Meenakshi Energy now a wholly-owned subsidiary of Vedanta
Indian mining and metals giant Vedanta Limited has completed the acquisition of Meenakshi Energy Limited, a previously debt-ridden thermal power...
Month: December 2023
NCLT approves Ramkrishna Forgings Rs 129-cr resolution plan for ACIL Limited
The National Company Law Tribunal, New Delhi, has approved the Rs 129 crore resolution plan submitted by Ramkrishna Forgings Limited...
Lenders of Coastal Energen approves Adani Power resolution plan
The Committee of Creditors has on December 23rd approved the resolution plan submitted by a consortium led by Adani Power...
Dalmia Bharat Sugar gets NCLAT nod for implementation of resolution plan for Baghauli Sugar insolvency case
Dalmia Bharat Sugar and Industries Limited's (DBSIL) plan to revive Baghauli Sugar and Distillery Limited (Baghauli Sugar) has finally moved...
Details of resolution plan for Reliance Communications Infrastructure
The National Company Law Tribunal (NCLT) Mumbai on 20 December 2023 gave its approval to a resolution plan submitted by...
NCLAT gives back control of Appu Hotels to original owners; terminates insolvency resolution process
The National Company Law Appellate Tribunal (NCLAT) has delivered a decisive verdict in favor of the existing promoters of Appu...
NCLT allows Mukesh Ambani firm to acquire Reliance Communications Infrastructure
After four years of navigating the insolvency process, Reliance Communications Infrastructure Limited (RCIL) has finally received a lifeline. The National...
NCLT approves Marvel Media-led consortium’s Rs 55-crore resolution plan for SAB TV Network
The NCLT has approved the plan submitted by the consortium of SAB Events & Governance Now Media Ltd, Marvel Media...
NCLT nod to BTL EPC’s resolution plan for McNally Bharat Engineering
The National Company Law Tribunal (NCLT) has approved the resolution plan submitted by BTL EPC Limited for resolution of the...
Ebix Inc files for Chapter 11 bankruptcy; sells North America insurance biz to raise fund
Ebix, Inc. (NASDAQ: EBIX), a leading provider of on-demand software and e-commerce services for insurance, finance, and travel industries, has...