Another Kishore Biyani firm Future Ideas Company to face insolvency proceedings
The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a corporate insolvency petition against Future Ideas Company Limited (FICL),...
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NCLT approves Rs 318 cr Lulu International resolution plan for Manjeera Retail
The National Company Law Tribunal (NCLT), Hyderabad Bench, has approved a resolution plan for Manjeera Retail Holdings Private Limited (MRHPL)....
GMR Group’s strategic sale of power assets to reduce debt, strengthen finances
GMR Power and Urban Infra Limited (GPUIL) has announced plans to divest its stake in non-operating and stressed assets. This...
Reliance Infrastructure arm SU Toll Road goes into insolvency
State Bank of India (SBI) has initiated insolvency proceedings against SU Toll Road Private Limited (SU Toll Road), a wholly-owned...
NCLAT orders PNB to refund Rs 4.5 crore to liquidator of Vegan Colloids
In a recent judgment, the National Company Law Appellate Tribunal (NCLAT) overturned an order by the National Company Law Tribunal...
NCLT admits insolvency plea against New Bombay Paper Mills over ₹3.02 crore default
Mumbai, April 2, 2025: The National Company Law Tribunal (NCLT), Mumbai Bench-IV, has admitted an insolvency petition filed by Maheshwari Fuelchem Private...
Tata Steel moves HC against I-T notice for Rs 25,000 crore loan waiver linked to Bhushan Steel acquisition
Tata Steel Limited has approached the Bombay High Court challenging a reassessment order issued by the Income Tax Department regarding...
Vijay Mallya takes a dig at resolutions under IBC; points out high haircuts taken by banks
Former promoter of United Breweries and Kingfisher Airlines Vijay Mallya has taken to social media platform X peeving about how...
NCLAT allows banks to pursue action against former IL&FS directors not on current board
The National Company Law Appellate Tribunal (NCLAT) has allowed Canara Bank and Indian Bank to proceed with actions to classify...
IL&FS resolution process nears completion; Rs 45,281 cr debt discharged as of March’25
The resolution process for Infrastructure Leasing & Financial Services Limited (IL&FS) and its group entities has made significant progress, with Rs...