Alok Industries revival faces many challenges
Alok Industries, which underwent a corporate insolvency resolution process, has been making steady progress even if it is struggling to...
Month: July 2022
Sahara Hospitality escapes insolvency proceedings by paying Rs 8 cr to creditor
The insolvency application filed against Sahara Hospitality has been withdrawn by operational creditor Delta Electro Mechanical Private Ltd. under Section...
Dalmia Cement (Bharat) among two left in race to acquire Andhra Cement
Dalmia Cement (Bharat) Limited and Sagar Cements Limited are in the race for acquiring Jaypee Group’s Andhra Cement, which is...
NCLT snubs Amazon as it dismisses latter’s plea against insolvency petition of Future Retail
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday admitted Bank of India’s plea to initiate corporate...
Australia makes far-reaching changes in insolvency laws
On 6 April 2022, the Attorney-General's Department in Australia announced changes to the Insolvency Practice Rules 2016. The changes are reflected...
Appu Hotels CIRP period extended by 90 days
The Corporate Insolvency Resolution Process (CIRP) of Chennai-based Appu Hotels continues to get dragged even as the promoters propose a...
Chartered accountants final exam 2022 results announced; only 12.6% cleared both papers
The Institute of Chartered Accountants of India (ICAI) on 15 July 2022 announced the result of Chartered Accountants Final Examination...
Yes Bank to conduct Swiss Challenge auctions for Rs 48,000 crore stressed assets
Yes Bank proposes to run a transparent bidding process on Swiss Challenge basis for sale of the identified stressed assets...
SC puts in abeyance CIRP of Vidarbha Industries Power on ground of existence of arbitral award
The Supreme Court ordered keeping in abeyance the Corporate Insolvency Resolution Process (CIRP) against Vidarbha Industries Power Limited on the...
Credit monitoring start-up TruBoard raises $2.7 million from marquee investors
TruBoard Partners, a tech-enabled asset monitoring & collections platform, has raised an $2.7 million equity from investors lead by marquee...