Rasna to undergo insolvency process for failing to pay Rs 71 lakh
The Rasna Private Ltd, the creator of the iconic Rasna brand of drinks, will undergo corporate insolvency resolution process (CIRP)...
Year: 2023
Naresh Goyal booked Rs 1,000 crore personal expenses in Co. name: ED
The Enforcement Directorate, which arrested ex-Chairman of Jet Airways Naresh Goyal on 1 September 2023, has said that Goyal and...
Bids invited from asset valuers for valuation of IDBI Bank assets
The Department of Investment and Public Asset Management (DIPAM), on behalf of government of India and LIC, wishes to engage...
ED arrests Jet Airways founder Naresh Goyal in Rs 538-cr fraud case
Naresh Goyal, the founder of Jet Airways, was arrested on Friday in connection with an alleged bank fraud of Rs...
Jalan Kalrock Consortium deposits ₹100 crore in Jet Airways
The Jalan Kalrock Consortium (JKC) has deposited ₹100 crore in Jet Airways, less than 48 hours after the National Company...
Zee Group settles Rs 6,500 crore Yes Bank debt; bank takes 75% haircut
Zee Group and Yes Bank have reached a one-time settlement (OTS) for the outstanding debt of ₹6,500 crore, according to...
Resolution plan can terminate related party contracts: NCLT
A recent NCLT ruling has clarified that the successful resolution applicant (SRA) in a corporate insolvency resolution process has the...
NCLAT clarifies contentious issues on Jaypee Infratech resolution order
The National Company Law Appellate Tribunal (NCLAT) gave its observation on two petitions filed against an NCLT order dated 07th...
Why US supreme court halted Purdue Pharma bankruptcy plan
The US Supreme Court blocked bankruptcy plan of Purdue Pharma on 10 August 2023, pending review of the legality of...
Ujaas Energy resolution back on track after NCLAT reverses NCLT order
The National Company Law Appellate Tribunal (NCLAT) in a recent verdict overturned a January 2023 order of NCLT, in which...