Verdict in Rainbow Papers Ltd case ignored Section 53 of IBC: SC
The Supreme Court in a recent order in Paschimanchal Vidyut Vitran Nigam Ltd. v. Raman Ispat Private Limited & Ors...
Year: 2023
NCLT nod to Rs 180-cr resolution plan for Capricorn Food Products India Ltd
The National Company Law Tribunal (NCLT) has approved the Rs 180-crore resolution plan for Chennai-based Capricorn Food Products India Ltd....
Govt-owned CONCOR to face insolvency resolution process
Public sector container and transportation company -- Container Corporation of India Limited (CONCOR) – will have to face Corporate Insolvency...
Reliance Retail among three in race for Future Enterprises
Reliance Retail Ventures, the retail arm of Mukesh Ambani-owned Reliance Industries, is among the three companies in the race for...
28th July last date for submitting EoIs for Future Lifestyle Fashion
Future Lifestyle Fashion (FLFL), the erstwhile flagship fashion business of Future Group, has invited expressions of interest (EoIs) from prospective...
Go First invites EoIs from prospective bidders; 9 Aug last date for filing EoIs
Go First, the Indian airline company, has floated an Expression of Interest (EoI) from potential bidders. The resolution professional, Shailendra...
Lenders move Supreme Court seeking liquidation of Jet Airways
Frustrated with the delays in the airline's revival, lenders of Jet Airways have moved the Supreme Court seeking liquidation of...
Section 66 of IBC cannot be used to recover dues from 3rd parties: Supreme Court
The Supreme Court in a recent order has said that the remedy against third parties for recovery of dues payable...
Jaiprakash Associates defaults on repayment of Rs 4,044 crore loan
Jaiprakash Associates Ltd (JAL) defaulted on a payment of Rs 4,044 crore on 30 June 2023. Out of Rs 4,044...
Chapter 11 bankruptcy filings in US rise 68% in first half of 2023
Commercial chapter 11 bankruptcies in the US rose 68% to 2,973 during the first six months of 2023 compared with...