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...
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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...
Byju’s files FIR against resolution professional, EY partners
Edtech startup Byju’s has filed an FIR against those involved in a criminal conspiracy against the company, founder of the...
Nuvoco Vistas Corp gets NCLT nod to acquire Vadraj Cement for ₹1,800 cr
Nuvoco Vistas Corp Ltd, a Mumbai-based cement manufacturer, has received the National Company Law Tribunal (NCLT) Mumbai Bench’s approval to...
Authum Investment & Infrastructure emerges successful bidder for Vas Infrastructure
Authum Investment & Infrastructure Ltd. (BSE: 539177, NSE: AIIL) has been declared the Successful Resolution Applicant (SRA) for Vas Infrastructure...
Supreme Court upholds Piramal’s resolution plan for DHFL; overrules NCLAT decision
In a landmark judgment, the Supreme Court of India has upheld the resolution plan submitted by Piramal Capital and Housing...
India’s credit quality outlook remains positive despite global uncertainties, says Crisil
Crisil Ratings reported a credit ratio of 2.64 times for the second half of fiscal 2025, slightly lower than the...
‘ARCs lack capital, operational heft to revive stressed assets meaningfully’
Anita Shah, Joint Secretary at the Ministry of Corporate Affairs, has underscored the need for a calibrated strategy to address...
RBI revises norms for govt-guaranteed security receipts issued by ARCs
Banks and financial institutions transferring stressed loans to ARCs can now reverse excess provisions to their Profit & Loss (P&L)...
Shree Naman Developers buys out insolvent Neptune Developers for Rs 391 crore
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved the Rs 391 crore resolution plan for Neptune Developers Limited,...