Search result for 'insolvency'

NCLAT Approves IL&FS Subsidiary Sale to Bidder

November 30, 2024 16:22

The National Company Law Appellate Tribunal (NCLAT) has allowed debt-ridden IL&FS to sell its subsidiary IPRWL to a successful bidder. This could help IL&FS repay around Rs 1,000...

SpiceJet Resolves Dispute with Aircastle, Withdraws Insolvency Case

November 28, 2024 21:45

SpiceJet has settled a USD 23.39 million dispute with aircraft lessor Aircastle, leading to the withdrawal of an insolvency case filed against the airline. The settlement includes a USD 5 million...

GAIL Revives Mangalore PTA Plant: INEOS Partnership

November 28, 2024 13:54

GAIL has re-engaged INEOS to revive its Mangalore PTA plant, aiming to reduce India's import dependence and boost domestic petrochemical manufacturing.

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.

Govt. Working on Integrated Platform for Insolvency Ecosystem

November 26, 2024 19:11

The Indian government is developing an integrated platform to streamline the insolvency ecosystem, connecting key stakeholders and speeding up resolution processes. The platform aims to address...

India's Insolvency Law: Rs 3.55 Lakh Crore Recovered - Business Standard

November 25, 2024 18:42

India's insolvency law has seen creditors recover Rs 3.55 lakh crore through the resolution of 1,068 cases till September 2024. The government highlights the market-driven nature of recovery...

Patanjali Ayurved Revenue Up 23% in FY24

November 24, 2024 15:52

Patanjali Ayurved's revenue rose 23% to Rs 9,335.3 crore in FY24, driven by other income including OFS of Patanjali Foods and income from group entities.

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.

IBBI Proposes Mandatory Monitoring Committees for IBC Resolution Plans

November 20, 2024 22:29

IBBI proposes mandatory monitoring committees for resolution plans under the Insolvency and Bankruptcy Code (IBC) to ensure smooth implementation and bolster confidence in the process. The move...

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.

SpiceJet Faces More Insolvency Petitions, NCLT Issues Notices

November 18, 2024 19:01

SpiceJet faces two new insolvency petitions from Sabarmati Aviation and JetAir 17. NCLT issues notices to SpiceJet over the pleas, seeking further information.

Jaypee Infratech Posts Rs 88.2 Cr Profit in Q2 - Suraksha Group Takes Control

November 15, 2024 15:28

Jaypee Infratech reports Rs 88.2 crore profit in Q2, a turnaround after years of losses. Suraksha Group, which took control of the company in June, is working to complete stalled housing projects.

Jaypee Infratech CEO Resigns, Abhijit Gohil Appointed

November 15, 2024 15:06

Aalok Champak Dave, MD & CEO of Jaypee Infratech, has resigned citing personal reasons. Abhijit Gohil has been appointed as the new CEO for a period of 3 years.

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...

IL''FS Resolution Deadline Extended to March 2025

November 13, 2024 12:53

NCLAT extends moratorium on IL''FS resolution, directs completion of remaining 58 firms by March 31, 2025. Debt resolution process is at an advanced stage with significant progress made.

Reliance Power Reports Rs 2,878 Crore Net Profit

November 13, 2024 10:45

Reliance Power has announced a consolidated net profit of Rs 2,878.15 crore in the July-September quarter, driven by a gain from deconsolidation of a subsidiary and settlement of guarantor...

String Metaverse Reports Rs 12 Crore Profit in H1 FY25

November 12, 2024 20:08

Hyderabad-based String Metaverse Ltd reported a profit after tax of Rs 12.13 crore in the first half of FY25, driven by its focus on Web3 gaming, AI, and blockchain technology.

PSBs Show Robust Growth in H1 FY25: FinMin

November 12, 2024 16:09

Public sector banks (PSBs) in India reported strong performance in H1 FY25, with 26% growth in net profit and 11% increase in business, according to the finance ministry.

Cox & Kings Travel Brand Returns Under Wilson & Hughes

November 12, 2024 11:02

Wilson & Hughes, a Singapore-based firm, brings back the travel brand Cox & Kings, focusing on leisure, business, and specialised travel. The brand aims to leverage technology for a...

Sebi Expands Scope of Unpublished Price-Sensitive Info

November 10, 2024 11:43

SEBI proposes broadening the scope of Unpublished Price Sensitive Information (UPSI) to include fundraising activities, restructuring plans, and one-time bank settlements.

IBBI Proposes Real Estate Insolvency Reforms

November 7, 2024 21:53

The Insolvency and Bankruptcy Board of India (IBBI) proposes reforms to streamline the insolvency process for real estate companies and enhance protection for stakeholders.

Jet Airways Liquidated: End of an Era

November 7, 2024 18:42

Jet Airways, once a leading Indian airline, has been liquidated by the Supreme Court after years of financial troubles. The decision marks the end of an era for the airline and leaves thousands of...

NCLAT Rules IBC Prevails Over TRAI Act in RCom Case

November 7, 2024 12:02

The National Company Law Appellate Tribunal (NCLAT) has dismissed petitions by TRAI in the RCom insolvency case, stating that the IBC overrides the TRAI Act.

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...

IL''FS Resolves Rs 38,082 Cr Debt by Sep-end

November 6, 2024 11:59

IL''FS Group has discharged Rs 38,082 crore debt to creditors by September 30, 2024, as per an NCLAT filing. The firm aims to resolve a total of Rs 61,000 crore debt.

ED Seizes Rs 23 Crore in Noida''s Lotus 300 Homebuyer Fraud Case

October 29, 2024 18:57

The Enforcement Directorate (ED) attached assets worth over Rs 23 crore in Punjab in connection with a money-laundering probe against the promoters of Noida''s Lotus 300 real estate...

Surety Bonds: Regulatory Changes Key for Growth - Experts

October 27, 2024 18:21

Experts highlight regulatory changes needed to boost surety bond market in India, aiming to reduce reliance on bank guarantees and drive infrastructure development.

Adani Bid Drives Up KSK Mahanadi Power Offers

October 25, 2024 21:18

Adani Group's Rs 12,500 crore bid for KSK Mahanadi Power has sparked a bidding war, with other companies revising their offers upwards. This could lead to a full recovery for the distressed power...

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...

India to be World's 3rd Largest Economy by 2027: FM

October 21, 2024 22:25

India's Finance Minister predicts India will become the world's third-largest economy by 2027, highlighting the country's sustained growth and investment opportunities.

UCO Bank Q2FY'24: Bad Loan Recovery Improves via NCLT

October 20, 2024 18:00

UCO Bank recovers Rs 414 crore from bad loans through the NCLT mechanism in Q2FY'24, with significant improvement in asset quality. Gross NPA ratio falls to 3.18%, while domestic advances rise...

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...

BYJU'S Founder Offers to Repay Lenders Before Taking Money

October 17, 2024 22:12

BYJU'S founder Byju Raveendran says he's willing to pay back lenders before taking any money, hoping to resolve the company's insolvency proceedings. The edtech firm faces USD 1.5 billion claims...

Central Bank of India Acquires Stakes in Future Generali

October 15, 2024 19:26

The Competition Commission of India has approved Central Bank of India's acquisition of stakes in Future Generali India Insurance and Future Generali India Life Insurance. This acquisition is part...

DVC Acquires Hiranmaye Energy for Rs 1,500cr

October 15, 2024 18:44

Damodar Valley Corporation (DVC) has acquired Hiranmaye Energy for Rs 1,500cr, adding 300 MW to its capacity. This acquisition marks DVC's first foray into the power sector through acquisition.

Sudarshan Chemical Acquires Heubach Pigment Biz for Rs 1,180 Crore

October 11, 2024 16:14

Sudarshan Chemical Industries Ltd to acquire global pigment business operations of the Heubach Group of Germany for a total consideration of Euro 127.5 million (about Rs 1,180 crore).

DHFL Ex-Director Kapil Wadhawan Granted Bail in Yes Bank Fraud Case

October 10, 2024 21:35

A special CBI court granted bail to Kapil Wadhawan, former director of DHFL, in an alleged loan fraud case linked to Yes Bank, citing delay in trial. Wadhawan was arrested in April 2020 and has...

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...

Patanjali Foods Acquires Parent's Home & Personal Care Biz

October 8, 2024 20:34

CCI approves Patanjali Foods' Rs 1,100 crore acquisition of Patanjali Ayurved's home and personal care business, marking a significant step in its FMCG expansion.

NCLT Needs More Manpower Amid IBC Case Delays

October 1, 2024 21:33

The National Company Law Tribunal (NCLT) President calls for more manpower to address delays in insolvency cases under the IBC, emphasizing the need for a second generation of reforms.

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.

Rs 3.5 Lakh Cr Recovered Under IBC: Ravi Mital

October 1, 2024 17:25

Lenders have recovered Rs 3.5 lakh crore through resolution of stressed assets under the Insolvency and Bankruptcy Code (IBC) in the last eight years, IBBI Chairperson Ravi Mital said. The NCLT has...

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 Grants Time for Supertech Settlement

September 27, 2024 13:20

NCLAT grants Supertech Township Projects two weeks to circulate its settlement proposal to lenders and homebuyers. The tribunal also suggested the realty firm publish the proposal online for all...

IBBI Amends Rules for Improved Creditor Representation in Insolvency

September 26, 2024 22:12

The IBBI has amended insolvency rules to enhance creditor representation, particularly for large groups like homebuyers, ensuring their voices are heard during the process.

NCLAT Approves IECCL Resolution, ICICI Consortium Objects

September 26, 2024 16:04

NCLAT approves insolvency resolution of IL''FS Engineering and Construction Company Limited (IECCL), but ICICI-led consortium objects to the sale of IL''FS stake, seeking 100% sale.

Byju's Accused of Preferential Treatment to BCCI: Congress Cites SC Observation

September 26, 2024 14:57

Congress accuses Byju's of giving preferential treatment to BCCI in settling dues, citing SC's observation questioning the ed-tech firm's decision to clear only the cricket body's payment. Supreme...

NBCC Moves SC to Complete Supertech's Stalled Projects

September 24, 2024 19:27

NBCC seeks Supreme Court approval to complete 17 stalled Supertech projects, benefiting over 27,000 home buyers. The move follows a similar intervention in the Amrapali case.

Make in India Celebrates 10 Years: Success and Future

September 24, 2024 17:45

India's 'Make in India' initiative celebrates 10 years, boasting successes in manufacturing, investment, and job creation. Commerce Minister Goyal highlights key achievements and future prospects.

BYJU's Defaults on Term Loan B: Delaware Supreme Court Affirms

September 24, 2024 12:52

Delaware Supreme Court upholds ruling that BYJU's defaulted on Term Loan B, confirming lenders' right to take action against the edtech firm. The ruling follows BYJU's admission of default and...

SpiceJet Faces New Insolvency Plea: NCLT Issues Notice

September 23, 2024 14:33

SpiceJet faces another insolvency plea from an operational creditor, Techjockey Infotech Pvt Ltd, over unpaid software services. NCLT issues notice, next hearing on November 14.

Anil Ambani's Reliance Group Transformation: Debt Reduction & Fund Raising

September 22, 2024 18:03

Reliance Group, led by Anil Ambani, embarks on a transformation journey with debt reduction and fund raising initiatives. The group aims to solidify its financial position and invest in growth...

NCLAT Rejects Tax Claim Against RCom After Insolvency

September 21, 2024 13:43

The National Company Law Appellate Tribunal (NCLAT) has rejected a tax claim filed by the state tax department against Reliance Communications (RCom), observing that the assessment was made after...

Reliance Power Settles Rs 3,872 Crore Guarantor Obligations

September 18, 2024 13:01

Reliance Power has settled Rs 3,872 crore guarantor obligations for its subsidiary Vidarbha Industries Power, ending all disputes with CFM Asset Reconstruction Private Limited.

IBBI Urges Transparency in Insolvency Process | India News

September 17, 2024 20:50

IBBI Chairperson Ravi Mital emphasizes transparency from insolvency professionals during resolution, aiming to improve bids and reduce haircuts. Learn more about the IBC ecosystem.

BYJU'S Debt Dispute: US Lenders Demand Full $1.2 Billion Repayment

September 15, 2024 19:40

US lenders counter BYJU'S founder's claim on debt, demanding full repayment of $1.2 billion Term Loan B. The edtech firm is facing financial troubles and legal actions.

GQG Partners Boosts Patanjali Foods Stake by 1.24%

September 13, 2024 19:40

GQG Partners, backed by billionaire Rajiv Jain, increased its stake in Patanjali Foods by 1.24% for Rs 835 crore. The investment firm now holds 4.43% of the edible oil company.

Kulwant Singh Appointed IBBI Executive Director - Latest News

September 13, 2024 18:35

Kulwant Singh, a 1999 batch officer of the Indian Audit and Accounts Service, has taken charge as Executive Director of the Insolvency and Bankruptcy Board of India (IBBI).

Max Healthcare Acquires 64% Stake in Jaypee Healthcare for Rs 1,660 Cr

September 13, 2024 14:30

Max Healthcare Institute to acquire 64% stake in Jaypee Healthcare for Rs 1,660 crore, gaining control of its flagship 500-bed Jaypee Hospital in Noida.

Byju's Debt Claim Reduced to Rs 20 Cr, Glas Trust May Get No Money: Raveendran

September 9, 2024 16:48

Byju's founder Byju Raveendran says Glas Trust, representing US lenders, may not get any money from the disputed USD 1.2 billion loan due to their actions. The verified debt claim on Byju's is now...

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...

IIIPI Proposes Measures for Faster Insolvency Resolution

September 2, 2024 19:50

IIIPI recommends specialised NCLT benches and integrated case management software to expedite insolvency resolution under IBC. The study highlights the need for faster resolution of stressed assets.

Real Estate Boom: Indian Developers Sell Rs 35k Cr in Q1 FY25

September 1, 2024 15:51

India's top 21 listed real estate developers reported combined sales of Rs 35,000 crore in Q1 FY25, led by Godrej Properties. Strong consumer demand and a shift towards established brands drove the...

Suraksha Group Earmarks Land for Jaypee Infratech Lenders

August 29, 2024 14:03

Suraksha Group, which acquired Jaypee Infratech Ltd through insolvency, has earmarked 2,552 acres of land for lenders, including 2,372 acres for assenting lenders and 180 acres for ICICI. The group...

India Enters 'Transparent' Zone in JLL Real Estate Index

August 27, 2024 14:49

India's real estate market has achieved 'transparency', climbing to 31st in JLL's Global Real Estate Transparency Index 2024, driven by institutionalization and data access.

Naredco Urges Centre to Aid Stalled UP Housing Projects

August 26, 2024 18:54

Naredco's UP chapter seeks Centre's intervention to complete stalled housing projects, requesting relief measures including land dues rescheduling and project completion extensions.

Suraksha Group Invests Rs 250 Cr in Jaypee Infratech, Completes 20,000 Flats

August 25, 2024 15:13

Suraksha Group has infused Rs 250 crore in Jaypee Infratech after acquiring it through insolvency and secured a Rs 3,000 crore loan to complete 20,000 unfinished flats in Delhi NCR.

Surety Bonds for India's Infrastructure Development: Irdai Chairman

August 22, 2024 22:21

Irdai Chairman highlights the crucial role of surety bonds in supporting India's infrastructure development, emphasizing the need to address challenges and foster collaboration. A task force has...

Adani Power Acquires Lanco Amarkantak Power for Rs 4,101 Cr

August 22, 2024 20:51

Adani Power has received NCLT approval to acquire Lanco Amarkantak Power Ltd (LAPL) for Rs 4,101 crore. The acquisition will add 600 MW of thermal power capacity to Adani Power's portfolio.

Central Bank Wins Bid for Future's Insurance Stakes

August 21, 2024 17:21

Central Bank of India has emerged as the successful bidder for Future Enterprises Ltd.'s stake in Future Generali India Life Insurance and Future Generali India Insurance.

Byju's Salary Delay: SC Order & BCCI Dispute - Raveendran Explains

August 20, 2024 21:10

Byju's CEO Byju Raveendran explains why July salaries haven't been paid due to a Supreme Court order on the BCCI settlement. Learn about the ongoing legal disputes and financial challenges facing...

SKS Power Insolvency: Torrent, Vantage Point Seek Stay on Sarda Bid

August 20, 2024 19:10

Lenders of SKS Power Generation received Rs 1,950 crore from Sarda Energy, the successful bidder. Torrent Power and Vantage Point challenged the NCLT order, seeking a stay on the bid.

Reliance Group vs. IIHL: NCLT Restraint on Brand Name Use

August 19, 2024 18:57

Reliance Group has moved NCLT to prevent IIHL, Reliance Capital's resolution applicant, from using the 'Reliance' brand name following the implementation of the resolution plan.

Torrent Power Challenges Sarda Energy Bid for SKS Power

August 19, 2024 18:22

Torrent Power appeals NCLAT against approval of Sarda Energy's bid for SKS Power Generation, citing discriminatory selection process and higher upfront payment.

NCLAT Allows Mitsubishi to Encash Guarantee from Punj Lloyd

August 17, 2024 16:10

The NCLAT has ruled in favor of Mitsubishi Heavy Industries, allowing them to encash the performance guarantee provided by Punj Lloyd. The ruling overturns a previous NCLT order that had restrained...

Jaiprakash Associates Net Loss Widens to Rs 1,023 Cr in Q1

August 14, 2024 20:24

Jaiprakash Associates reports a widened net loss of Rs 1,023.44 crore in Q1 FY24, compared to Rs 180.80 crore in the same period last year. The company's total income increased to Rs 1,770.66 crore.

P C Jeweller Reports Rs 156 Cr Profit in June Quarter

August 14, 2024 15:16

P C Jeweller Ltd posted a net profit of Rs 156.06 crore in the June quarter, with revenue jumping over 5-fold to Rs 439.78 crore. The company's turnaround quarter saw a significant increase in...

NCLAT Stays Coffee Day Enterprises Insolvency Proceedings

August 14, 2024 13:13

The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), which operates Cafe Coffee Day chain, till the next hearing.

Insolvency Board Mandates Unique ID for Valuation Reports

August 13, 2024 19:26

The Insolvency and Bankruptcy Board of India (IBBI) will provide a unique identification number for valuation reports to ensure authenticity and verification under the Insolvency and Bankruptcy...

Oberoi Realty to Pay Rs 230 Crore for Nirmal Lifestyle Realty

August 12, 2024 20:22

Oberoi Realty has secured NCLT approval for its resolution plan for Nirmal Lifestyle Realty, involving a payment of Rs 230 crore to creditors and acquisition of the bankrupt firm.

NCLT Orders Insolvency Proceedings Against Coffee Day Enterprises

August 10, 2024 16:08

India's National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Cafe Coffee Day, due to a default of Rs 228.45 crore.

India's Budget 2024-25: Parliament Approves Finance Bill

August 8, 2024 20:15

The Indian Parliament has completed the budgetary exercise for fiscal 2024-25, approving the Finance Bill and Appropriation Bill, with Finance Minister Nirmala Sitharaman emphasizing investment and...

Sitharaman Questions AAP's Liquor Policy Loss: Delhi Exchequer Impact

August 8, 2024 19:53

Finance Minister Nirmala Sitharaman criticized AAP's liquor policy, questioning the loss to Delhi's exchequer and recalling AAP's allegations against Sheila Dikshit.

US Court Rejects GLAS's Attempt to Block Byju's BCCI Settlement

August 8, 2024 14:13

A US court has rejected GLAS Trust Company's application for a temporary restraining order aimed at blocking the settlement between Byju's and the BCCI. The ruling reinforces the validity of the...

IBC Resolution Time at NCLT Rises to 716 Days in 2023-24: Govt

August 6, 2024 20:55

The average time taken for insolvency resolution at the National Company Law Tribunal (NCLT) increased to 716 days in 2023-24, exceeding the stipulated 330-day timeline. The government attributes...

Byju Raveendran Files Caveat Against US Creditor

August 5, 2024 19:38

Byju Raveendran filed a caveat in the Supreme Court against a US-based creditor who opposed the settlement of Rs 158.9 crore dues with BCCI. The creditor alleged 'round-tripping'.

Byju's Wins NCLAT Case: Insolvency Proceedings Set Aside

August 2, 2024 19:05

Byju's celebrates a major victory as the NCLAT sets aside insolvency proceedings against the edtech company. The order also approves the company's dues settlement with BCCI.

NCLT Approves Record 269 Resolution Plans in FY24

August 2, 2024 18:20

NCLT approved 269 resolution plans in FY24, a 42% increase from the previous year. This rise is attributed to greater investor interest in stressed assets, appointment of new NCLT members, and...

Byju's Wins NCLAT Case, Settles BCCI Dispute

August 2, 2024 16:37

NCLAT approves a Rs 158 crore settlement between Byju's and BCCI, setting aside insolvency proceedings against the edtech giant. The tribunal also dismissed allegations of round-tripping by Byju's...

Byju's Settles BCCI Dues, Denies Round-Tripping

August 1, 2024 19:17

Byju's promoters told NCLAT that Rs 159 crore raised through share sale settled BCCI dues, denying round-tripping allegations. NCLAT continues hearing the case.

Byju's Settlement Deferred: NCLAT Probes 'Round-Tripping' Allegations

July 31, 2024 18:09

NCLAT defers decision on Byju's-BCCI settlement after US creditor alleges 'round-tripping' by Byju's founder. The tribunal seeks clarification on the source of funds.

Ex-VP of Insolvent Firm in ED Custody for Rs 975 Cr Bank Fraud

July 30, 2024 20:34

Priyavrat Mandhana, former VP of Mandhana Industries, arrested by ED in a money laundering case linked to Rs 975 crore bank fraud. He's in custody till Aug 2.

BCCI, Byju's in Settlement Talks: NCLAT Adjourns Case

July 30, 2024 15:01

The BCCI and Byju's are in talks to settle a Rs 158.9 crore debt dispute. The NCLAT adjourned the case to Wednesday, hinting at a possible resolution.

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...

Byju Raveendran's Byju Insolvency Plea Adjourned at NCLAT

July 29, 2024 12:09

Byju Raveendran's plea against insolvency proceedings of Byju's (Think & Learn) was adjourned at NCLAT as a judge recused himself. The matter will now be heard by a different bench.

Budget Criticized: Farm Laws, Corporatization & Farmers' Concerns

July 24, 2024 19:53

Samyukt Kisan Morcha condemns the Union Budget, claiming it favors corporatization and provides a backdoor entry to repealed farm laws, neglecting farmers' needs.

Union Budget: Employment-Centric, Pro-Agriculture, Pro-Business - SJM

July 24, 2024 16:40

Swadeshi Jagaran Manch (SJM) hails the Union Budget 2024-25, praising its focus on employment, agriculture, MSMEs, and entrepreneurship. SJM highlights key initiatives like internship programs,...

USIBC Lauds India Budget for Global Value Chain Integration

July 24, 2024 06:36

The US India Business Council (USIBC) has praised India's Union Budget 2024 for its focus on measures to increase integration into global value chains, calling it a key step in strengthening...

Budget 2023: Bankers Laud Growth Focus, Fiscal Discipline

July 23, 2024 19:44

Indian bankers have lauded the Union Budget 2023, commending its focus on growth and infrastructure development while maintaining fiscal discipline. They highlight positive implications for the...

Budget 2024-25: Fiscal Prudence & Economic Growth

July 23, 2024 17:11

Experts applaud India's Union Budget 2024-25 for maintaining fiscal prudence, focusing on capital expenditure and targeting a 4.9% fiscal deficit. The budget aims to stimulate economic growth and...

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...

Real Estate Outlook Encouraging: Economic Survey

July 22, 2024 14:19

India's Economic Survey forecasts a positive outlook for the real estate sector driven by urbanization and rising housing demand, but highlights stalled projects as a challenge.

Patanjali Foods Net Profit Surges 3-Fold to Rs 262.9cr

July 19, 2024 19:46

Patanjali Foods Ltd reports a significant jump in net profit for Q1 FY24, reaching Rs 262.90 crore, despite a decline in total income. The company's edible oils segment saw sales of Rs 5,330.33 crore.

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...

ICAI to Set Up Section 8 Company for Mediation & Arbitration

July 12, 2024 21:19

ICAI is establishing a Section 8 company for mediation and arbitration activities, as per directives from the Law Ministry. The move aims to enhance dispute resolution capabilities in India.

Simbhaoli Sugars Faces Insolvency: NCLT Orders Proceedings

July 12, 2024 19:49

The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Simbhaoli Sugars Ltd, a leading sugar company, on a petition filed by a former lender.

IBC Transparency & Faster Resolution for Better Recovery: IBBI Chief

July 12, 2024 17:20

IBBI chief urges insolvency professionals for transparency, faster resolution of stressed assets under IBC for better recovery, emphasizing genuine innovations and improved information memoranda.

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...

SBI Report: Time to Divest State-Owned Banks

July 8, 2024 16:07

SBI recommends disinvestment of public sector banks and consolidation of existing banks in its report. The report also calls for changes to the tax on deposit interest and improvements to the...

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.

ED Arrests 3 in Fraudulent Company Takeover

July 3, 2024 20:12

The Enforcement Directorate (ED) has arrested 3, including a CA, for allegedly defrauding a consortium of banks and regaining control of an insolvent company.

Jaiprakash Associates Insolvency: Lenders Reject OTS Proposal

July 3, 2024 16:26

Lenders of Jaiprakash Associates Ltd (JAL) have rejected the modified one-time settlement proposal submitted by the debt-ridden group. The NCLAT will now proceed with the insolvency proceedings.

Kapil Wadhawan Challenges Insolvency Proceedings - NCLAT

July 1, 2024 20:39

Kapil Wadhawan, former DHFL promoter, appeals NCLT order to initiate personal insolvency proceedings against him. The case has been adjourned to July 18.

IBBI Launches Electronic Forms for Liquidation Processes

June 30, 2024 18:46

The IBBI has introduced electronic forms for liquidation processes under the Insolvency and Bankruptcy Code (IBC) to ease compliance burden and enhance efficiency. These forms cover different...

Sebi Fines Kwality's Ex-MD, Others for Financial Misrepresentation

June 28, 2024 20:11

Sebi has penalized Kwality's former MD, Sanjay Dhingra, and other entities for misrepresenting the company's financials, leading to a fine of Rs 3.75 crore and a two-year market ban.

India's Budget to Accelerate Reforms & Make it 3rd Largest Economy

June 27, 2024 15:17

India's upcoming budget aims to accelerate reforms, boost economic growth, and propel the country to the world's third largest economy. President Droupadi Murmu outlines the government's vision for...

Supertech, Sunworld Lose Land Plots on Yamuna Expressway

June 26, 2024 20:47

YEIDA cancels land allotments to Supertech and Sunworld near Noida International Airport for pending dues. ATS Realty and Greenbay Infrastructure given time to clear their dues.

Jaiprakash Associates Insolvency: Lenders Doubt Settlement

June 24, 2024 22:20

Lenders raise concerns over Jaiprakash Associates' one-time settlement proposal, citing lack of conviction. NCLAT directs lenders to consider the proposal by July 3.

Siti Networks Insolvency Resolution Extended

June 24, 2024 17:44

Lenders of Siti Networks have sought more time to complete the insolvency resolution process of the debt-ridden firm. The CoC met last week to discuss timelines and process updates.

InvITs Should Be Under Bankruptcy Law: SBI MD

June 21, 2024 16:44

SBI MD Ashwini Kumar Tewari calls for bringing InvITs under the Insolvency and Bankruptcy Code, citing concerns over lender recovery in case of defaults. He also suggests changes in NBFC lending...

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.

RCap Resolution: NCLT Defers IIHL Deadline to June 25

June 20, 2024 18:55

The National Company Law Tribunal (NCLT) has deferred the matter regarding IIHL's plea for an extension of the deadline to complete Reliance Capital's resolution to June 25. The matter...

DPIIT holds consultation on further promoting ease of doing business with industry, other depts

June 19, 2024 19:58

The DPIIT sought inputs from industry and other ministries on promoting ease of doing business in India, focusing on Jan Vishwas law 2.0, World Bank's Business Ready index, and the National Single...

NCLAT directs NCLT to hear afresh insolvency plea by APL Apollo Tubes

June 17, 2024 19:13

The National Company Law Appellate Tribunal (NCLAT) has directed the NCLT to rehear the insolvency plea filed by APL Apollo Tubes against a purchaser of its goods. The NCLAT criticized the NCLT for...

'Marwari' school of business keeps 3 generations of Ruia family under one roof

June 17, 2024 13:47

Essar's Ruia family, spanning 3 generations, defies the trend of family business feuds, staying united under one roof and jointly running the business empire.

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...

SpiceJet Faces Insolvency Plea: NCLT Hearing on Aug 2

June 13, 2024 21:24

SpiceJet faces insolvency proceedings as engine lessor Engine Lease Finance files a plea with NCLT, claiming USD 12 million in unpaid dues. The case is scheduled for hearing on August 2.

Reliance Capital Resolution: NCLT Hearing on June 20

June 13, 2024 19:14

The NCLT will hear IIHL's plea for an extension to complete Reliance Capital's resolution on June 20. The Hinduja Group firm is the successful bidder for the debt-ridden company.

Cement Market Consolidation: Top 5 Players to Reach 55% by 2025

June 13, 2024 14:11

ICRA report forecasts top 5 cement players in India to reach 55% market share by 2025, driven by organic and inorganic growth. Consolidation expected in industry.

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.

Jaypee Infratech Delists Shares, Appoints New CFO

June 13, 2024 10:42

Jaypee Infratech, now under Suraksha Group control, appoints new CFO and will delist shares. Suraksha Group will infuse Rs 125 crore to complete unfinished projects.

Suraksha Group Invests Rs 125 Cr in Jaypee Infratech

June 12, 2024 10:50

Suraksha Group has infused Rs 125 crore in Jaypee Infratech, acquired through insolvency, to complete 20,000 unfinished flats in Delhi NCR and settle bank dues.

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...

IBBI Streamlines IP Appointment Process - New Guidelines

June 6, 2024 22:15

The Insolvency and Bankruptcy Board of India (IBBI) has issued new guidelines to streamline the appointment of insolvency professionals (IPs) as interim resolution professionals, liquidators, and...

Suraksha Group Takes Over Jaypee Infratech: Relief for Homebuyers

June 5, 2024 13:21

Suraksha Group has taken over Jaypee Infratech, bringing relief to over 20,000 homebuyers. The group will infuse Rs 125 crore to start construction of stalled projects.

NCLT Initiates Insolvency Against Jaiprakash Associates

June 3, 2024 18:48

The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Jaiprakash Associates Ltd, admitting a plea filed by ICICI Bank. The move comes after JAL, the flagship firm of...

RBI Warns of 'Tainted' Promoters Misusing ARC Route

May 31, 2024 20:58

RBI Deputy Governor M Rajeshwar Rao expresses concern over 'tainted' promoters misusing the ARC route to enter bankruptcy proceedings and calls for improved governance practices in ARCs.

NCLAT Reopens Eagle Fashions Bid for Sumeet Industries

May 31, 2024 19:11

The National Company Law Appellate Tribunal (NCLAT) has asked NCLT to reconsider Eagle Fashions'' bid for debt-ridden Sumeet Industries, setting aside an earlier rejection.

Sebi Launches Settlement Calculator for Simplified Process

May 30, 2024 22:20

Sebi introduces a beta version of the settlement calculator to streamline the process of determining settlement amounts and enhance transparency. The calculator provides guidelines for indicative...

NCLT Replaces Resolution Professional in Subhash Chandra's Insolvency Case

May 30, 2024 22:06

The National Company Law Tribunal (NCLT) has replaced the resolution professional in the insolvency proceedings against Zee founder Subhash Chandra, following a plea by Chandra. Shiv Nandan Sharma...

IBC Success: FM Slams Congress for Regressive Policies

May 30, 2024 19:12

Finance Minister Nirmala Sitharaman highlights the success of the Insolvency and Bankruptcy Code (IBC), criticizing Congress for hindering economic growth with regressive policies.

Jet Airways Delays FY24 Results, Resolution Plan Underway

May 30, 2024 17:12

Jet Airways announces delay in FY24 results due to implementation of the approved resolution plan. The monitoring committee will meet to review financial performance.

SpiceJet Faces Insolvency Plea by Engine Lease Finance

May 29, 2024 19:13

Engine Lease Finance has filed an insolvency petition against SpiceJet in the NCLT over USD 12 million in unpaid lease payments for eight engines. This follows a previous dispute and settlement...

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.

NCLAT Upholds Adani Goodhomes Bid for Radius Estate

May 28, 2024 16:53

NCLAT has upheld Adani Goodhomes' resolution plan for Radius Estate, giving creditors a 93% haircut. The plan was opposed by dissenting financial creditors, but the tribunal said it was 'commercial...

Busy Bee Airways Withdraws Go First Bid

May 25, 2024 17:40

Busy Bee Airways, owned by EaseMyTrip's CEO Nishant Pitti, has withdrawn its bid for Go First, which is undergoing an insolvency resolution process. The decision comes after the Delhi High Court...

NCLAT Defers Google Play Store Billing Hearing to July 5

May 24, 2024 16:40

The NCLAT has deferred the hearing on petitions against Google's Play Store billing policy to July 5. Indian app developers challenged CCI's decision not to grant interim relief against the policy.

NCLAT Upholds Jaypee Infra Acquisition, Suraksha to Pay More

May 24, 2024 15:39

NCLAT upholds Suraksha Realty's bid to acquire Jaypee Infratech but orders additional Rs 1,300 crore payment for farmers' compensation. The decision provides relief to homebuyers.

Sebi Proposes Relaxation in AIF Valuation Norms

May 23, 2024 19:08

Sebi seeks public feedback on proposed changes to valuation norms for alternative investment funds (AIFs), including relaxation for unlisted securities and valuation methodology.

RCap Seeks 90-Day Extension to Implement Resolution Plan

May 23, 2024 13:52

Reliance Capital administrator has requested a 90-day extension from NCLT to implement the resolution plan submitted by the Hinduja Group. The deadline for implementation was originally May 27, 2024.

Real Estate Case Resolution under IBC: Study Highlights Reforms

May 20, 2024 19:22

A study by the Indian Institute of Insolvency Professionals highlights the need for legal and administrative reforms to streamline real estate case resolution under the Insolvency and Bankruptcy...

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.

Salasar Techno Engineering Acquires EMC for Rs 178 Crore

May 8, 2024 15:05

Salasar Techno Engineering Ltd (STEL) has completed the acquisition of EMC Ltd for Rs 178 crore. The acquisition was made through an insolvency process and will strengthen STEL's position in the...

IIIPI Cuts Membership Fees for Insolvency Professionals

May 7, 2024 22:10

The Indian Institute of Insolvency Professionals of ICAI (IIIPI) has reduced the annual membership fee for insolvency professionals and Insolvency Professional Entities (IPEs) by 50%.

IIIPI to Peer Review Insolvency Professional Entities

May 7, 2024 18:03

The Indian Institute of Insolvency Professionals of ICAI (IIIPI) will bring support services provided by Insolvency Professional Entities (IPEs) under peer review. This move will help assess the...

Jaiprakash Associates Defaults on Rs 4,616 Cr Loans

May 7, 2024 10:26

Jaiprakash Associates has defaulted on Rs 4,616 crore in loans, including principal and interest. The company is undergoing restructuring and has been selling assets to reduce debt.

India Aims for High Ranking in World Bank's Business Ready Report

May 5, 2024 13:40

India's commerce ministry is working to improve its ranking in the World Bank's upcoming Business Ready report, focusing on international trade. The report, replacing the Doing Business...

Go First Future Uncertain: Liquidation Fears, Revival Hopes Dim

May 5, 2024 11:12

Go First's fate hangs in the balance as the deadline for resolution approaches. Liquidation fears loom, while revival hopes are muted. Learn about the ongoing legal battles, bidders, and the...

NCLT Debt Resolution Cases Surge 43% in 2023-24: IBBI

May 4, 2024 16:37

The National Company Law Tribunal (NCLT) saw a 43% increase in debt resolution cases in 2023-24, with the Insolvency Bankruptcy Board of India (IBBI) emphasizing mediation and prepackaged insolvency.

Go First Plane Deregistration: Engines && Spare Parts Delay Removal - PTI

May 2, 2024 16:02

Go First's 54 deregistered planes face delays in removal due to engine and spare parts shortages. Lessors may take months to fly them out, impacting airline's revival.

Patanjali Foods Faces GST Dues Show Cause Notice - Rs 27.46 Crore

April 30, 2024 10:29

Patanjali Foods received a show cause notice from GST intelligence department for Rs 27.46 crore input tax credit recovery. The company will defend its case.

Patanjali Foods Faces GST Dues: Rs 27.46 Crore Input Tax Credit Under Scrutiny

April 29, 2024 23:06

Patanjali Foods has received a show cause notice from GST intelligence for potential recovery of Rs 27.46 crore in input tax credit. The company plans to defend its case.

FinMin Studies HC Order on PSBs & Wilful Defaulters

April 29, 2024 15:51

The Finance Ministry is studying a Bombay High Court order that restricts public sector banks from seeking look out circulars against wilful defaulters. The court deemed the practice arbitrary and...

Go First: Busy Bee Airways to Evaluate Bid After Court Order

April 26, 2024 21:21

Busy Bee Airways, a bidder for bankrupt Go First, will review a court order allowing lessors to reclaim leased planes before adjusting its offer. The airline aims to proceed respecting legal...

NCLT Orders Insolvency Against Subhash Chandra: Zee Chairman Emeritus

April 22, 2024 22:25

The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against media baron Subhash Chandra on a plea filed by Indiabulls Housing Finance. The order comes after a loan default...

NCLT Orders Insolvency Against Subhash Chandra

April 22, 2024 21:07

The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against media baron Subhash Chandra, a guarantor for a loan given to Essel group firm Vivek Infracon Ltd.

SC Upholds IBC Trial Jurisdiction: Special Courts Can Hear Complaints

April 19, 2024 17:35

The Supreme Court has ruled that special courts presided over by sessions judges can hear complaints under the Insolvency and Bankruptcy Code (IBC), overturning a Bombay High Court decision.

India Offers Diversified Investment Opportunities: Srini Sriniwasan

April 16, 2024 09:48

Srini Sriniwasan, Managing Director of Kotak Alternate Asset Managers, highlights India's strong growth prospects and diversified investment opportunities, citing digital infrastructure and...

Vedanta Secures Rs 3,900 Cr Loan for Power Projects

April 15, 2024 18:05

Vedanta Ltd has secured a Rs 3,918 crore loan from PFC to expedite completion of its power projects, aiming to reach 4.8 GW capacity by FY27.

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.

NFRA Fines Auditors for Reliance Capital Audit Lapses

April 15, 2024 13:14

The National Financial Reporting Authority (NFRA) has fined Pathak H D & Associates, Parimal Kumar Jha and Vishal D Shah for auditing lapses in Reliance Capital's financials in 2018-19. The...

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...

Dream11: NCLAT Stays Insolvency, Orders Company to Remain Operational

April 4, 2024 21:11

The NCLAT has directed the interim resolution professional of Dream11 to maintain the company as a going concern and not take any steps towards insolvency.

NCLAT Blocks NHAI from Terminating IL&FS Concession

April 4, 2024 16:43

NCLAT has ordered NHAI not to terminate the concession agreement of an IL&FS entity, Baleshwar Kharagpur Expressway Ltd, as its insolvency resolution is nearing completion.

Money Anxiety? Your Financial Attachment Style Can Help

April 4, 2024 09:45

Struggling with money anxiety? Learn how your financial attachment style, shaped by childhood experiences, can impact your relationship with money and how to improve it.

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...

Blackstone to Invest USD 2 Billion Annually in India

April 3, 2024 17:14

Blackstone Group plans to invest USD 2 billion annually in India, seeking faster M&A clearances and easier privatization. The firm highlights India's strong economic momentum and potential in...

Byju's Denies Siphoning Funds, Says Term Loan B Proceeds Held by Subsidiary

March 5, 2024 21:59

Edtech major Byju's denies allegations of siphoning funds from USD 1.2 billion Term Loan B, stating the proceeds are held by its non-US subsidiary. Byju's claims the funds were transferred from...

India's Economic Reforms: Govt Plans More | PTI

March 5, 2024 10:33

India's government plans more economic reforms, aiming for 3rd largest economy by 2047. Corporate Affairs Secretary Manoj Govil spoke at NFRA's conference.

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....

IndusInd International Wins RCap Bid for Rs 9,650 Crore

February 27, 2024 20:59

NCLT approves IndusInd International Holdings' Rs 9,650 crore resolution plan for Reliance Capital, resulting in a 63% haircut for lenders. Learn more about the deal and its implications.

Byju's EGM: Investors Seek Raveendran Ouster, File Suit

February 23, 2024 16:55

Investors at Byju's EGM seek to oust founder CEO Byju Raveendran and his family, citing mismanagement. They filed a lawsuit before NCLT.

Byju's EGM: Investors Seek Ouster of Raveendran, File Suit

February 23, 2024 13:59

Byju's shareholders hold an EGM to vote on a resolution to oust founder CEO Byju Raveendran and his family over alleged mismanagement. Investors file suit in NCLT.

Byju's Investors Sue Co-founder Raveendran for Mismanagement

February 23, 2024 12:46

Investors of Byju's filed an oppression and mismanagement suit against co-founder Raveendran and others, seeking his removal from the board and a new CEO.

Uday Kotak: Regulators Shouldn't Be Too Conservative, Need Fast Response

February 21, 2024 18:47

Veteran banker Uday Kotak urges regulators to be swift in addressing financial sector 'accidents' while maintaining a balanced approach. He highlights the importance of a dynamic regulatory...

FM Urges Regulators to Curb Unauthorised Lending Apps

February 21, 2024 17:40

India's Finance Minister has called on financial regulators to take further action to combat the spread of unauthorized lending through online apps, citing concerns about financial stability.

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...

Banks to Review Advocate Performance for Faster Debt Recovery

February 17, 2024 21:25

Finance Ministry directs banks to periodically review the performance of empanelled advocates at debt recovery tribunals (DRTs) to expedite case resolution.

SpiceJet, Busy Bee, Sky One Bid for Grounded Go First

February 17, 2024 00:10

SpiceJet's Ajay Singh, Busy Bee Airways and Sky One have submitted bids for bankrupt Go First, which ceased operations last year. The bids aim to revive the airline and leverage its assets.

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.

SpiceJet, Busy Bee, Sky One Bid for Grounded Go First

February 16, 2024 20:11

SpiceJet's Ajay Singh, Busy Bee Airways, and Sky One have submitted bids for bankrupt Go First, which has been grounded for over nine months. The bids come as SpiceJet raises funds and rationalizes...

Company Name
Price
Volume

Vodafone Idea L
8.21 ( -0.97)
32294573

Rajnish Wellness
1.76 ( -4.35)
20289674

YES Bank Ltd.
20.84 (+ 3.63)
19341545

Filatex Fashions
0.97 (+ 4.30)
19139371

AvanceTechnologies
0.91 ( 0.00)
18843505

Hyundai Motor Group Invests in Battery Research...

Hyundai Motor Group partners with IIT Delhi, IIT Bombay, and IIT Madras to establish a...

Mother Dairy to Distribute Bharat Organics in...

Mother Dairy partners with National Cooperative Organics Ltd (NCOL) to distribute...

Rupee Recovers From All-Time Low, Rises 3 Paise...

The Indian rupee recovered from its all-time low, gaining 3 paise to 84.69 against the...

Moneywiz Live!

ALL MONEYWIZ PAGES

Stocks	Mutual Funds		Investment tracking
A-Z Gainers - Daily \| Weekly \| Monthly Losers - Daily \| Weekly \| Monthly Group-wise listing IPO \| Top IPOs Recent IPOs \| IPO News Similar Price band Most traded - By volumes Top 100 - By market capitalisation Latest Company Results Management Speaks Market News	Top 25 schemes High-risk, High-returns Medium-risk, Medium-returns Low-risk, Low-returns Gilt Funds Funds of Funds Special Funds Liquid Funds Dynamic Asset Allocation NFOs MF Selector	Equity - ELSS Equity - Index Funds Equity - Sector Funds Equity - Balance Fund Equity - Diversified Fund MF News Budget 2024	My Portfolio My Watch List If You Had Invested... Global Indicators Forex Converter Market Indices Sectoral Indices World Indices Market Astrology Advertise with us

Search result for 'insolvency'

NCLAT Approves IL&amp;FS Subsidiary Sale to Bidder

SpiceJet Resolves Dispute with Aircastle, Withdraws Insolvency Case

GAIL Revives Mangalore PTA Plant: INEOS Partnership

NCLAT Dismisses Amazon Wholesale Insolvency Plea

Govt. Working on Integrated Platform for Insolvency Ecosystem

India's Insolvency Law: Rs 3.55 Lakh Crore Recovered - Business Standard

Patanjali Ayurved Revenue Up 23% in FY24

NCLAT Limits Raheja Insolvency to One Project

IBBI Proposes Mandatory Monitoring Committees for IBC Resolution Plans

Raheja Developers Challenges Insolvency Over Shilas Project

Raheja Developers Faces Insolvency Over Gurgaon Project Delay

SpiceJet Faces More Insolvency Petitions, NCLT Issues Notices

Jaypee Infratech Posts Rs 88.2 Cr Profit in Q2 - Suraksha Group Takes Control

Jaypee Infratech CEO Resigns, Abhijit Gohil Appointed

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

IL''FS Resolution Deadline Extended to March 2025

Reliance Power Reports Rs 2,878 Crore Net Profit

String Metaverse Reports Rs 12 Crore Profit in H1 FY25

PSBs Show Robust Growth in H1 FY25: FinMin

Cox &amp; Kings Travel Brand Returns Under Wilson &amp; Hughes

Sebi Expands Scope of Unpublished Price-Sensitive Info

IBBI Proposes Real Estate Insolvency Reforms

Jet Airways Liquidated: End of an Era

NCLAT Rules IBC Prevails Over TRAI Act in RCom Case

IBBI Proposes Mediation for Operational Creditors Before Insolvency

IL''FS Resolves Rs 38,082 Cr Debt by Sep-end

ED Seizes Rs 23 Crore in Noida''s Lotus 300 Homebuyer Fraud Case

Surety Bonds: Regulatory Changes Key for Growth - Experts

Adani Bid Drives Up KSK Mahanadi Power Offers

NCLT Orders Insolvency Proceedings Against Spaze Towers

India to be World's 3rd Largest Economy by 2027: FM

UCO Bank Q2FY'24: Bad Loan Recovery Improves via NCLT

NCLAT Closes JHL Insolvency After Max Healthcare Settlement

BYJU'S Founder Offers to Repay Lenders Before Taking Money

Central Bank of India Acquires Stakes in Future Generali

DVC Acquires Hiranmaye Energy for Rs 1,500cr

Sudarshan Chemical Acquires Heubach Pigment Biz for Rs 1,180 Crore

DHFL Ex-Director Kapil Wadhawan Granted Bail in Yes Bank Fraud Case

Syska LED Lights Faces Insolvency Proceedings: NCLT Orders CIRP

Patanjali Foods Acquires Parent's Home & Personal Care Biz

NCLT Needs More Manpower Amid IBC Case Delays

SC Allows NBCC to Complete Supertech's Stalled Projects

Rs 3.5 Lakh Cr Recovered Under IBC: Ravi Mital

Future Lifestyle Fashions Approved by Space Mantra Consortium

NCLAT Grants Time for Supertech Settlement

IBBI Amends Rules for Improved Creditor Representation in Insolvency

NCLAT Approves IECCL Resolution, ICICI Consortium Objects

Byju's Accused of Preferential Treatment to BCCI: Congress Cites SC Observation

NBCC Moves SC to Complete Supertech's Stalled Projects

Make in India Celebrates 10 Years: Success and Future

BYJU's Defaults on Term Loan B: Delaware Supreme Court Affirms

SpiceJet Faces New Insolvency Plea: NCLT Issues Notice

Anil Ambani's Reliance Group Transformation: Debt Reduction & Fund Raising

NCLAT Rejects Tax Claim Against RCom After Insolvency

Reliance Power Settles Rs 3,872 Crore Guarantor Obligations

IBBI Urges Transparency in Insolvency Process | India News

BYJU'S Debt Dispute: US Lenders Demand Full $1.2 Billion Repayment

GQG Partners Boosts Patanjali Foods Stake by 1.24%

Kulwant Singh Appointed IBBI Executive Director - Latest News

Max Healthcare Acquires 64% Stake in Jaypee Healthcare for Rs 1,660 Cr

Byju's Debt Claim Reduced to Rs 20 Cr, Glas Trust May Get No Money: Raveendran

Go First Insolvency Deadline Extended: NCLT Asks Promoters to Reply

IIIPI Proposes Measures for Faster Insolvency Resolution

Real Estate Boom: Indian Developers Sell Rs 35k Cr in Q1 FY25

Suraksha Group Earmarks Land for Jaypee Infratech Lenders

India Enters 'Transparent' Zone in JLL Real Estate Index

Naredco Urges Centre to Aid Stalled UP Housing Projects

Suraksha Group Invests Rs 250 Cr in Jaypee Infratech, Completes 20,000 Flats

Surety Bonds for India's Infrastructure Development: Irdai Chairman

Adani Power Acquires Lanco Amarkantak Power for Rs 4,101 Cr

Central Bank Wins Bid for Future's Insurance Stakes

Byju's Salary Delay: SC Order &amp; BCCI Dispute - Raveendran Explains

SKS Power Insolvency: Torrent, Vantage Point Seek Stay on Sarda Bid

Reliance Group vs. IIHL: NCLT Restraint on Brand Name Use

Torrent Power Challenges Sarda Energy Bid for SKS Power

NCLAT Allows Mitsubishi to Encash Guarantee from Punj Lloyd

Jaiprakash Associates Net Loss Widens to Rs 1,023 Cr in Q1

P C Jeweller Reports Rs 156 Cr Profit in June Quarter

NCLAT Stays Coffee Day Enterprises Insolvency Proceedings

NCLAT Approves IL&FS Subsidiary Sale to Bidder

Cox & Kings Travel Brand Returns Under Wilson & Hughes

Byju's Salary Delay: SC Order & BCCI Dispute - Raveendran Explains

Budget 2024-25: Fiscal Prudence & Economic Growth