insolvency resolution process

Grace marks for Byju’s: Karnataka High Court sets aside NCLT order halting second rights issue | Mint

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The Karnataka High Court on Tuesday set aside a National Company Law Tribunal ruling of 12 June restraining Byju’s from using the funds raised from its second rights issue, but the money is still out of immediate reach for the troubled edtech company. A high court bench led by Justice S.R. Krishna Kumar has asked … Read more

Apprehension about IIHL’s willingness to honour RCap resolution plan: CoC | Mint

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Mumbai: Reliance Capital’s administrator has said that the Hinduja Group-owned IndusInd International Holdings Ltd’s bid to unilaterally seek extension of the deadline to implement its resolution plan for the bankrupt company creates ‘reasonable apprehension’ about its willingness to honour  the resolution plan. In a submission before the Mumbai bench of the National Company Law Tribunal … Read more