Liquidator appointment under Section 34 requires consideration of creditor recommendations, valid professional authorisation, and preservation of vali...
Income-tax exemption for specified regulatory fees and government grants applies subject to non-commercial activity and continuing compliance conditio...
Digital accessibility audit and remediation deadlines extended, while all other disability-compliance obligations for regulated entities remain unchan...
Resolution process for Category II company IECCL initiated by IL&FS in January 2021 through Expression of Interest for acquisition of 42.25% shareholding. Process ongoing with participation of ICICI Bank as lead lender and Committee of Creditors meetings. Revised bid by Howen International Fund SPC under consideration by CoC. IECCL resolution process allowed to proceed, with liberty to ICICI Bank to raise objections on extinguishment of entire debt for mere 42.25% shareholding payment. Hearing on related application scheduled, excluding prayers regarding IECCL resolution which commenced in 2021 and to be completed irrespective of pendency.
Resolution process for Category II company IECCL initiated by IL&FS in January 2021 through Expression of Interest for acquisition of 42.25% shareholding. Process ongoing with participation of ICICI Bank as lead lender and Committee of Creditors meetings. Revised bid by Howen International Fund SPC under consideration by CoC. IECCL resolution process allowed to proceed, with liberty to ICICI Bank to raise objections on extinguishment of entire debt for mere 42.25% shareholding payment. Hearing on related application scheduled, excluding prayers regarding IECCL resolution which commenced in 2021 and to be completed irrespective of pendency.
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