IBBI flags misuse of insolvency process to settle debts, evade liabilities
The Insolvency and Bankruptcy Board of India (IBBI) has flagged instances of companies using the corporate insolvency resolution process (CIRP)...
Day: August 14, 2026
ED to Delhi HC: 42% of Jaypee homebuyers’ funds diverted to F1 track, hospital, and other ventures
In a major revelation in the long-running Jaypee Infratech case, the Enforcement Directorate (ED) informed the Delhi High Court that...
ED arrests insolvency professional in Best Foods money laundering case
The Enforcement Directorate (ED) has arrested insolvency professional Jitesh Gupta in connection with its money laundering probe arising from the...
NCLT admits Howrah wagon rebuilder Oscorp Industries to insolvency, rejects ‘joint venture’ defence
The National Company Law Tribunal's Kolkata bench has admitted Oscorp Industries Private Limited, a Howrah-based railway wagon rebuilder, into the...
Karvy Digikonnect faces insolvency resolution after unpaid dues dating back to 2019
Karvy Digikonnect Ltd, a Hyderabad-based services company, has invited bids from prospective resolution applicants after the National Company Law Tribunal...