Year: 2023

Group insolvency

How Hindalco busted stage-managed insolvency resolution process of Hirakund Industrial Works

The National Company Law Appellate Tribunal (NCLAT) on the petition filed by Hindalco Industries busted a ‘stage-managed’ corporate insolvency resolution...

Khaitan Electricals

Reliance Capital CoC votes 100% in favour of second round of auction

The proposal to conduct a second round of auction in the Reliance Capital corporate insolvency resolution process (CIRP) has been...

CA Final

12,825 pass CA Final exam; 41% of successful candidates girls

As many as 12,825 candidates have qualified in the CA Final examination, the results of which were announced on 10...

McNally Bharat Engineering

McNally Bharat Engineering has a new suitor as NCLAT allows Rashmi Metaliks to submit bid

The National Company Law Appellate Tribunal (NCLAT) has allowed Rashmi Metaliks Ltd to submit resolution plan by 11 January in...

Khaitan Electricals

NCLT performance in insolvency & bankruptcy cases

The delay in resolution of cases under the Insolvency and Bankruptcy Code, 2016 is often attributed to an understaffed National...

RCom

Reliance Capital lenders plan another round of auction; target more than Rs 10,000 bid price

The battle between Torrent and Hinduja group for the acquisition of Reliance Capital has taken a new turn as the...

Canada Consumer insolvency trends

Canada Consumer Debtor Profile based on consumer insolvency statistics in 2021

As part of the Canada government’s commitment to openness, accountability, and public engagement, the Office of Superintendent of Bankruptcy has...

Future Retail

Another Future Group company — Future Supply Chain Solutions — faces insolvency proceedings

Another Future Group company – Future Supply Chain Solutions – is now going to face insolvency resolution process after the...

Asian Hotels (West)

Now Torrent group revises bid for Reliance Capital; offers Rs 8640 cr in upfront cash

In another twist to the Reliance Capital corporate insolvency resolution professional, Torrent group has now revised its bid and is...

CIRP of personal guarantor

CA Final and intermediate Exam results to be announced on 10 Jan

The results of the Chartered Accountants Final (CA Final) and Intermediate examination held in November 2022 are likely to be...