NCLT admits Howrah wagon rebuilder Oscorp Industries to insolvency, rejects ‘joint venture’ defence
The National Company Law Tribunal's Kolkata bench has admitted Oscorp Industries Private Limited, a Howrah-based railway wagon rebuilder, into the...
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Seven years on, Alok Industries remains an IBC outlier as RIL deconsolidates the textile unit
The RIL disclosures indicate that, seven years after the RIL-JM Financial ARC consortium took control of Alok Industries through the...
The long descent: how Jet Airways is being sold off, bit by bit
In a warehouse at Mahipalpur, on the road out of Delhi airport, sat a Maruti Alto LXI, registration DL3CAW7262. On...
Insolvency sword hanging over Reliance Power
Reliance Power Limited's annual report for 2025-26 shows the company entangled in insolvency proceedings on multiple fronts, with a lender...
Parliamentary panel recommends clearing corporations get overriding priority over IBC in Securities Markets Code
The Standing Committee on Finance has recommended a change to the Securities Markets Code, 2025 that would give clearing corporations'...
Rs 149-cr assets of Ushdev International up for sale under liquidation process
Liquidator Trupalkumar J Patel has invited bids for 14 lots of land, windmills, equity shares and advance receivables belonging to...
NCLT approves Rs 367.93-crore resolution plan for Three C Green Developers, orders CBI probe into Noida Sports City land scam
The National Company Law Tribunal's Special Bench (Court-II) has approved a Rs 367.93 crore resolution plan submitted by Gurgaon-based Hynite...
NCLT clears Rs 30.33-crore resolution plan for Indian Soya Industries
The National Company Law Tribunal (NCLT) has approved the Rs 30.33-crore resolution plan submitted by Maa Annapurna Agritech Pvt Ltd,...
RBI caps holding period for immovable assets acquired from bad loans at seven years
Commercial banks will now have to dispose of immovable assets acquired from defaulting borrowers within a maximum of seven years,...
Neeta Chemicals asset up for e-auction under IBC; Hyderabad land parcel valued at ₹21 crore
A Hyderabad-based land parcel belonging to Neeta Chemicals (India) Private Limited, which is undergoing liquidation under the Insolvency and Bankruptcy...