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    • Supreme Court’s decision on Siva Industries may set a good precedent for IBC cases, experts say

      The court’s June 3 order will give more power to lenders and ensure speedy recovery in cases under the bankruptcy court, according to bankers and legal experts

    • Appeals tribunal tosses out promoter plea against liquidation of Siva Industries

      This comes after the NCLT had ordered liquidation in August

    • NCLT verdict in Siva Industries case questions commercial wisdom of banks

      The ruling echoes apprehensions of a parliamentary panel that recommended a code of conduct be framed for lenders to define and circumscribe their decisions in corporate insolvency resolution cases

    • NCLT rejects Siva Industries settlement offer, orders liquidation

      Tribunal found settlement plan ambiguous; called it a ‘business restructuring plan'.

    • Analysis: The significance of the impending NCLT order on Siva Industries

      Lenders have decided to drop bankruptcy proceedings against Siva Industries by accepting the one-time-settlement offer made by the company. This has now become a subject matter of intense debate. The National Company Law Tribunal (NCLT) ruling will have a sweeping effect on India’s bankruptcy laws.

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