BoI classifies Reliance Communications loan accounts as fraud
Reliance Communications Limited (RCOM) has disclosed that Bank of India has classified the loan accounts of RCOM, its subsidiary Reliance...
InsolvencyT
Fugitive bizman Nitin Sandesara’s Sterling SEZ goes to auction with reserve price of Rs 324 crore
Sterling SEZ and Infrastructure Limited (in liquidation) is set to be auctioned on September 15, 2025, with a reserve price...
NCLAT upholds Rs 390-crore resolution plan for Neptune Developers
The National Company Law Appellate Tribunal (NCLAT), Principal Bench in New Delhi, has dismissed two appeals filed by the Central...
NCLT approves Rs 2,072-cr resolution plan for Hindustan National Glass
The National Company Law Tribunal (NCLT) has officially approved a resolution plan for Hindustan National Glass & Industries Limited (HNGIL)...
SU Toll Road of Reliance Infrastructure to undergo insolvency proceedings
In a significant move that highlights the ongoing challenges in India's infrastructure sector, the National Company Law Tribunal (NCLT) in...
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...
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...