Scourge of being identified as wilful defaulter, and the remedies
Being identified as a wilful defaulter has serious consequences for the borrower, both tangible and intangible. Ami Jain (in pic),...
Year: 2023
Are non-serious bidders delaying insolvency resolution process?
When on looks at the list of prospective resolution applicants in several corporate insolvency resolution cases, one wonders why so...
Second round of auction for Reliance Capital deferred till 26 April
The second round of auctions for Reliance Capital has now been deferred to 26 April after the committee of creditors...
Securitisation volumes in Q4FY23 at Rs 61,000 cr: ICRA
ICRA estimates that securitisation volumes, originated largely by non-banking financial companies (NBFCs) and housing finance companies (HFCs), at Rs. 61,000...
Scrap dealers, waste management firms among 49 vying for Future Retail
As many as 49 companies have shown interest in acquiring Future Retail through the Corporate Insolvency Resolution Process (CIRP). Among...
Parmjit Gandhi completes acquisition of Educomp subsidiary
The acquisition of Educomp Infrastructure & School Management Limited, a subsidiary of Educomp Solutions, has been completed by successful resolution...
Resolution professional a public servant, comes under Prevention of Corruption Act: Jharkhand HC
The assignment of and duty performed by a resolution professional are in the nature of public duty and therefore, will...
Liquidator to conduct e-auction for C&C Constructions on 8 May
The liquidator of C&C Constructions Limited will be conducting e-auction for sale of the company as going concern on 8th...
Reliance Capital CIRP likely to get delayed further; auction may get deferred by a week
The lenders of Reliance Capital are considering an extension of deadline for completion of resolution process till 30 May 2023....
CCI approves NARCL acquisition of SREI Infrastructure Finance
The Competition Commission of India (CCI) has approved the acquisition of SREI Infrastructure Finance Limited by National Asset Reconstruction Company...