Sathavahana Ispat merges with Jindal Saw after latter pays full resolution amount
Successful resolution applicant Jindal Saw Limited has released the entire amount of Rs 694 crore for Hyderabad-based Sathavahana Ispat, the...
Year: 2023
Hindujas emerge highest bidder with Rs 9,650 crore bid for Reliance Capital
Reliance Capital corporate Insolvency Process has come closer to completion with Hinduja Group firm IIHL emerging as the highest bidder...
Intent of corporate debtor irrelevant in establishing existence of preferential transaction: NCLAT
Can money arranged from relative by a corporate debtor be held as preferential transaction? The National Company Law Appellate Tribunal...
Retailer Bed, Bath & Beyond files Chapter 11 bankruptcy in US Court
Bed Bath & Beyond Inc, the Nasdaq-listed retailer on Sunday announced that it and certain of its subsidiaries filed voluntary petitions...
Insolvency proceedings against Seya Industries withdrawn after settlement with lenders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...
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)...