Can a corporate debtor avoid insolvency proceedings under Section 7 by merely changing its management?
A common misconception is that if the board or shareholding of a company changes, the new management will not be...
Month: January 2025
NCLT approves OCL Iron & Steel Ltd’s Rs 113-cr resolution plan for Helios Photo Voltaic
The NCLT approved the Rs 113-crore resolution plan submitted by OCL Iron & Steel Ltd for Helios Photo Voltaic Ltd. OCL...
Retail credit continues to moderate due to lack of demand: CIBIL
India’s retail credit growth continued to moderate in the quarter ending September 2024 due to a general cooling in the...
RBI suspends board of Aviom India Housing Finance; to start insolvency proceedings
In a significant regulatory move, the Reserve Bank of India (RBI) has superseded the board of directors of Aviom India...
Piramal Capital and Housing Finance drags Sunblink Real Estate to insolvency court
As we enter 2025, we bring you a list of companies against whom the corporate insolvency resolution process started. The...
NCLT approves Mangalam Multiplex resolution plan for Varutha Developers
The National Company Law Tribunal (NCLT), Kolkata, has approved Rs 310-crore resolution plan by Mangalam Multiplex Pvt. Ltd for debt-ridden...
NCLT approves Rs 55.51-cr resolution plan for Purulia Metal Casting
The Kolkata Bench of the National Company Law Tribunal (NCLT) approved the resolution plan submitted by DD International Private Limited for debt-ridden...
Weekly Newsletter: Liquidation of Go First, relisting of Reliance Naval and Engineering
The week gone by saw the imminent liquidation of Go First airlines -- a fate that was written on the...
Case Analysis: Ghanashyam Mishra and Sons Pvt Ltd vs Edelweiss Asset Reconstruction Company
Case: Civil Appeal Nos. 8129-8130 of 2019 -- Ghanashyam Mishra & Sons Private Limited vs Edelweiss Asset reconstruction Company Court:...
SWAMIH fund enables completion of 50,000 stalled homes
The SWAMIH Investment Fund I has emerged as a transformative initiative in India’s real estate sector, delivering over 50,000 homes...