“Sintex buy to help Welspun reach more households nationwide”
Welspun has acquired the plastic industry market leader Sintex BAPL through the corporate insolvency resolution process. The deal marks a...
Month: March 2023
IBBI Regulations carry a statutory flavour and are binding on the NCLT: MS Sahoo
Former Insolvency and Bankruptcy Board of India (IBBI) Chairperson MS Sahoo (in pic) shares his views on legal sanctity of...
Zee Entertainment settles insolvency dispute with IndusInd Bank
Zee Entertainment Enterprises Ltd and IndusInd Bank have entered into a settlement agreement by which all disputes and claims have...
Norwegian firm acquires Lanco Mandakini Hydro Energy; fully pays financial creditors
Norwegian power company Statkraft IH Holding AS, a 100% subsidiary of Statkraft AS, has got a go-ahead from the National...
Is Adjudicating Authority bound by recommendations of resolution professional?
Khushboo Sai Khurana Is Adjudicating Authority bound by the recommendations of Resolution Professional (RP) made under section 99 of IBC,...
Supreme Court says borrowers must be heard before declaring them fraud
The Supreme Court of India in a very important verdict has said that the principles of natural justice demand that...
Second round of auction for Reliance Capital on 2 April
In a glimmer of hope for Reliance Capital lenders and other stakeholders, the second round of auction might see the...
Reliance Capital stares at liquidation as lenders pull out auction process
Reliance Capital is staring at liquidation after all the bidders have shown reluctance to go ahead with the next round...
Fresh bids invited for Future Retail; 7 April last date for submitting EoIs
After failing to receive any resolution plans despite multiple extension of dates for submission of expression of interest (the last...
Govt-owned SAIL-SCL Kerala to face insolvency proceedings
SAIL-SCL Kerala, a 50-50 joint venture between Central government-owned Steel Authority of India Ltd (SAIL) and the government of Kerala,...