JD Supra

FDIC approves final rule to adjust resolution plan requirements

On June 20, the FDIC adopted its final rule amending the resolution planning requirements for large banks. The amended rule will amend 12 C.F.R. Part 360 “Resolutions and Receivership Rules,” and, ...
Tax Guru

NCLT Directs Liquidation After 741-Day CIRP Expires Without Approved Resolution Plan

Tribunal noted that the CIRP period, including all extensions, had reached 741 days and expired on 20 November 2025. Since no ...
JD Supra

FDIC Finalizes Large Bank Resolution Plan Rule and OCC Proposes Changes to Recovery Plans

The FDIC recently finalized its resolution planning rule for large banks, which becomes effective October 1, 2024. Resolution plans, or "living wills," are plans to wind down operations in the event ...

NCLAT rejects Vedanta's challenge to approval of Adani's resolution plan for Jaiprakash Associates

Vedanta's challenge to Adani Enterprises' resolution plan for Jaiprakash Associates Ltd was dismissed by the National Company Law Appellate Tribunal. The tribunal found no legal flaws in the creditors ...
Reuters

FDIC final resolution planning rule increases requirements on large insured depository institutions

August 12, 2024 - On June 20, 2024, the Federal Deposit Insurance Corporation (FDIC) issued a final rule (Final Rule) which will significantly increase the resolution planning requirements under 12 ...