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Tata Steel has acquired Bhushan Steel (BSL) through its wholly-owned subsidiary Bamnipal Steel Ltd (BNL) through a resolution under the Insolvency and Bankruptcy Code (IBC).

Under the Insolvency and Bankruptcy Code (IBC), M&A deals in distressed asset sales worth around $14.3 billion were done since the code became functional in December 2016, according to data from Kroll and Mergermarket.

Arcelor Mittal finally acquires Essar steel through IBC after Supreme Court judgement in their favour. In this article we cover various legal hurdles/ challenges arise due to NCLAT order and how supreme court dealt with it.

Center has set up National Company Law Tribunal (NCLT) on June 1, 2016, to look into cases relating to insolvency and bankruptcy of companies, especially those that have a huge bank debt.

Bhushan Steel was acquired by Tata Steel Ltd through IBC route and later on renamed it to Tata Steel BSL Ltd. Analysis of impact of the resolution plan on its financial and other stakeholders is carried out through this article

Marking an entry into India, Sanjeev Gupta-led Gupta Family Group (GFG) Alliance, which owns Liberty House, has acquired bankrupt Adhunik Metaliks and Zion Steel for Rs 425 crore, which was under the Insolvency and Bankruptcy Code. It was an all-cash deal. In fact, Liberty House had failed to complete Adhunik's acquisition in its first attempt. It was given a second chance by the National Company Law Appellate Tribunal to take over the bankrupt steel mill.

Around 1990 Videocon was one of the most iconic consumer electronic brands in the India. Promoters of the Videocon further diversified business of the company in Oil, Gas, Telecom Retail and DTH service. Diversified businesses of the company were capital intensive and for running the same Company borrowed huge amount of money from the financial institution. Though Company diversified into many businesses, consumer durables was largest source of revenue, but Company failed to build its brand royalty and other competitors like Samsung, LG, Sony overtook them.

Recent changes in Income tax provisions in Budget 2018-19 in relation to companies facing Insolvency Proceeding or under corporate Insolvency resolution process

Monnet Ispat, one of the first twelve companies recommended by RBI for Insolvency Resolution Process sails through the process and resolution plan as submitted by JSW & AION Investment approved by the NCLT. This article analyzes the resolution plan and whether any value is created for its various stakeholders.

Jet Airways will be the first airlines company in the country to go into bankruptcy, as it owes over Rs 8,000 crore to banks and thousands of crores to vendors, lessors and employees.

NBCC got the final approval from the National Company Law Tribunal (NCLT) to acquire debt-ridden township developer Jaypee Infratech under the insolvency process.