Bank of India classifies Rs 616-crore loan to Rolta India Ltd as fraud
Bank of India has classified its Rs. 616.30 crore exposure to debt-ridden Rolta India Ltd as fraud, according to a...
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Adanis, JSW, Vedanta among 26 bidders in race for Jaiprakash Associates assets
Jaiprakash Associates Limited (JAL), the flagship company of the Jaypee Group, is at the centre of one of India's most...
Assets of Jaiprakash Associates up for grabs under insolvency process
Jaiprakash Associates Limited (JAL) is currently undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016...
Rs 17.5 lakh crore bad loans written-off in past 10 years by Indian banks: Govt
The Indian government has disclosed that scheduled commercial banks (SCBs) have written off a staggering ₹17.5 lakh crore in bad...
ACME Cleantech buys another Anil Ambani-promoted company Reliance Infrastructure Consulting & Engineers
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Manoj Kumar Upadhyay...
Moody’s affirms ratings of IndusInd Bank; places baseline credit assessment under review for downgrade
Moody’s Ratings has affirmed IndusInd Bank Limited’s Ba1 long-term foreign currency (FC) and local currency (LC) bank deposit and issuer...
Include more details of carry forward losses in information memorandum: IBBI
The Insolvency and Bankruptcy Board of India (IBBI) has tightened disclosure requirements for Insolvency Professionals (IPs), mandating them to include...
Edelweiss ARC refutes Ecstasy Realty’s fund diversion allegation
Edelweiss ARC has issued a detailed press statement refuting a media report that alleged a ₹750 crore fraud case filed...
Pioneer Channel Factory files for its own insolvency under Section 10 of IBC
Pioneer Channel Factory, a Mumbai-based company, has filed for the initiation of its Corporate Insolvency Resolution Process (CIRP) under Section...
NCLT approves Rs 47-crore resolution plan for HBS Auto & ANC SEZ
The National Company Law Tribunal (NCLT), Mumbai Bench-I, has approved the Rs 47.08 crore resolution plan for HBS Auto & ANC...