NCLT rejects resolution plan for ignoring operational creditors’ dues
The Kolkata Bench of the NCLT has rejected the resolution plan submitted by Elite Enterprises for acquisition of corporate debtor...
Month: September 2024
Tupperware files for Chapter 11 bankruptcy
The once-popular Tupperware brand, synonymous with colorful, airtight food storage containers, has filed for bankruptcy protection. The company, whose sales...
Gini & Jony kidswear brand to undergo insolvency proceedings
Indian kid's fashion brand Gini & Jony, promoted by Lakhani brothers, will undergo corporate insolvency resolution process after the Mumbai bench...
SC allows Adani Power, DAIT to operate Coastal Energen plant
The Supreme Court has allowed the consortium of Dickey Alternate Investment Trust (DAIT) and Adani Power to operate a power...
Max Healthcare to acquire 64% in Jaypee Healthcare for Rs 1.7k cr
Max Healthcare (MHIL) will 64% stake in financially stressed Jaypee Healthcare (JHL) for an enterprise value of Rs 1,660 crore. Max...
ED attaches Rs 30 crore assets in Nirav Modi bank fraud case
Directorate of Enforcement (ED) has provisionally attached proceeds of crime in the form of immovable properties and bank balances amounting...
ED attaches Rs 5,115-cr assets of Amtek Auto group
Directorate of Enforcement (ED), Gurugram Zonal Office, has provisionally attached movable and immovable properties valuing Rs 5,115.31 crore of Amtek...
NCLAT stays implementation of Coastal Energen resolution plan
In a setback to the consortium of Dickey Alternative Investment Trust (DAIT) and Adani Power, the Chennai bench of the...
Adani Power acquires yet another energy company through CIRP
Adani Power, which recently acquired yet another power company – Coastal Energen – in consortium with Dickey Alternative Investment Trust,...
Adani Power consortium acquires Coastal Energen for Rs 3,335 crore
The National Company Law Tribunal (NCLT) recently approved the resolution plan submitted by Dickey Alternative Investment Trust (DAIT) in consortium...