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...
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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...
Universal Buildwell resolution plan approved by NCLT: Key highlights and creditor payouts
The National Company Law Tribunal (NCLT) has approved the Rs 55.6 crore resolution plan for Universal Buildwell Private Limited submitted byUniversal...
NCLT approves Rs 237-crore resolution plan for Leo Meridian Infrastructure Projects & Hotels
The National Company Law Tribunal (NCLT), Hyderabad Bench, has approved the resolution plan for Leo Meridian Infrastructure Projects & Hotels Ltd. (Corporate...
NCLAT upholds penalty against Santoshi Finlease for malicious insolvency petition
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by Santoshi Finlease Private...
NCLT directs Jaiprakash Associates to continue with single resolution plan option
In a significant development, the National Company Law Tribunal (NCLT), Allahabad Bench, has directed Jaiprakash Associates Limited (JAL) to continue...
Pooja Bahry: A pioneering woman in India’s insolvency sector
The National Company Law Tribunal (NCLT), New Delhi, recently approved the Rs 41.26-crore resolution plan submitted by The Statesman Limited for the...
ATS Infrabuild to undergo insolvency process for Rs 5-crore default
The National Company Law Tribunal (NCLT), New Delhi Bench, has admitted an insolvency petition filed by IDBI Trusteeship Services Private...
CIBIL report indicates credit uptake among women grows by 22% annually since 2019
The number of women availing credit in India has surged at a compound annual growth rate (CAGR) of 22% between 2019...
RBI eases risk weight norms for bank exposures to NBFCs, reverses earlier hike
In a significant move to ease liquidity pressures on Non-Banking Financial Companies (NBFCs), the Reserve Bank of India (RBI) has...