ED conducts search operations against Kwality Ltd promoters for ₹1,400 crore bank fraud
The Directorate of Enforcement (ED), Delhi Zonal Office, conducted extensive search operations on November 27, 2024, at 15 locations in...
Month: November 2024
Regulator finds liquidator charging excess fee of Rs 5.46 crore; orders disgorgement
Amit Gupta, appointed as the liquidator for multiple corporate debtors, including Winsome Diamonds and Jewelry, Forever Precious Jewellery and Diamonds,...
Aircastle withdraws insolvency case against SpiceJet following amicable settlement
Aircraft lessor Aircastle (Ireland) Designated Activity Company has withdrawn its insolvency case against SpiceJet before the National Company Law Tribunal...
FAQs on the use of eBKray portal
In collaboration with the Indian Banks’ Association (IBA), IBBI has introduced a centralized online platform, eBKray, to streamline the process...
Raheja Developers to face insolvency heat after homebuyers move petition in NCLT
Raheja Developers, a prominent real estate company based in Gurugram, India, has been facing insolvency proceedings in recent times. The...
ICAI launches CA GPT platform for analysing annual reports of 5,000 listed companies
The Institute of Chartered Accountants of India (ICAI) through its Committee on AI in ICAI launched CA GPT-Industry Forum comprising...
Recovery from stressed roads to rise by 700-1000 bps for ARCs this fiscal
Asset reconstruction companies (ARCs) will see their cumulative recovery rate for stressed road projects rise 700-1,000 basis points (bps) this...
Defense-side litigation funding: A new frontier in legal finance
When people think of litigation funding, the typical image is of financial support extended to plaintiffs aiming for compensation or...
NCLT approves Orissa Metaliks Rs 595-cr bid for Metenere Limited
The New Delhi bench of the National Company Law Tribunal (NCLT) has approved the Rs 595-crore resolution plan by Orissa...
Know your IP: Ashish Chhawchharia makes the grade with high profile insolvency cases
Ashish Chhawchharia, a chartered accountant by qualification, leads the restructuring practice for Grant Thornton in India. He is an FCA...