LegalPay exits first interim finance deal with over 26% returns
Can interim finance be a lucrative business? LegalPay, a litigation and interim finance firm, recently exited an interim finance deal...
Month: June 2022
Insolvency regulator proposes early liquidation of defunct corporate debtors
Why waste time in trying to go for resolution of a corporate debtor which is defunct and has no or...
Insolvency regulator proposes part resolution of corporate debtor’s assets, business
The insolvency regulator and the government, in order to make resolution under the Corporate Insolvency Resolution Process (CIRP) more viable,...
NCLT approves resolution plan for Bhatia Coke and Energy
The Chennai bench of the National Company Law Tribunal (NCLT) has given a go ahead to the joint bid by...
CBI files case against DHFL, promoters in a Rs 34,615 cr bank fraud
The Central Bureau of Investigation has registered a case against DHFL and its promoters Kapil Wadhawan and Dheeraj Wadhawan for...
Bids invited for Hyderabad-based Viceroy Hotels
The Hyderabad-based Viceroy Hotels has been undergoing the Corporate Insolvency Resolution Process (CIRP) since 2018 is yet to see a...
Regulator planning new insolvency framework for homebuyers
The Insolvency and Regulatory Board of India (IBBI), or the insolvency regulator, has been contemplating a separate regulatory framework for...
Srei Equipment Finance reports Rs 3,000 crore fraud transactions
The Administrator of Srei Equipment Finance Limited has reported fraud transactions worth Rs 3,025.73 Crore by the promoters of the...
UPL Ltd acquires entire stake in Kudos Chemie for Rs 237 crore
UPL Ltd would acquire entire holding of Kudos Chemie Limited, the former informed the exchanges on 15 June 2022. UPL...
Tata Steel subsidiary now controls 100% in Rohit Ferro-Tech
Tata Steel Mining Limited (TSML), a wholly-owned subsidiary of Tata Steel Limited has, on June 14, 2022, acquired 10% equity...