No loans for one year after removal from list of wilful defaulter: RBI
In a concerted effort to curtail the escalating issue of wilful default, the Reserve Bank of India has mandated a...
Month: July 2024
NCLAT judge recuses himself from Byju’s insolvency case hearing
A National Company Law Appellate Tribunal (NCLAT) judge recused himself from hearing Byju's appeal for an interim stay on the...
Kishore Biyani’s Future Retail, once a leading Indian retailer, is being liquidated
The Mumbai bench of the National Company Law Tribunal (NCLT) has ordered the liquidation of Future Retail after all attempts...
Kamachi Industries acquired by Jaicorp for Rs 487 crore
Chennai-based Kamachi Industries Limited, an integrated steel company, has been acquired by Jaicorp’s vice chairman, Virendra Jain along with his...
Committed to OTS with lenders: Promoters of Coastal Energen
Promoters of Coastal Energen have reiterated that their earlier settlement proposal at Rs 5,847 crore is far higher than Adani’s...
IBC offers impetus to recovery segment of financial markets: Economic Survey
The insolvency and Bankruptcy Code (IBC) has offered fresh impetus to the recovery segment of the financial markets and the...
Simbhaoli Sugar to face insolvency proceedings after defaulting on Rs 130 cr loan
The Allahabad Bench of the National Company Law Tribunal (NCLT) has given go ahead to initiate corporate insolvency resolution process...
Devvrat Developers to acquire Delhi-based Leading Hotels for Rs 219 crore
Mumbai-based Devvrat Developers Private Ltd has got the NCLT nod to acquire the assets of Leading Hotels Ltd for Rs...
Byju’s failed defence against BCCI insolvency application
As the Bengaluru bench of the NCLT admitted an insolvency petition filed by Board of Control for Cricket in India...
Insolvency court admits bankruptcy petition against Byju’s
The Bengaluru Bench of the NCLT has admitted the insolvency application filed by Board of control for Cricket in India...