NCLT approves Rs 343-crore resolution plan for Snehanjali and SB Developers
The National Company Law Tribunal (NCLT), Mumbai Bench-VI, has approved the Rs 343-crore resolution plan for Snehanjali and SB Developers...
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SC stays NCLAT order asking NBCC to build stalled projects of Supertech
The Supreme Court of India has stayed the National Company Law Appellate Tribunal's (NCLAT) order appointing NBCC (India) Limited as...
NCLT Mumbai approves ₹44.5 crore resolution plan for Vidhant Realty
The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Cubical Realty Pvt...
Anil Ambani’s Reliance Big sold to ACME Group founder for Rs 3.5 crore
The financial creditors of would take a 99.5% haircut in the resolution of erstwhile Anil Ambani-promoted Reliance Big Private Limited’s...
IL&FS Group to make interim payment of Rs 5,000 crore to creditors
IL&FS Group companies have initiated an interim distribution of Rs 5,000 crore – including Rs 3,500 crore of Infrastructure Investment...
NCLT approves JSW Energy’s Rs 16,000cr resolution plan for KSK Mahanadi Power
The Hyderabad bench of the National Company Law Tribunal (NCLT) has officially approved the Rs 16,084-crore resolution plan proposed by...
Steps taken by IBBI to strengthen liquidation process
The Insolvency and Bankruptcy Board of India (IBBI) has introduced significant reforms to enhance liquidation outcomes under the Insolvency and...
Liquidity easing to moderate Indian banks’ net interest margins pressure as rates fall: Fitch Ratings
Pressure on Indian banks' net interest margins (NIM) from cuts in policy interest rates should be moderated by the Reserve...
SC upholds prior CCI approval mandate in HNGIL CIRP; quashes AGI Greenpac’s resolution plan
The Supreme Court of India has ruled that the Competition Commission of India (CCI) must approve any merger involving a...
IBBI proposes end to ‘Going Concern’ sales in liquidation for faster resolutions
The Insolvency and Bankruptcy Board of India (IBBI) has proposed to eliminate the provision allowing sale of corporate debtors (CD)...