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)...
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Adani Group accelerates distressed asset acquisitions via insolvency resolution route
The Adani Group has emerged as a dominant force in India's distressed asset market, strategically leveraging the Insolvency and Bankruptcy...
ED restores assets worth Rs 55.86 crore to successful bidder in Era Infra Engineering case
With the aim of returning misappropriated assets to rightful claimants, the Directorate of Enforcement (ED) has restored properties valued at...
NCLT initiates insolvency proceedings against Gstaad Hotels over Rs 666 crore default
The Mumbai Bench of the National Company Law Tribunal (NCLT) has delivered an order initiating the Corporate Insolvency Resolution Process...
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...
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...