Can the NCLT modify approved resolution plan under the IBC? NCLAT rules, ET LegalWorld
The National Company Law Appellate Tribunal has held that the inherent powers vested with the Adjudicating Authority cannot be invoked for accommodating a belated claim thereby causing a modification of the Resolution Plan as these powers cannot be directed to create any such remedy which is contrary or in contravention of the IBC framework of […]
10 key changes approved by the regulator that you need to know, ET LegalWorld
In its latest board meeting, capital markets regulator Sebi approved a series of key measures aimed at protecting investor interest and improving various aspects of market regulations. From tightening SME IPO norms to easing certain reporting requirements, here are 10 key changes you need to know. 1. Stricter rules for SME IPOs Sebi has made […]
Reliance Strategic Business Ventures’ Rs 202 cr plan for Karkinos Healthcare approved by NCLT, ET LegalWorld
The National Company Law Tribunal (NCLT) of Mumbai has approved Reliance Strategic Business Ventures Limited’s Rs 202 crore resolution plan for Karkinos Healthcare Pvt. Ltd. (KHPL), a tech-driven oncology platform, which was undergoing insolvency proceedings. The Mumbai Bench gave its nod on December 9, 2024, following approval from 100% of committee of creditors (CoC). KHPL […]