NCLT finds Reliance Communication arm’s Rs 3,000-crore-plus resolution plan unimplementable
The National Company Law Tribunal’s Mumbai Bench-I has held that the resolution plan for Reliance Communications Infrastructure Ltd, approved by...
NBCC moves Supreme Court against NCLAT refusal to relax RERA norms for Supertech projects
State-owned NBCC (India) Ltd has moved the Supreme Court against an order of the National Company Law Appellate Tribunal (NCLAT)...
Unitech homebuyers seek urgent appointment of CMD as projects remain stalled
Unitech homebuyers have stepped up their demand for the immediate appointment of a chairman and managing director (CMD) for the...
Bombay HC allows Tata Capital to pursue arbitration against personal guarantors after IBC moratorium ends
The Bombay High Court has allowed Tata Capital to pursue arbitration proceedings and seek protection of assets against the personal...
Liquidator must get NCLT nod before starting legal proceedings, but defect can be cured: Bombay HC
The Bombay High Court has ruled that a liquidator must obtain prior approval of the National Company Law Tribunal (NCLT)...
IBBI flags misuse of insolvency process to settle debts, evade liabilities
The Insolvency and Bankruptcy Board of India (IBBI) has flagged instances of companies using the corporate insolvency resolution process (CIRP)...
ED to Delhi HC: 42% of Jaypee homebuyers’ funds diverted to F1 track, hospital, and other ventures
In a major revelation in the long-running Jaypee Infratech case, the Enforcement Directorate (ED) informed the Delhi High Court that...
ED arrests insolvency professional in Best Foods money laundering case
The Enforcement Directorate (ED) has arrested insolvency professional Jitesh Gupta in connection with its money laundering probe arising from the...
NCLT admits Howrah wagon rebuilder Oscorp Industries to insolvency, rejects ‘joint venture’ defence
The National Company Law Tribunal's Kolkata bench has admitted Oscorp Industries Private Limited, a Howrah-based railway wagon rebuilder, into the...
Karvy Digikonnect faces insolvency resolution after unpaid dues dating back to 2019
Karvy Digikonnect Ltd, a Hyderabad-based services company, has invited bids from prospective resolution applicants after the National Company Law Tribunal...