Consumer bankruptcies in US increase 27% in October
Consumer bankruptcies (chapter 13 filings) in the US increased 27% to 13,627 in October 2022 from the 10,767 filings in...
InsolvencyT
Piramal group withdraws insolvency application against Reliance Power
Piramal Capital and Housing Finance Limited has withdrawn the insolvency application made against Reliance Power Limited and one of its...
Bilcare Ltd to undergo insolvency resolution process after NCLT allows ARCIL petition
The Mumbai bench of the National Company Law Tribunal (NCLT) has allowed the initiation of Corporate Insolvency Resolution Process (CIRP)...
Reliance Retail among 13 bidders vying for Future Retail business
As many as 13 suitors including Reliance Retail Ventures Ltd have bid for Future Retail Ltd, the Kishore Biyani-promoted retail...
Existing shareholders may get a pie of stake in the new entity post-CIRP
The Securities and Exchange Board of India (Sebi) has proposed that existing public equity shareholders of a corporate debtor should...
SC approves resolution plan of ArcelorMittal for Odisha Slurry Pipeline Infrastructure
In a significant victory for the ArcelorMittal Group, the Supreme Court of India on 10 November 2022 approved the resolution...
Insolvency regulator revokes a dozen circulars
The Insolvency and Bankruptcy Board conducted an exercise of review of regulations, circulars based on experience gained. It is observed...
Titagarh Wagons get temporary reprieve; NCLAT halts insolvency proceedings
Titagarh Wagons Ltd gets a temporary reprieve from the National Company Law Appellate Tribunal (NCLAT) when it stayed the initiation...
Monetary penalty for certain non-disclosures and contraventions by insolvency professionals
Here are the list of monetary penalty mandated by the insolvency regulator for certain non-disclosures and non-compliances by insolvency professionals...
Srei Equipment Finance reports Rs 1,500 cr more fraudulent transactions
More fraudulent transactions have been detected by the forensic auditors in Srei Equipment Finance, a wholly owned subsidiary of Srei...