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...
Supreme Infrastructure completes ₹2,200 crore debt settlement, clears path for revival
Supreme Infrastructure India Limited, an infrastructure development and construction company, has implemented its court-sanctioned Scheme of Compromise and completed its...
NCLT starts personal insolvency of Himadri Foods guarantor Sanjay Karani, four years after the spice maker’s resolution
The Mumbai bench of the National Company Law Tribunal (NCLT) has started personal insolvency proceedings against Sanjay Laxmichand Karani, personal...
Statomat Special Machines liquidator cuts reserve price, puts Navi Mumbai unit back on the block for Rs 25.28 cr
The liquidator of Statomat Special Machines (India) Private Limited has put the company's Navi Mumbai factory and machinery up for...
ABG Shipyard liquidator puts three Gujarat land parcels on block at ₹42 cr
The liquidator of ABG Shipyard Ltd has put three parcels of industrial land in Gujarat on the block at a...
IBBI tightens insolvency rules for real estate projects, strengthens homebuyer protection
The Insolvency and Bankruptcy Board of India (IBBI) has tightened the insolvency resolution framework for real estate companies, introducing project-wise...
Infra fund of L&T Finance puts stuck investments on the block; claims ₹1,081 crore on ₹140 crore deployed
L&T Infra Investment Partners (LTIIP), a SEBI-registered Category I infrastructure fund sponsored by L&T Finance, is inviting bids for its...
IOB to sell Rs 470-cr stressed loans to ARCs; account include that of fraud-hit Indian Technomac
Indian Overseas Bank (IOB) has put eight stressed loan accounts up for sale to asset reconstruction companies (ARCs) and other...