Year: 2023

Campus Placement

Rs 49.20 lakh highest package received in campus placement of CAs in Nov

During 58th Campus Placement Programme held for newly qualified CAs of the May 2023 examinations, witnessed an overwhelming response, with...

CIRP of Real Estate companies

Singla Builders resolution plan promises delivery of flats to homebuyers of Ansal Lotus Melange

Great news for Ansal Lotus Melange homebuyers. The National Company Law Tribunal (NCLT) has approved the resolution plan submitted by...

Tulip Hotels

NCLT dismisses insolvency petition against OYO Hotels

The National Company Law Tribunal (NCLT) has rejected Mindmill Software's application to initiate corporate insolvency resolution proceedings against OYO Hotels...

Bad loans of banks

Economic momentum to support improvement in Indian bank asset quality, profitability in 2024: Fitch

Fitch Ratings expects greater divergence in the performance of banking sectors in Asia Pacific (APAC) in 2024, with five countries...

Section 29A restrictions for SSFs

Special Situation Funds should not be used to circumvent Section 29A of IBC: Sebi

The Securities and Exchange Board of India (SEBI) has proposed stricter due diligence requirements for investors in Special Situation Funds...

Kirloskar Electric insolvency

Kirloskar Electric Company Ltd faces insolvency proceedings

Kirloskar Electric Company Limited (the Company) has informed the exchanges announced that it has been served with an application by...

Future Retail

RP detects Rs 2,155 cr fraudulent transaction in Future Retail

In a significant development, the Resolution Professional (RP) of Future Retail Limited (FRL) has filed an application before the National...

Bitcoin Lender Celsius Network

Crypto lender Celsius Network cleared to exit bankruptcy

Celsius Network, a crypto lender, has received approval from a US bankruptcy court for a restructuring plan that will return...

Resolution of real estate firms

Challenges and way forward for real estate insolvencies in India

Anchal Jindal, an insolvency expert, discusses the challenges of and way forward for real estate insolvencies in the country. Real...

Chapter 11 Bankruptcy in US

Know more about Chapter 11 bankruptcy in America

Chapter 11 bankruptcy is a type of bankruptcy that allows businesses and individuals to reorganize their debts and stay in...