NCLT

BANKRUPTCY CODE – PUBLIC ANNOUNCEMENTS

List of applications admitted by NCLTs under Insolvency and Bankruptcy Code, 2016 with details of public announcements inviting claims. Sr.No NCLT Corporate Debtor Name of Insolvency Professional Insolvency Commencement Date Last Date For Submission Of

NCLT

BANKRUPTCY CODE – PUBLIC ANNOUNCEMENTS

List of applications admitted by NCLTs under Insolvency and Bankruptcy Code, 2016 with details of public announcements inviting claims. Sr.No NCLT Corporate Debtor Name of Insolvency Professional Insolvency Commencement Date Last Date For Submission Of

SEBI relaxes norms for acquisition of distressed companies

Securities and Exchange Board of India (“SEBI”) relaxed norms for acquiring shares of distressed companies by exempting such acquisition from the mandatory open offer requirements under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations,

Civil Court Decree Holders Cannot Invoke Insolvency Code

In a recent judgment, the National Company Law Tribunal Principal Bench at Delhi[1](“NCLT”), while deciding an application for initiating corporate insolvency resolution process under the Insolvency and Bankruptcy Code 2016 (the “Code”), held that the

NCLT

Anark Aluminium, a joint venture of RAKIA, moves NCLT

Anark Aluminium a joint venture between UAE’s Ras Al Khaima Investment Authority (“RAKIA”) and India’s Penna Group has moved National Company Law Tribunal (“NCLT”) under the Insolvency and Bankruptcy Code 2016 (“IBC”). This is the

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