Insolvency application against Rediff.com rejected by tribunal
Insolvency petition against Rediff.com, the Mumbai-based News and Information, Enterprise Email Services and Online Shopping Marketplace firm, was rejected by the National Company...
Month: November 2022
UK company insolvencies up 38% in Oct’22; compulsory liquidation more than 4 times last year
The number of registered company insolvencies in the UK rose 38% year-on-year to 1,948 in October 2022. In the same...
NCLT gives nod to initiate insolvency proceedings against Technofab Engineering
Corporate insolvency resolution process (CIRP) has been initiated against Technofab Engineering Limited, the New Delhi-based engineering and construction company informed...
Insolvency regulator revises fees for insolvency professionals, IPEs
The insolvency regulator -- Insolvency and Bankruptcy Board of India -- has recently effected revisionof existing fee structure along with...
Jio’s acquisition of Reliance Infratel: Not a done deal yet
The National Company Law Tribunal (NCLT) has given its go-ahead to Reliance Jio to implement the resolution plan for Reliance...
Topworth promoters named in another fraud
Public sector bank -- Indian Bank – has informed the exchanges that it has declared as fraud an NPA account...
IPs who claw back maximum value lost in fraudulent transactions should get a premium in the market
Former chairperson of Insolvency and Bankruptcy Board of India (IBBI) MS Sahoo feels that an insolvency professional who claws back...
NCLT allows concessions to Sterling Biotech bidder
The adjudicating authorities have agreed to the request of Perfect Day Inc, the US-based animal-free dairy product manufacturer, for certain...
Consumer bankruptcies in US increase 27% in October
Consumer bankruptcies (chapter 13 filings) in the US increased 27% to 13,627 in October 2022 from the 10,767 filings in...
Piramal group withdraws insolvency application against Reliance Power
Piramal Capital and Housing Finance Limited has withdrawn the insolvency application made against Reliance Power Limited and one of its...