Lenders nod to Howen International buying 42.25% in IL&FS Engineering
IL&FS Engineering and Construction Company Limited (IL&FSENGG) has said that the Committee of Creditors (CoC), representing 82.58% in value, has...
Month: April 2025
Shivinder Mohan Singh files for personal insolvency before NCLT
Shivinder Mohan Singh, former promoter of Fortis Healthcare and Religare Enterprises, has filed for personal insolvency under the Insolvency and...
ED conducts raids in Rs 523 crore homebuyer fund diversion case linked to Unnati Fortune
The Directorate of Enforcement (ED), Lucknow Zonal Office, carried out search operations at eight locations across Agra, Meerut, Noida, and...
Jaiprakash Associates attracts 25 bidders, including Adani and Vedanta
Jaiprakash Associates Limited (JAL), the debt-laden infrastructure giant of the Jaypee Group, has moved closer to resolving its financial woes...
CFO of Ansal Properties and Infra resigns over unpaid salaries
Prashant Kumar has officially resigned from his positions as Chief Financial Officer (CFO) and President (Accounts and Finance) of Ansal...
New aircraft law gives legislative backing to Cape Town Convention in insolvency cases
The government of India notified the Protection of Interests in Aircraft Objects Act, 2025, which provides protection to aircraft lessors...
Another Kishore Biyani firm Future Ideas Company to face insolvency proceedings
The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a corporate insolvency petition against Future Ideas Company Limited (FICL),...
NCLT approves Rs 318 cr Lulu International resolution plan for Manjeera Retail
The National Company Law Tribunal (NCLT), Hyderabad Bench, has approved a resolution plan for Manjeera Retail Holdings Private Limited (MRHPL)....
NCLT admits insolvency petition against Three C Infratech
The National Company Law Tribunal (NCLT), New Delhi Bench, has admitted an insolvency petition against Three C Infratech Pvt. Ltd, a...
GMR Group’s strategic sale of power assets to reduce debt, strengthen finances
GMR Power and Urban Infra Limited (GPUIL) has announced plans to divest its stake in non-operating and stressed assets. This...