Hinduja Group ahead in the race to acquire Reliance Capital
Hinduja Group is ahead in the race to acquire Reliance Capital after it revised the bid price to Rs 9,500...
Year: 2022
CBI files case against Corporate Power Ltd for defrauding banks of Rs 4,038 crore
The Central Bureau of Investigation (CBI) has registered a case against Kolkata-based Corporate Power Ltd, its promoters/directors and others on...
Reliance Jio deposits Rs 3,720 cr to acquire Reliance Infratel
Two years after the National Company Law Tribunal (NCLT) approved Rs 3,720 crore resolution plan of Reliance Jio to...
Understanding the Singapore bankruptcy laws
Many Indians register their companies in Singapore for obvious reasons – easier compliances, policy certainty, etc. Those who have their...
MT Educare faces insolvency proceedings for failing to pay Rs 5.5 crore to vendor
MT Educare Limited, an education support and coaching services provider, will face insolvency resolution process after the Mumbai bench of...
Torrent Group emerges highest bidder in e-auction for Reliance Cap assets
The e-auction of Reliance Capital ended on 21 December and the Torrent Group emerged as the highest bidder with Rs...
Wilful defaulters owe over Rs 3.11 lakh crore to banks as on 30 June 2022
Wilful defaulters owed over Rs 3.11 lakh crore to banks as on 30 June 2022, most to the public sector...
Cosmea-Piramal consortium pulls out from bidding process for Reliance Capital
The Reliance Capital insolvency resolution process hits another roadblock with the exit of the Cosmea-Piramal consortium from the e-auction scheduled...
VHM Industries to undergo insolvency resolution process
Mumbai-based textile company -- VHM Industries Limited – will undergo corporate insolvency resolution process after the Mumbai-bench of the NCLT...
PSBs made Rs 4.24 lakh crore recovery in last four years
The public sector banks (PSBs) have effected record recovery of Rs 4.24 lakh in the last four years and first...