Creditors recover Rs 3.36 lakh crore from 947 resolved CIRPs till 31 Mar’24
In the seven full (financial) years of Insolvency and Bankruptcy Code (IBC) since 2017-18, the new loan recovery system has...
Year: 2024
Litigation finance in India: Opportunities and challenges
The landscape of legal dispute resolution is undergoing a seismic transformation, due to the emergence of Litigation Funding or Third-Party...
RBI meets heads of ARCs amid reports of use of unfair recovery methods
The Reserve Bank of India (RBI) held a meeting with heads of Asset Reconstruction Companies (ARCs) following concerns about their...
NCLT approves Rs 1,600 crore Deccan Value Investors bid for Metalyst Forgings
The Mumbai bench of the NCLT has approved the Rs 1,600 crore resolution plan submitted by submitted by a consortium...
NCLAT sends Sarda Energy & Minerals resolution plan for SKS Power Generation to NCLT for reconsideration
A bench comprising of Justice (Retd) Ashok Bhushan, Chairperson, and Arun Baroka, Member (Technical) of the National Company Law Appellate...
NCLT approves Sapphire Media’s Rs 261-cr bid for Reliance Broadcast Network
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the Rs 261 crore resolution plan submitted by...
IIHL overhauls corp structure for Reliance Capital deal
With barely 20 days left for the deadline for closing the resolution plan, successful resolution applicant IIHL has changed the...
Adani Power given backdoor entry to bidding process, claims former promoter of Coastal Energen
Former promoters of Chennai power company Coastal Energen challenge the resolution plan submitted by the consortium of Dickey Alternate Investment...
Indian Overseas Bank to sell Rs 13,500 crore NPA loans
Chennai-based Indian Overseas Bank has planned to sell 92 NPAs loan accounts collectively amounting to an aggregate book outstanding of...
Raipur-based consultancy bags govt-owned SAIL-SCL Kerala for Rs 30 crore
Raipur-based consultancy firm Chhattisgarh Outsourcing Services Pvt Ltd has won the bid for government owned SAIL-SCL Kerala Ltd. The Kochi...