Amazon opposes insolvency petition against Future Retail
Even as the Indian Bank Consortium on Thursday requested the National Company Law Tribunal (NCLT) to urgently admit its application...
Month: May 2022
Power companies undergoing insolvency proceedings to receive funds for importing coal
Given the unprecedented power crisis and coal shortage, the government has directed the state-owned power finance companies -- Power Finance...
Karnataka Bank reports loan given to SREI Equipment Finance as fraud
Karnataka Bank has reported to the Reserve Bank of India (RBI) regarding fraud in the credit facilities extended earlier to...
“Don’t shy away from liquidating ineffective companies”
An effective insolvency legislation should not shy away from liquidating ventures, M Rajeshwar Rao, deputy governor of Reserve Bank of...
Birla Tyres in insolvency court after failing to pay Rs 16 crore to vendor SRF Ltd
Birla Tyres, a part of the famous BK Birla Group of Companies and Kesoram Industries Ltd, will now face insolvency...
CBI arrests insolvency professional for demanding bribe from Pune realtor
The Central Bureau of Investigation has arrested insolvency professional -- Subrata Maity -- and two private persons including proprietor of...