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...
Rotomac’s Kanpur, Ahmedabad properties on the block; liquidator sets Rs 188.53 crore reserve across 13 blocks
The liquidator of Rotomac Global Pvt Ltd, the Kanpur pen maker at the centre of one of the country's largest...
Konaseema Gas Power’s 445 MW plant back on the block; liquidator sets Rs 185.18 crore reserve across four lots
The liquidator of Konaseema Gas Power Ltd (KGPL) has invited fresh bids for the company's 445 MW natural gas-based combined...
Metal Closures assets worth Rs 111.40 crore up for e-auction under insolvency process
Assets of Bengaluru-based Metal Closures Pvt Ltd, currently undergoing liquidation under the Insolvency and Bankruptcy Code (IBC), will be put...
Creditors stake ₹762.74-crore claims against Future Group brand arm
Creditors have filed claims of Rs 762.74 crore against Future Brands Ltd, the Future Group entity that owned and licensed...
NCLT clears Goldstar Realtors’ ₹187.45-crore plan for Greater Noida builder ANS Apartments after
The National Company Law Tribunal's New Delhi bench has approved a ₹187.45 crore resolution plan submitted by Goldstar Realtors Ltd...