Karnataka HC upholds CID charges against SBI, PNB executives in ₹78.5 crore Metal Closures fraud case
In a significant ruling reinforcing accountability in banking operations, the Karnataka High Court has upheld the charge sheet filed by...
Month: August 2025
RP invites bids for JCT Ltd; 25 Aug last day for submitting EoI
JCT Ltd, a leading manufacturer of filament yarn and composite textiles, has formally entered the Corporate Insolvency Resolution Process (CIRP)...
NCLT initiates insolvency proceedings against Mahagun over ₹260 crore debt
The National Company Law Tribunal (NCLT) has officially initiated the Corporate Insolvency Resolution Process (CIRP) against real estate developer Mahagun...
ED arrests former MD of insolvent Best Foods in Rs 1,740 crore loan fraud case
The Directorate of Enforcement (ED), Headquarters, New Delhi, has arrested Dinesh Gupta, former Managing Director of Best Foods Limited, on...
Recovery from large insolvency cases at 33% of financial creditors claim
The latest data from the Insolvency and Bankruptcy Board of India (IBBI) for the quarter ending June 2025 reveals significant...
Insolvency Bill proposes penalty for frivolous pleas, introduces group insolvency, creditor-initiated resolution
The Indian government has introduced the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, in the Lok Sabha, proposing significant changes...
ED files supplementary complaint in Amtek Auto fraud case
The Directorate of Enforcement (ED) in Gurugram has filed a supplementary prosecution complaint on 1 August 2025, against multiple individuals...
SC reserves judgment in Bhushan Power and Steel case
The Supreme Court of India, on August 11, 2025, reserved its judgment in the ongoing legal battle surrounding JSW Steel's...
Saasa Musa Sugar to be auctioned as ‘going concern’ at reserve price of Rs 92.25 crore
Saasa Musa Sugar Works Private Limited, a company undergoing liquidation under the IBC, is set to be sold as a...
Jaypee Cement assets on the block as insolvency process accelerates
Debt-laden Jaypee Cement Corporation Limited (JCCL) has formally invited bids for its revival, kicking off a corporate insolvency resolution process (CIRP) that...