Indian Overseas Bank puts MSME bad-loan portfolio on the block for ARCs
Indian Overseas Bank (IOB) has invited bids from asset reconstruction companies (ARCs) and other permitted buyers for a portfolio of...
Mesco’s 8.6 lakh tonnes of iron ore lie unsold eight years after Odisha shut its Roida-I mine
Mideast Integrated Steels Ltd (Mesco) says about 8.6 lakh tonnes of iron ore are still lying unsold at its former...
IVRCL liquidator moves NCLT against Balaram Reddy Eragam, others over fraudulent transactions
The liquidator of IVRCL Ltd, the Hyderabad-based infrastructure company that collapsed under heavy debt, has asked the National Company Law...
NCLT starts insolvency process against Orchid Pharma founder K Raghavendra Rao
The Chennai Bench-II of the National Company Law Tribunal (NCLT) has started insolvency resolution proceedings against K Raghavendra Rao, founder...
SBI, liquidator team up to sell Stan Autos’ Ludhiana showroom in rare twin auction
State Bank of India and the liquidator of Stan Autos Private Limited will auction a Ludhiana auto showroom together next...
NCLT clears Fastway’s ₹231.5-crore plan for Quadrant Televentures; DoT’s licence dues settled under plan
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved Fastway Transmissions Pvt Ltd's Rs 231.50-crore resolution plan...
NCLT declares Videocon’s Venugopal Dhoot bankrupt over Rs 12,668-crore SBI dues
The National Company Law Tribunal (NCLT) has declared Venugopal Nandlal Dhoot, former promoter and director of Videocon Industries Ltd, bankrupt...
IDBI Bank moves to tag liquidated Ushdev International as fraud; show-cause notice comes back unserved
IDBI Bank has started proceedings to classify Ushdev International Ltd, a metals trader now in liquidation, as a fraud account....
IL&FS road arm West Gujarat Expressway admitted to insolvency; creditors asked to file claims by November 16
The National Company Law Tribunal (NCLT) has admitted West Gujarat Expressway Ltd (WGEL), a road company in the IL&FS group,...
Central Bank-led lenders put Jain Sarvodaya Vidhya Gyanpeeth Samiti loan on the block; ₹135-crore anchor bid in hand
A consortium of lenders led by Central Bank of India has started selling its stressed loan exposure to Jain Sarvodaya...