Insolvency proceedings against Seya Industries withdrawn after settlement with lenders
The corporate insolvency resolution process against Seya Industries has been suspended after the insolvency petition against the company has been...
Month: April 2023
Reliance Retail, Adanis and Jindal Power among 48 entities in final list of suitors for Future Retail
Reliance Retail, Adani group-backed April Moon Retail, Jindal Power and JC Flowers Asset Reconstruction Company are among the 48 entities...
Ahead of auction, bidders of Reliance Capital express multiple reservations
Ahead of the much awaited second round of auction of Reliance Capital, scheduled now for 26 April after being postponed...
NCLT admits application for pre-packaged insolvency process of Sudal Industries
The NCLT has admitted the application of Sudal Industries, a registered MSME engaged in the business of manufacture of Aluminium...
ARSS Infrastructure Projects goes into liquidation after NCLT rejects resolution plan
The Cuttack bench of the National Company Law Tribunal, which rejected the resolution plan of Ocean Capital Market Limited (OCML)...
Insolvency proceedings against Bilcare Ltd suspended after one-time settlement of dues
The corporate insolvency resolution process (CIRP) against the Bilcare Ltd has been suspended by the National Company Law Tribunal (NCLT)...
Shareholders’ fight to save erstwhile Vijay Mallya firm Mcdowell Holdings from insolvency
A Supreme Court bench has asked the financial creditor of Mcdowell Holdings Ltd why it would have any issue if...
NCLT gives 3 more months to complete Reliance Capital insolvency process
The Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline for completing the resolution process of...
NCLT rejects Ocean Cap Market bid for ARSS Infrastructure Projects
The Cuttack bench of the National Company Law Tribunal on 18 April 2023 rejected the resolution application filed by the...
SME delinquencies will continue to rise despite RBI’s rate pause: Moody’s
Higher interest rates in India have increased repayment amounts and limited refinancing options for SME borrowers with LAP (loans secured...