RBI eases risk weight norms for bank exposures to NBFCs, reverses earlier hike
In a significant move to ease liquidity pressures on Non-Banking Financial Companies (NBFCs), the Reserve Bank of India (RBI) has...
NCLT orders liquidation of Ernakulam-based Greenlace Builders and Developers
In a significant development, the National Company Law Tribunal (NCLT), Kochi Bench, has ordered the liquidation of Greenlace Builders and...
NCLT Admits RBI’s Insolvency Plea Against Aviom India Housing Finance
The National Company Law Tribunal (NCLT), New Delhi Bench, has admitted the corporate insolvency resolution process (CIRP) plea filed by...
NCLT approves Rs 343-crore resolution plan for Snehanjali and SB Developers
The National Company Law Tribunal (NCLT), Mumbai Bench-VI, has approved the Rs 343-crore resolution plan for Snehanjali and SB Developers...
SC stays NCLAT order asking NBCC to build stalled projects of Supertech
The Supreme Court of India has stayed the National Company Law Appellate Tribunal's (NCLAT) order appointing NBCC (India) Limited as...
NCLT Mumbai approves ₹44.5 crore resolution plan for Vidhant Realty
The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Cubical Realty Pvt...
Anil Ambani’s Reliance Big sold to ACME Group founder for Rs 3.5 crore
The financial creditors of would take a 99.5% haircut in the resolution of erstwhile Anil Ambani-promoted Reliance Big Private Limited’s...
IL&FS Group to make interim payment of Rs 5,000 crore to creditors
IL&FS Group companies have initiated an interim distribution of Rs 5,000 crore – including Rs 3,500 crore of Infrastructure Investment...
What is all the fuss about Mumbai-based New India Co-operative Bank
The Reserve Bank of India (RBI) has taken decisive action against New India Co-operative Bank Ltd., Mumbai, by superseding its...
NCLT approves JSW Energy’s Rs 16,000cr resolution plan for KSK Mahanadi Power
The Hyderabad bench of the National Company Law Tribunal (NCLT) has officially approved the Rs 16,084-crore resolution plan proposed by...