Lenders to Reliance Capital raise concerns over Rs 7,300 cr debt mobilisation by IIHL
Lenders to debt-ridden Reliance Capital (RCAP) have raised concerns regarding the term sheet provided by the Hinduja Group firm IIHL...
Month: August 2024
Regulator proposes upfront disclosure of MSME status of corporate debtor
The insolvency regulator – Insolvency and Bankruptcy Board of India (IBBI) – has proposed mandatory disclosures about the status of...
Rs 4,101-cr Adani Power bid for Lanco Amarkantak Power gets NCLT nod
In yet another successful bid through the Insolvency and Bankruptcy Code (IBC), Adani group firm -- Adani Power Ltd –...
ARCs assets likely to decline by up to 10% in FY25: Crisil
Assets under management (AUM) of private asset reconstruction companies (ARCs), as measured by security receipts (SRs) outstanding, is expected to...
Insolvency regulator issues code of conduct for CoC
After the Delhi High Court in a recent order in Kunwer Sachdev v. IDBI Bank emphasized the need for a...
Anil Ambani group moves NCLT to restrain IIHL from using Reliance brand name
Anil Dhirubhai Ambani Ventures Pvt Ltd (ADAVPL), a Reliance Group company, has filed an interim application in the NCLT, seeking...
Oberoi Realty arm buys out Nirmal Lifestyle Realty for Rs 273 crore
The National Company Law Tribunal (NCLT) has approved the Rs 273 crore resolution plan submitted by Oberoi Constructions Limited for...
Sarda Energy and Minerals acquires SKS Power Generation (Chhattisgarh) for Rs 2,657 crore
Sarda Energy and Minerals Ltd has successfully bid for SKS Power Generation (Chhattisgarh) Ltd, the coal-based thermal power company located...
Expedite approvals for implementation Reliance Capital resolution plan: NCLT to regulators
The National Company Law Tribunal on 12 August 2024 directed the regulators like Reserve Bank of India (RBI) and Sebi...
NCLT gives nod to start insolvency proceedings against Coffee Day Enterprises
NCLT Bengaluru admits insolvency petition filed by IDBI Trusteeship Services against Coffee Day Enterprises, the parent company of the Coffee...