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...
Year: 2024
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...
IBBI proposes more reforms to streamline real estate insolvency processes
A significant overhaul of India's insolvency and bankruptcy code (IBC) is on the horizon, with a particular focus on real...
SC orders liquidation of Jet Airways
The Supreme Court in a pathbreaking judgment dashed all the hopes of revival of the Jet Aiways as it overturned...
Restaurant chain TGI Fridays files Chapter 11 bankruptcy in US
TGI Fridays Inc, the owner and operator of the TGI Friday’s casual dining chain, on 2 November filed voluntary petitions...
Centralized platform — eBKray — to streamline liquidation process, boosts recovery rates
The Insolvency and Bankruptcy Board of India (IBBI) has announced a significant shift in how assets are sold during corporate...