Base Corporation up for sale ‘again’ at reserve price of Rs 67.57 crore
After many failed attempts in the past, Base Corporation Limited (in Liquidation), a company previously involved in the manufacturing of...
InsolvencyT
Insolvency regulator amends rules to enhance disclosure on avoidance transactions
In a significant move aimed at to bring greater scrutiny to past financial dealings of distressed companies, particularly those termed...
Adani Power completes acquisition of Vidarbha Industries Power
Adani Power Ltd. (APL), India’s largest private thermal power producer, has successfully completed the acquisition and resolution plan implementation of...
Aakash sends legal notice to EY alleging conflict of interest, professional misconduct
Aakash Educational Services Ltd (AESL) has served a second legal notice through Senior Advocate CV Nagesh to multiple partners and...
Anil Ambani’s Reliance Media Works to face insolvency proceedings
The National Company Law Tribunal (NCLT), Mumbai Bench, has ordered the initiation of the Corporate Insolvency Resolution Process (CIRP) against...
Another startup — Zyngo EV Mobility — faces insolvency proceedings
The National Company Law Tribunal (NCLT), Chandigarh Bench, has admitted an insolvency petition against Zyngo EV Mobility Private Limited, thereby...
SBI classifies RCom loan account as fraud; reports Anil Ambani to RBI
State Bank of India (SBI), the country's largest lender, has classified the loan account of the insolvent telecom firm Reliance...
Adani Properties successfully bids for two HDIL projects
The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved the Resolution Plans for two projects of Housing...
Rs 167-cr Nakoda assets go under the hammer; e-auction set for July 28
Nakoda Limited, a company currently undergoing liquidation, has announced an e-auction for the sale of its assets, either as a...
How Indian agencies are combatting the menace of Mule Account
A mule account is a bank account (which can be a savings, current, or corporate account) opened by individuals or...