NCLT clears Rs 1,611-crore Shree Naman plan for Gstaad Hotels; secured lenders to recover 138.7% of claims
The Mumbai bench of the National Company Law Tribunal has approved a Rs 1,611-crore resolution plan submitted by Shree Naman...
InsolvencyT
Why Adani is fighting to keep IVRCL’s IOT Utkal stake out of liquidation
IOT Utkal Energy Services Ltd is an SPV incorporated in 2009 to set up crude and product storage facilities on...
CBI books Subhash Chandra, four firms over alleged ₹1,322-crore loan fraud at LIC Housing Finance
The Central Bureau of Investigation has booked Essel Group promoter Subhash Chandra and four borrower companies for allegedly orchestrating a...
Ushdev International returns to auction desk with ₹132-crore asset pool; Uttam Galva Ferrous stake is three-fourths of the block
The liquidator of Ushdev International Ltd has called a fresh e-auction of the failed metals trader's liquidation estate, offering nine...
Seven years, five auctions, two defaulting bidders: How IBC failed IVRCL Ltd
On September 17, the liquidator of IVRCL Limited will try for the fifth time to sell the Hyderabad infrastructure company...
Liquidator puts Fantastic Buildcon hotel structure on the block at ₹80.49 crore
The liquidator of Fantastic Buildcon Pvt Ltd has invited bids for a second e-auction of a bare-shell hotel structure at...
Three plants of Suryajyoti Spinning Mills back on the block at ₹120 crore reserve; Burgul unit missing from lot list
The liquidator of Suryajyoti Spinning Mills Ltd has issued a fresh sale notice for the textile company's three Telangana manufacturing...
Ozone Homes invites bids under insolvency process; EoI deadline September 11
Ozone Homes Private Limited, a real estate company undergoing corporate insolvency resolution process (CIRP), has invited expressions of interest (EoI)...
Subhash Chandra release lender-wise breakup, puts contested personal guarantee claims at Rs 4,262 crore
Essel Group founder Subhash Chandra on Sunday released a lender-wise break-up of the claims filed against him in his personal...
NCLT go-ahead to insolvency process against Subhash Chandra firm Essel Infraprojects
The Mumbai Bench of the National Company Law Tribunal (NCLT) has ordered initiation of corporate insolvency resolution process (CIRP) against...