insolvency Archives | Awaz Entertainment

Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017

On: April 8, 2022

Ministry of Corporate Affairs Insolvency and Bankruptcy Board of India amends the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 Posted On: 08 APR 2022 8:48PM by PIB Delhi The Insolvency and Bankruptcy Board of India notified the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2022 (Amendment Regulations)…Continue Reading

NCLT initiates insolvency proceedings against MGF Developments Limited

By: Awaz Entertainment

On: November 30, 2021

In: International News

With: 0 Comments

The National Company Law Appellate Tribunal (NCLAT) has initiated insolvency proceedings against NCR-based real estate firm MGF Developments Limited, on a petition filed by a group of homebuyers. The NCLT has also appointed a Interim Resolution Professional. “Since, the financial creditor satisfies all the requirement of section 7 of IBC, 2016. We are therefore, satisfied…Continue Reading