The Competition Commission of India (CCI) approves the acquisition of shareholding of JM Baxi Ports and Logistics Limited by HL Terminal Holding B.V., a wholly owned subsidiary of Hapag Lloyd Aktiengesellschaft. The proposed combination pertains to acquisition by HL Terminal Holding B.V. (Acquiring Entity) of certain shareholding of JM Baxi Ports and Logistics Private Limited (Target) (Proposed Combination).
Category: IBC News
Judicial Reforms
Ministry of Law and Justice Judicial reforms is a collaborative and a continuous process. Government has set up the National Mission for Justice Delivery and Legal Reforms in August, 2011 with the twin objectives of increasing access by reducing…
Promotion of Regional Languages in Courts
Ministry of Law and Justice Article 348(1)(a) of the Constitution of India states that all proceedings in the Supreme Court and in every High Court, shall be in English language. Clause (2) of the Article 348 of the Constitution…
Measures for Quick Disposal of Court Cases
Ministry of Law and Justice Government has adopted several steps/measures to check excessive litigation specially in the areas which are prone to it. They include:- (i) Ministry of Railways has issued instructions for effective monitoring of Court cases at…
Change of location of DRT 1 and 2 Bengalore – Notification No. SO 1295(E) dated 20.03.2023
MINISTRY OF FINANCE(Department of Financial Service)NOTIFICATIONNew Delhi, the 20th March, 2023 S.O. 1295(E).—In exercise of the powers conferred by Section 3 of the Recovery of Debts and Bankruptcy Act, 1993 (51 of 1993), the Central Government hereby notifies the following…
Read More Change of location of DRT 1 and 2 Bengalore – Notification No. SO 1295(E) dated 20.03.2023
MSME certificate issued on the Udyam Assist Platform to Informal Micro Enterprises shall be treated at par with Udyam Registration Certificate for the purpose of availing Priority Sector Lending benefits – MSME Notification No. SO 1296(E) dated 20.03.2023
MINISTRY OF MICRO, SMALL AND MEDIUM ENTERPRISESNOTIFICATIONNew Delhi, the 20th March, 2023 S.O. 1296(E).—In exercise of powers conferred by section 9 of the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006), the Central Government, for the purposes…
MCA establishes a Centre for Processing Accelerated Corporate Exit (C-PACE) – Notification No. SO-1269(E) dated 17.03.2023
In exercise of the powers conferred by sub-section (1) of section 396 of the Companies Act, 2013, the Central Government hereby establishes a Centre for Processing Accelerated Corporate Exit (hereinafter referred to as C-PACE). The C-PACE shall be located at the Indian Institute of Corporate Affairs (IICA), Plot No. 6, 7, 8, Sector 5, IMT Manesar, District Gurgaon (Haryana), Pin Code – 122050.
Bad Bank kicks off with Jaypee for systemic resolution of large complex assets – By Kajal Bhatia, Legal Analyst at India Debt Resolution Company Ltd.
The Hon'ble NCLT Principal Bench, Delhi approved the Resolution Plan on 07.03.2023. Jaypee Infratech Limited becomes the first acquisition of India’s revolutionary Bad Bank, signalling a promising future for distressed assets. The Bad Bank, which is a twin structure comprising of National Asset Reconstruction Company Limited (NARCL) and India Debt Resolution Company Limited (IDRCL), has been established to facilitate the effective resolution of large and complex non-performing assets (NPAs), in line with the announcement made by the Hon'ble Finance Minister in the Union Budget of February 2021.
Cabinet approves the extension of the term of the Twenty-second Law Commission of India upto 31st August, 2024
Cabinet approves the extension of the term of the Twenty-second Law Commission of India upto 31st August, 2024 The Union Cabinet chaired by Hon’ble Prime Minister Shri Narendra Modi, approved the extension of the term of the Twenty-second Law…
Second International Research Conference on Insolvency and Bankruptcy being organized by Insolvency and Bankruptcy Board of India in association with IIM Bangalore from 23rd February- 25th February 2023
Insolvency and Bankruptcy Board of India No. IBBI/PR/2023/0121st February, 2023 Press Release Second International Research Conference on Insolvency and Bankruptcy being organized by Insolvency and Bankruptcy Board of India in association with IIM Bangalore from 23rd February- 25th February 2023.…
