Search result for 'corporate debtor'

IBBI Mandates Carry-Forward Loss Disclosure in Insolvency

March 19, 2025 22:26

The IBBI has made it mandatory for insolvency professionals to disclose carry-forward losses in the Information Memorandum during the insolvency process. This aims to provide potential resolution...

Zomato Faces Insolvency Plea: NCLT Hearing

March 17, 2025 22:29

Zomato faces an insolvency plea before the NCLT due to unpaid dues from an apparel supplier, Nona Lifestyle. The NCLT has adjourned the matter to April.

Jaiprakash Associates Must Be Sold as One Unit: NCLT

March 10, 2025 16:08

NCLT rules Jaiprakash Associates must be sold as a whole entity during insolvency proceedings, rejecting the option of dividing assets. The tribunal emphasizes the importance of the company being...

Coffee Day Insolvency Resumes: NCLAT Fails to Meet Deadline

February 24, 2025 13:57

Insolvency proceedings against Coffee Day Enterprises Ltd. resume after the NCLAT failed to issue a ruling within the Supreme Court's deadline. The company faces debt issues stemming from the death...

NCLT Revokes Logix Infra Insolvency, Cites Fraud

February 9, 2025 11:53

NCLT has revoked insolvency proceedings against Logix Infrastructure, citing fraudulent intentions and a collusive petition by the financial creditor. The tribunal found a nexus between the...

IBBI Eases Homebuyer Woes in Insolvency Process

February 5, 2025 22:18

The Insolvency and Bankruptcy Board of India has amended rules to ease homebuyers' woes in stalled real estate projects, allowing them to take possession while resolution is underway.

IBBI Issues Paper to Streamline Corporate Resolution

February 4, 2025 22:19

Insolvency ''Bankruptcy Board of India (IBBI) proposes amendments to the resolution framework for better efficiency and transparency.

Busy Bee Airways to Acquire Go First, NCLAT Hearing

January 31, 2025 18:44

Busy Bee Airways aims to acquire Go First as a going concern and will reach out to lenders. NCLAT hears petitions challenging Go First's liquidation.

NCLAT Overturns Valuation Order in Educomp Case

January 27, 2025 16:46

The NCLAT has set aside the order for a fresh valuation of shares held by Educomp Solutions's subsidiary in a US firm, ruling that the NCLT lacked jurisdiction.

Go First Liquidation Ordered by NCLT

January 20, 2025 19:07

NCLT orders liquidation of Go First after the airline filed for insolvency in May 2023. The decision was made after a resolution process failed to secure a buyer.

Tulip Hotels Liquidated by NCLT After Failing to Attract Bidders

January 19, 2025 14:15

NCLT has ordered the liquidation of Tulip Hotels after the company failed to secure a bidder during its insolvency resolution process. The decision comes after the 180-day timeline for finding a...

Hero Electric Faces Insolvency: NCLT Admits Plea

December 27, 2024 17:15

The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Hero Electric after admitting a plea by Metro Tyres over unpaid dues of Rs 1.85 crore.

NCLAT Upholds Sale of Golden Jubilee Hotels, Rejects EIH Plea

December 15, 2024 13:32

The NCLAT upheld the sale of Golden Jubilee Hotels to a Singapore-based entity, rejecting EIH's plea against the NCLT order. The tribunal found EIH ineligible under IBC's Section 29A.

ED Restitutes Rs 4,025 Crore in Bhushan Steel Fraud Case

December 14, 2024 10:53

The ED has restituted assets worth Rs 4,025 crore to JSW Steel in the Bhushan Steel bank fraud case, following approval from the Supreme Court. This follows the attachment of assets under the...

RBI Calls for Enforceable CoC Code in Insolvency

December 7, 2024 15:59

RBI Deputy Governor advocates for an enforceable code of conduct for the Committee of Creditors (CoC) under India's Insolvency and Bankruptcy Code (IBC) to improve creditor behavior and enhance...

NCLAT Dismisses Amazon Wholesale Insolvency Plea

November 26, 2024 20:09

The National Company Law Appellate Tribunal (NCLAT) has dismissed a petition seeking insolvency proceedings against Amazon Wholesale (India), upholding an NCLT ruling.

NCLAT Limits Raheja Insolvency to One Project

November 22, 2024 10:27

NCLAT confines insolvency proceedings against Raheja Developers to ''Raheja Shilas'' project, but seeks report on other projects. Flat buyers seek insolvency for all projects.

Raheja Developers Challenges Insolvency Over Shilas Project

November 20, 2024 13:49

Raheja Developers has appealed to the NCLAT against the initiation of insolvency proceedings over delays in its Gurugram-based Shilas project, citing force majeure and the project's complexity.

Raheja Developers Faces Insolvency Over Gurgaon Project Delay

November 19, 2024 20:27

The National Company Law Tribunal has ordered insolvency proceedings against Raheja Developers for delays in its Shilas project in Gurgaon, following a petition by flat allottees.

IBC: Lenders Face 72% Haircut in Q2, Delays Cause Liquidations

November 13, 2024 19:09

Icra reports lenders are facing significant haircuts in corporate insolvency cases due to delays exceeding the 270-day timeline, leading to more liquidations. Learn more about the impact on IBC and...

IBBI Proposes Mediation for Operational Creditors Before Insolvency

November 6, 2024 21:43

The Insolvency and Bankruptcy Board of India (IBBI) proposes voluntary mediation for operational creditors before insolvency filings, aiming to reduce the burden on the Adjudicating Authority and...

NCLT Orders Insolvency Proceedings Against Spaze Towers

October 24, 2024 16:34

The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Spaze Towers for failing to complete construction of flats in its 'Spaze Arrow' project in Gurugram. Flat owners...

NCLAT Closes JHL Insolvency After Max Healthcare Settlement

October 18, 2024 11:44

The National Company Law Appellate Tribunal (NCLAT) has closed insolvency proceedings against Jaypee Healthcare after Max Healthcare settled creditor claims. Max Healthcare acquired a 64% stake in...

Syska LED Lights Faces Insolvency Proceedings: NCLT Orders CIRP

October 9, 2024 12:00

The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Syska LED Lights after an operational creditor, Sunstar Industries, claimed unpaid dues of Rs 7.70 crore. The...

SC Allows NBCC to Complete Supertech's Stalled Projects

October 1, 2024 18:58

Supreme Court allows NBCC to complete 17 stalled Supertech projects, affecting 27,000 homebuyers. NCLAT will examine NBCC's proposal, providing relief to homebuyers.

Future Lifestyle Fashions Approved by Space Mantra Consortium

September 28, 2024 15:00

Lenders of Future Lifestyle Fashions Ltd have approved the resolution plan submitted by a consortium of Space Mantra and Sandeep Gupta & Shalini Gupta. The resolution plan was approved by the...

NCLAT Orders IndusInd to Respond on Reliance Capital Interest Plea

September 13, 2024 14:20

The NCLAT has directed IndusInd International Holdings Ltd to respond to a plea filed by Reliance Capital lenders seeking interest on payment for the extended period.

Go First Insolvency Deadline Extended: NCLT Asks Promoters to Reply

September 4, 2024 20:57

NCLT extends Go First's insolvency resolution deadline for the fourth time, directing the suspended board to file a reply within three weeks. The decision comes after lenders failed to find a buyer...

Future Retail Liquidated: NCLT Orders Winding Up

July 29, 2024 23:17

The National Company Law Tribunal has ordered the liquidation of Future Retail after the maximum period of the corporate insolvency resolution process expired without a resolution plan. The company...

IBC Changes: FM Proposes Tribunal Strengthening, Digital Platform

July 23, 2024 11:51

Finance Minister Nirmala Sitharaman announced changes to the Insolvency and Bankruptcy Code (IBC), including tribunal strengthening and a digital platform for improved outcomes.

Supertech Township Projects Faces Insolvency Over Rs 216 Crore Debt

July 22, 2024 17:55

The National Company Law Tribunal has ordered insolvency proceedings against Supertech Township Projects over a Rs 216.92 crore default by Punjab & Sind Bank. This is the third Supertech group firm...

Insolvency & Bankruptcy Code: Rs 10.2 Lakh Cr Defaults Settled

July 22, 2024 14:44

India's Insolvency & Bankruptcy Code (IBC) has helped settle Rs 10.2 lakh crore in defaults since 2016, with real estate companies accounting for a significant portion. The IBC has also enabled...

Byju's Appeals NCLT Insolvency Order: Urgent Hearing Sought

July 18, 2024 17:30

Byju's challenges the NCLT order allowing BCCI's insolvency petition, seeking an urgent hearing. The edtech firm faces Rs 158.9 crore dues to the cricket board.

GVK Power Faces Insolvency: Loan Default Leads to NCLT Proceedings

July 16, 2024 19:01

GVK Power and Infrastructure Ltd faces insolvency proceedings after failing to repay loans to lenders, including ICICI Bank. The NCLT has appointed an interim resolution professional to manage the...

NCLT Orders Go First to Release Aircraft Engines

July 11, 2024 22:44

The National Company Law Tribunal (NCLT) has directed Go First to release four aircraft engines to Engine Lease Finance (ELF) BV. This is the fourth extension for Go First to complete the Corporate...

YEIDA Withdraws Appeal Against Ace Infracity Bid

July 7, 2024 19:08

YEIDA has withdrawn its appeal against Ace Infracity's bid for Three C Homes after accepting a proposal for farmer compensation. The NCLAT approved the bid, which includes a Rs 140.39 crore...

Multiplier Brand Solutions Appeals Amazon Wholesale Case at NCLAT

July 4, 2024 20:03

Multiplier Brand Solutions challenges NCLT's dismissal of its insolvency plea against Amazon Wholesale (India) at the National Company Law Appellate Tribunal (NCLAT). The case involves alleged...

Insolvency Professionals Face Challenges from Statutory Authorities: Survey

July 3, 2024 21:21

A survey reveals that insolvency professionals face significant challenges from statutory authorities during the IBC process, including delays and conflicting demands.

Supertech Realtors Insolvency Case: NCLAT Awaits Lenders' Decision

July 3, 2024 20:12

NCLAT delays insolvency proceedings against Supertech Realtors, pending lenders' decision on a revised settlement offer. The Supernova project, under construction, will continue under IRP supervision.

IBBI Proposes Insolvency Rule Amendments: Public Comments Sought

June 20, 2024 22:29

The IBBI has proposed amendments to insolvency rules aimed at enhancing efficiency and reducing costs. Public comments are invited until July 10.

NCLT orders insolvency proceeding against Supernova project developer Supertech Realtors

June 15, 2024 18:21

NCLT orders insolvency proceedings against Supertech Realtors for its Supernova project due to a Rs 168.04 crore default to Bank of Maharashtra. The project, a 80-floor building, is facing...

Go First Insolvency Extended: NCLT Grants 60 Days

June 13, 2024 12:47

The National Company Law Tribunal (NCLT) has granted a fourth extension of 60 days to Go First to complete the insolvency process, pushing the deadline to August 3, 2024.

Jaiprakash Associates Insolvency: NCLAT Orders ICICI to Consider OTS

June 11, 2024 15:13

NCLAT orders ICICI Bank to consider Jaiprakash Associates' one-time settlement proposal, setting a June 24 deadline. The debt-ridden company seeks to pay off its debt within 18 weeks.

NCLT Initiates Insolvency Against Himalayan Mineral Water

June 9, 2024 13:37

The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Himalayan Mineral Waters for defaulting on a corporate guarantee given for LeeL Electricals. The insolvency...

Jet Airways Insolvency: JKC Withdraws Escrow Plea

May 28, 2024 17:37

The Jalan Kalrock Consortium (JKC) has withdrawn its plea to put Rs 200 crore in escrow after the NCLAT refused relief. The matter is now before the Supreme Court.

Creditors' Haircuts Jump to 73% in FY24: IBC Report

May 17, 2024 17:08

Creditors' haircuts in Indian bankruptcy cases rose to 73% in FY24, with resolution times increasing, according to Icra report. Learn about the impact on creditors and the insolvency process.

NCLT Disposes Mumbai Metro One Bankruptcy Case

April 15, 2024 17:07

The NCLT has disposed of a bankruptcy case filed by SBI and IDBI Bank against Mumbai Metro One Pvt Ltd, following a one-time debt settlement agreement.

Go First Insolvency: NCLT Extends Deadline by 60 Days

April 8, 2024 22:20

The National Company Law Tribunal (NCLT) has extended the deadline for Go First's insolvency resolution process by another 60 days, marking the third extension. This brings the new deadline to June...

NCLT Initiates Insolvency Against MEP Infrastructure - Rs 127.86 Crore Default

April 3, 2024 19:03

The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against MEP Infrastructure Developers Ltd after Bank of India claimed a default of Rs 127.86 crore. Learn more about...

NCLAT Dismisses BHEL's Pleas in Hiranmaye Energy Insolvency

March 4, 2024 21:14

The National Company Law Appellate Tribunal (NCLAT) dismissed BHEL's petitions challenging the insolvency proceedings against Hiranmaye Energy, formerly India Power Corp (Haldia), initiated by REC....

Insolvency Law: Debtors Resolve Cases Before Admission - IBBI

February 20, 2024 16:43

IBBI reports a surge in debtors resolving cases before insolvency proceedings, attributing it to the credible threat of ownership change. Over 27,500 applications withdrawn before admission,...

Gitanjali Gems Liquidated: NCLT Orders Winding Up

February 19, 2024 21:00

The National Company Law Tribunal (NCLT) has ordered the liquidation of Gitanjali Gems, promoted by Mehul Choksi, due to ongoing investigations and bleak revival prospects. The company was admitted...

IBBI Streamlines Insolvency Process: New Norms for Transparency &amp; Efficiency

February 16, 2024 20:28

The Insolvency and Bankruptcy Board of India (IBBI) has amended insolvency resolution process norms to enhance transparency, efficiency, and streamline real estate project resolutions.

NCLAT Stays Dream11 CIRP Order, Next Hearing Feb 23

February 14, 2024 19:22

NCLAT stays NCLT order to initiate CIRP against Dream11, directing IRP not to take any steps till Feb 23. The order came over an urgent petition by Dream11 co-founder.

IBBI Amends Liquidation Norms for Smoother Process

February 13, 2024 20:49

IBBI has amended liquidation norms to streamline the process, increase accountability, and ensure smooth asset disposal. The new rules aim to enhance transparency and efficiency in insolvency...

Go First Insolvency Deadline Extended by NCLT

February 13, 2024 14:30

The National Company Law Tribunal has extended the deadline for Go First's insolvency resolution process by another 60 days, allowing more time for interested parties to submit their bids.

IBBI Amends Insolvency Norms for Personal Guarantors

February 6, 2024 18:27

The Insolvency and Bankruptcy Board of India (IBBI) has amended norms related to insolvency resolution process for personal guarantors and voluntary liquidation process. The changes aim to...

NCLAT Overturns Liquidation Order of SARE Realty Projects

January 17, 2024 20:46

NCLAT sets aside NCLT's order to liquidate SARE Realty Projects without exploring sale options, ruling that lenders must exhaust resolution steps before liquidation.

Pre-Packaged Insolvency: Game Changer for Stressed Assets - RBI Governor

January 11, 2024 22:14

RBI Governor Shaktikanta Das advocates for pre-packaged insolvency resolution as a game changer for resolving stressed assets, highlighting its potential benefits for both creditors and debtors.

NCLAT: Former Promoters Can Bid in IBC Cases

January 11, 2024 20:38

The National Company Law Appellate Tribunal clarifies that former promoters and directors can submit bids in insolvency cases unless they meet specific ineligibility criteria under Section 29A of...

RBI Chief Calls for IBC Course Correction: Recovery Rate, Time & Haircuts

January 11, 2024 17:51

RBI Governor Shaktikanta Das highlights learnings from IBC implementation, suggesting course correction regarding resolution time & haircuts. 32% recovery rate achieved, but challenges remain.

RBI Chief Calls for IBC Course Correction: 32% Claims Recovered

January 11, 2024 17:45

RBI Governor Shaktikanta Das highlights learnings from the Insolvency and Bankruptcy Code (IBC) implementation, suggesting the need for course correction. He notes a 32% recovery rate on claims,...

NCLAT Overturns NCLT Order on Srei Equipment Claim

January 10, 2024 22:45

NCLAT has set aside an NCLT order that rejected Srei Equipment Finance Ltd's Rs 919.78 crore claim from ARSS Infrastructure Projects, finding the rejection to be based on 'flimsy...

NCLAT Rejects Jindal Power Bid for Tuticorin Coal Terminal

January 10, 2024 18:27

The NCLAT dismissed Jindal Power's bid to participate in the resolution process of debt-ridden Tuticorin Coal Terminal, upholding the NCLT's decision that JPL was ineligible to submit a Resolution...

NCLAT Saves Hyatt Regency Mumbai From Insolvency

January 9, 2024 22:50

The National Company Law Appellate Tribunal (NCLAT) has set aside insolvency proceedings against Asian Hotels (West), operator of Hyatt Regency, Mumbai. The tribunal accepted the proposal submitted...

Future Enterprises Invites Bids for Insurance & Apparel Units

December 27, 2023 16:29

Future Enterprises, a Future Group firm, invites bids for assets including stakes in insurance business and apparel manufacturing units. The deadline for submission is February 27, 2024.

RCom Real Estate Assets Sold: NCLT Mumbai Approves

December 13, 2023 22:53

NCLT Mumbai approves the sale of Reliance Communications'' real estate assets, including office spaces in Chennai, Pune, and Bhubaneswar.

IBBI Proposes Amendments to Streamline IBC Resolution Process

November 1, 2023 22:27

The Insolvency and Bankruptcy Board of India (IBBI) proposes amendments to regulations to streamline the corporate resolution process and prevent delays in resolution plan implementation. The...

Company Name
Price
Volume

Vodafone Idea L
7.62 (+ 4.96)
103031030

GTL Infrastructure
1.53 (+ 1.32)
21582832

Guj. Toolroom Lt
1.72 (+ 3.61)
13450663

Jaiprakash Power Ven
14.97 (+ 2.18)
13128177

Standard Capital
0.56 ( -1.75)
13006780

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Search result for 'corporate debtor'

IBBI Mandates Carry-Forward Loss Disclosure in Insolvency

Zomato Faces Insolvency Plea: NCLT Hearing

Jaiprakash Associates Must Be Sold as One Unit: NCLT

Coffee Day Insolvency Resumes: NCLAT Fails to Meet Deadline

NCLT Revokes Logix Infra Insolvency, Cites Fraud

IBBI Eases Homebuyer Woes in Insolvency Process

IBBI Issues Paper to Streamline Corporate Resolution

Busy Bee Airways to Acquire Go First, NCLAT Hearing

NCLAT Overturns Valuation Order in Educomp Case

Go First Liquidation Ordered by NCLT

Tulip Hotels Liquidated by NCLT After Failing to Attract Bidders

Hero Electric Faces Insolvency: NCLT Admits Plea

NCLAT Upholds Sale of Golden Jubilee Hotels, Rejects EIH Plea

ED Restitutes Rs 4,025 Crore in Bhushan Steel Fraud Case

RBI Calls for Enforceable CoC Code in Insolvency

NCLAT Dismisses Amazon Wholesale Insolvency Plea

NCLAT Limits Raheja Insolvency to One Project

Raheja Developers Challenges Insolvency Over Shilas Project

Raheja Developers Faces Insolvency Over Gurgaon Project Delay

IBC: Lenders Face 72% Haircut in Q2, Delays Cause Liquidations

IBBI Proposes Mediation for Operational Creditors Before Insolvency

NCLT Orders Insolvency Proceedings Against Spaze Towers

NCLAT Closes JHL Insolvency After Max Healthcare Settlement

Syska LED Lights Faces Insolvency Proceedings: NCLT Orders CIRP

SC Allows NBCC to Complete Supertech's Stalled Projects

Future Lifestyle Fashions Approved by Space Mantra Consortium

NCLAT Orders IndusInd to Respond on Reliance Capital Interest Plea

Go First Insolvency Deadline Extended: NCLT Asks Promoters to Reply

Future Retail Liquidated: NCLT Orders Winding Up

IBC Changes: FM Proposes Tribunal Strengthening, Digital Platform

Supertech Township Projects Faces Insolvency Over Rs 216 Crore Debt

Insolvency & Bankruptcy Code: Rs 10.2 Lakh Cr Defaults Settled

Byju's Appeals NCLT Insolvency Order: Urgent Hearing Sought

GVK Power Faces Insolvency: Loan Default Leads to NCLT Proceedings

NCLT Orders Go First to Release Aircraft Engines

YEIDA Withdraws Appeal Against Ace Infracity Bid

Multiplier Brand Solutions Appeals Amazon Wholesale Case at NCLAT

Insolvency Professionals Face Challenges from Statutory Authorities: Survey

Supertech Realtors Insolvency Case: NCLAT Awaits Lenders' Decision

IBBI Proposes Insolvency Rule Amendments: Public Comments Sought

NCLT orders insolvency proceeding against Supernova project developer Supertech Realtors

Go First Insolvency Extended: NCLT Grants 60 Days

Jaiprakash Associates Insolvency: NCLAT Orders ICICI to Consider OTS

NCLT Initiates Insolvency Against Himalayan Mineral Water

Jet Airways Insolvency: JKC Withdraws Escrow Plea

Creditors' Haircuts Jump to 73% in FY24: IBC Report

NCLT Disposes Mumbai Metro One Bankruptcy Case

Go First Insolvency: NCLT Extends Deadline by 60 Days

NCLT Initiates Insolvency Against MEP Infrastructure - Rs 127.86 Crore Default

NCLAT Dismisses BHEL's Pleas in Hiranmaye Energy Insolvency

Insolvency Law: Debtors Resolve Cases Before Admission - IBBI

Gitanjali Gems Liquidated: NCLT Orders Winding Up

IBBI Streamlines Insolvency Process: New Norms for Transparency &amp;amp; Efficiency

NCLAT Stays Dream11 CIRP Order, Next Hearing Feb 23

IBBI Amends Liquidation Norms for Smoother Process

Go First Insolvency Deadline Extended by NCLT

IBBI Amends Insolvency Norms for Personal Guarantors

NCLAT Overturns Liquidation Order of SARE Realty Projects

Pre-Packaged Insolvency: Game Changer for Stressed Assets - RBI Governor

NCLAT: Former Promoters Can Bid in IBC Cases

RBI Chief Calls for IBC Course Correction: Recovery Rate, Time &amp; Haircuts

RBI Chief Calls for IBC Course Correction: 32% Claims Recovered

NCLAT Overturns NCLT Order on Srei Equipment Claim

NCLAT Rejects Jindal Power Bid for Tuticorin Coal Terminal

NCLAT Saves Hyatt Regency Mumbai From Insolvency

Future Enterprises Invites Bids for Insurance & Apparel Units

RCom Real Estate Assets Sold: NCLT Mumbai Approves

IBBI Proposes Amendments to Streamline IBC Resolution Process

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IBBI Streamlines Insolvency Process: New Norms for Transparency & Efficiency

RBI Chief Calls for IBC Course Correction: Recovery Rate, Time & Haircuts