GST dept paves way for reduced tax demand on companies undergoing insolvency process
The Central Board of Indirect Taxes and Customs (CBIC) through a circular issue recently has directed the jurisdictional commissioners of...
InsolvencyT
NCLT approves Swan Energy’s Rs 2,108 crore resolution plan for Reliance Naval and Engineering
The National Company Law Tribunal (NCLT) has approved the resolution plan of Swan Energy and Hazel Mercantile Limited (HML) to...
More private equity funded US companies have filed for bankruptcies in 2022
More private equity (PE) funded companies are filing for bankruptcies in the US in 2022, according to an S&P Global...
Realised value should not be compared with admitted claims to judge CIRP’s success: RBI
The banking regulator -- Reserve Bank of India (RBI) – has said that a comparison of realised value with admitted...
Andhra Cements CoC decides to put two resolution plans to e-voting
The Committee of Creditors (CoC) of Andhra Cements has decided to put to e-voting both the resolution plans for approval...
Road InvITs improve the credit quality of Rs 46,000 crore debt: Crisil
Infrastructure investment trusts (InvITs) in the roads sector have enhanced the credit quality1 of around Rs 46,000 crore debt till...
CoC for RCI Industries constituted; Rs 268 crore claims submitted
The committee of creditors (CoC) for resolution of RCI Industries and Technologies Ltd insolvency case has been recently constituted with...
Registered company bankruptcies in UK rose 21% in Nov’22
The number of registered company bankruptcies in the UK in November 2022 was 2,029, 21% higher than in the same...
Hinduja Group ahead in the race to acquire Reliance Capital
Hinduja Group is ahead in the race to acquire Reliance Capital after it revised the bid price to Rs 9,500...
CBI files case against Corporate Power Ltd for defrauding banks of Rs 4,038 crore
The Central Bureau of Investigation (CBI) has registered a case against Kolkata-based Corporate Power Ltd, its promoters/directors and others on...