The Ahmedabad bench of the tribunal admitted the insolvency plea on March 30, 2021 filed by OYO's creditor Rakhesh Yadav contending that OHHPL has defaulted on an amount of INR 16 lakh
The resolution professional shall prepare an information memorandum for formulating a resolution plan
A constant theme running through these insolvency stories is the struggle to operate on low profit margins.
Recommendations made by the committee to the Government of India regarding the changes in bankruptcy laws
Two Years Since the Bankruptcy Code; How Far Has it Been Able to Bring Financial Discipline in Businesses?
The Bankruptcy Code, 2016 (IBC/Code) ensures settlement mechanism for insolvency in a definite time period