Three years after IBC rescue, Sical Logistics revenue surges but profit depends on asset sales
Sical Logistics has sharply increased its business since it was rescued under the Insolvency and Bankruptcy Code in 2023, but...
Liquidator puts Grids Steel & Alloys’ Cuttack plant on the block for ₹32.56 crore
The liquidator of Grids Steel & Alloys Ltd, an Odisha steel company under liquidation, has invited bids for its plant...
Majestic Hotels CIRP: Lenders push EoI deadline for Ludhiana’s Park Plaza hotel to October 16
The committee of creditors (CoC) of Majestic Hotels Ltd, which owns the Majestic Park Plaza hotel on Ferozepur Road in...
Metal Closures liquidator puts Himachal factory up for sale at ₹12.1 crore, seven years after liquidation was ordered
The liquidator of Bengaluru-based Metal Closures Pvt Ltd has put the company's factory at Mogi Nand in Himachal Pradesh up...
DRT moves to attach Vijay Choudhary’s Lokhandwala flat over ₹52.81-crore PNB dues of Zoom Vallabh Steel
The Debts Recovery Tribunal-I, Delhi, has begun proceedings to attach a residential property in Mumbai's Lokhandwala Complex. The case concerns...
Suspended director wins back Sapphire Hospitals under IBC; lenders recover 11% of ₹213 crore dues
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved a ₹26.25 crore resolution plan for Sapphire Hospitals...
NCLT approves Hynite Farms’ ₹138.7-crore plan for stalled Greater Noida project Manorath
The New Delhi bench of the National Company Law Tribunal (NCLT) has approved Gurugram-based Hynite Farms Pvt Ltd's resolution plan...
India doesn’t need a better insolvency law; it needs a turnaround ecosystem
A decade after the Insolvency and Bankruptcy Code, India has largely settled one question: can creditors enforce their rights? The...
Hero FinCorp puts Rs 258-crore stressed unsecured loan pool on the block, seeks 95% haircut
Hero FinCorp Ltd, the non-banking finance arm of the Hero Group, has invited asset reconstruction companies (ARCs) to bid for...
NCLT clears ex-director’s Rs 18.23-crore bid for Raninga Paper Mills, but ring-fences Rs 20-crore-plus ‘NIL-value’ assets for SBI
The National Company Law Tribunal's Ahmedabad bench has approved a Rs 18.23-crore resolution plan by Chandresh Lalitbhai Soni, a suspended...