ATS HomeKraft repays ₹1,250 crore to HDFC Capital Fund ahead of schedule
In a rare early exit in India’s residential real estate sector, mid-income housing developer ATS HomeKraft has fully repaid ₹1,250...
InsolvencyT
ED raids expose alleged bid rigging, undervalued land sale in IBC process
The Directorate of Enforcement (ED), Gurugram Zonal Office, has conducted sweeping search operations across six locations in Delhi and Gurugram,...
ED attaches Rs 1,452-cr assets linked to RCom fraud; Total attachments near Rs 9,000 crore
The Enforcement Directorate (ED) has provisionally attached properties worth ₹1,452.51 crore in connection with its money-laundering probe into the alleged...
Legal cloud over Sammaan Capital and Supreme Court’s push for accountability
The case involving Sammaan Capital Limited (SCL), formerly known as Indiabulls Housing Finance, is a long-running legal and corporate saga...
Lenders approve Adani group’s Rs 14,500-crore bid for Jaiprakash Associates
The acquisition of Jaiprakash Associates Ltd (JAL) by Adani Enterprises Ltd (AEL) marks a significant moment in the ongoing resolution...
Insolvency regulator moves to protect homebuyers, boosts transparency in bankruptcy process
In a significant move aimed at protecting homebuyers, the Insolvency and Bankruptcy Board of India (IBBI) has proposed a major...
India’s insolvency regulator proposes unified valuation standard
The Insolvency and Bankruptcy Board of India (IBBI) has unveiled a comprehensive set of proposals aimed at overhauling the valuation...
IL&FS seeks overhaul of creditor committees after ₹18,665 crore payout
Infrastructure Leasing & Financial Services Ltd. (IL&FS) has informed the National Company Law Appellate Tribunal (NCLAT) that it has discharged...
NCLT approves Rs 12.80-cr resolution plan for Sterling Healthcare
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved the Rs 12.80-crore resolution plan submitted by Kanak S. Kewalramani...
ED arrests former Jaypee Group chief Manoj Gaur in money-laundering case
The Enforcement Directorate (ED) on Thursday arrested Manoj Gaur, former executive chairman and CEO of Jaiprakash Associates Ltd (JAL) and...