10Jun 2024

UGI USER
business law corporate bankruptcy Financial News Himalayan Mineral Waters IBC India insolvency proceedings IRP appointment NCLT
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“NCLT BEGINS INSOLVENCY PROCEEDINGS AGAINST HIMALAYAN MINERAL WATERS, APPOINTS IRP”

Why in the news? The NCLT has initiated insolvency proceedings against Himalayan Mineral Waters following a default on a corporate guarantee for Leel Electricals, as per Jammu & Kashmir Bank’s plea. Bhoopesh Gupta has been appointed as the interim resolution professional for the firm’s Corporate Insolvency Resolution Process (CIRP). source:scribd About National Company Law Tribunal …

05Jun 2024

“NCLT REJECTS JAL’S CLAIMS, ORDERS INSOLVENCY PROCEEDINGS INITIATION”

Why in the news? The National Company Law Tribunal (NCLT) ordered the initiation of insolvency proceedings against Jaiprakash Associates Ltd. (JAL) on June 3. Jaiprakash Associates Ltd. (JAL’s) claim of facing a liquidity crunch and defaulting on debt repayments due to government delays and litigation was rejected by the NCLT. source:slideplayer About National Company Law …

19May 2024

CREDITORS ONLY RECEIVED 4% OF CLAIMS UNDER IBC PROCESS

Why in the news? Only 17% of cases under the Insolvency and Bankruptcy Code (IBC) yielded a resolution plan. Post-National Company Law Tribunal (NCLT) admission, the majority of cases were withdrawn. Liquidation for 960 corporate debtors was completed, but creditors realised only 4% of their total admitted claims. source:slideshare About The Insolvency and Bankruptcy Code …

22Apr 2024

NAVIGATING THE COMPLEXITIES : IRAN-ISRAEL RELATIONS

Syllabus: GS 2: India and its Neighborhood- Relations. Effect of Policies and Politics of Developed and Developing Countries on India’s interests, Indian Diaspora. Why in the News? Following the Israeli airstrike on its consulate in Damascus, Iran swiftly promised retaliation, escalating tensions in the region. Iran deployed a combination of attack drones, cruise missiles, and …

Tag

“NCLT BEGINS INSOLVENCY PROCEEDINGS AGAINST HIMALAYAN MINERAL WATERS, APPOINTS IRP”

“NCLT REJECTS JAL’S CLAIMS, ORDERS INSOLVENCY PROCEEDINGS INITIATION”

CREDITORS ONLY RECEIVED 4% OF CLAIMS UNDER IBC PROCESS

NAVIGATING THE COMPLEXITIES : IRAN-ISRAEL RELATIONS

UPSC Prelims 2026 Live Paper Discussion & Detailed Answer Key Analysis