Tulip Hotels in insolvency for failing to pay Rs 900 cr to Yes Bank
Ajit Kerkar-owned Tulip Hotels Pvt Ltd (corporate debtor) will undergo corporate insolvency resolution process (CIRP) after the Mumbai-bench of the...
Month: May 2023
Fugitive bizman Nitin Sandesara’s Sterling Oil Resources to undergo insolvency proceedings
Fugitive businessman Nitin Sandesara-owned Sterling Oil Resources Limited (Corporate Debtor) will face the corporate insolvency resolution process after Mumbai-bench of...
Reliance, Adani Group out of race for Future Retail
Reliance Retail Ventures and April Moon Retail, backed by the Adani group, have reportedly pulled out of the race for...
US-based Vice Media files for bankruptcy
Vice Media, once a rising star in the digital media industry, has encountered significant setbacks and filed for Chapter 11...
NCLAT closes Mcleod Russel insolvency proceedings after settlement with financial creditor
The National Company Law Appellate Tribunal (NCLAT) has closed the Corporate Insolvency Resolution Process (CIRP) against Mcleod Russel India, the...
Insolvency application filed against Prime Securities
Prime Securities, a provider of diversified, investment banking and corporate advisory services, has informed the exchanges that an insolvency petition...
Homeshop18 to face insolvency proceedings
Television Home Shopping Network Limited, an e-commerce marketplace in India under the brand name HomeShop18, will face corporate insolvency resolution...
Recovery from resolutions in Jan-Mar’23 at 50% of admitted claims
In the January-March 2023 quarter, 70 Corporate Insolvency Resolution Processes (CIRPs) ended in resolution leading to recovery of Rs 32,137...
Inventory auction of erstwhile Nirav Modi firm Firestar Diamond fetches Rs 32 crore
The liquidator of Firestar Diamond International Pvt Ltd managed to raise Rs 32.16 crore from the auction of precious inventory...
NCLT orders liquidation of EPC firm CCCL
The Chennai bench of the NCLT has pronounced initiation of liquidation process against Consolidated Construction Consortium Limited (CCCL), a Chennai-based...