Reliance Infrastructure arm SU Toll Road goes into insolvency
State Bank of India (SBI) has initiated insolvency proceedings against SU Toll Road Private Limited (SU Toll Road), a wholly-owned...
Month: April 2025
NCLAT orders PNB to refund Rs 4.5 crore to liquidator of Vegan Colloids
In a recent judgment, the National Company Law Appellate Tribunal (NCLAT) overturned an order by the National Company Law Tribunal...
NCLT admits insolvency plea against New Bombay Paper Mills over ₹3.02 crore default
Mumbai, April 2, 2025: The National Company Law Tribunal (NCLT), Mumbai Bench-IV, has admitted an insolvency petition filed by Maheshwari Fuelchem Private...
Tata Steel moves HC against I-T notice for Rs 25,000 crore loan waiver linked to Bhushan Steel acquisition
Tata Steel Limited has approached the Bombay High Court challenging a reassessment order issued by the Income Tax Department regarding...
Vijay Mallya takes a dig at resolutions under IBC; points out high haircuts taken by banks
Former promoter of United Breweries and Kingfisher Airlines Vijay Mallya has taken to social media platform X peeving about how...
NCLAT allows banks to pursue action against former IL&FS directors not on current board
The National Company Law Appellate Tribunal (NCLAT) has allowed Canara Bank and Indian Bank to proceed with actions to classify...
IL&FS resolution process nears completion; Rs 45,281 cr debt discharged as of March’25
The resolution process for Infrastructure Leasing & Financial Services Limited (IL&FS) and its group entities has made significant progress, with Rs...
Byju’s files FIR against resolution professional, EY partners
Edtech startup Byju’s has filed an FIR against those involved in a criminal conspiracy against the company, founder of the...
Nuvoco Vistas Corp gets NCLT nod to acquire Vadraj Cement for ₹1,800 cr
Nuvoco Vistas Corp Ltd, a Mumbai-based cement manufacturer, has received the National Company Law Tribunal (NCLT) Mumbai Bench’s approval to...
Authum Investment & Infrastructure emerges successful bidder for Vas Infrastructure
Authum Investment & Infrastructure Ltd. (BSE: 539177, NSE: AIIL) has been declared the Successful Resolution Applicant (SRA) for Vas Infrastructure...