ED attaches Rs 70.39 cr assets of Kapil, Dheeraj Wadhawan in DHFL bank fraud case
The Enforcement Directorate (ED) has provisionally attached assets worth Rs. 70.39 crore belonging to Kapil Wadhawan and Dheeraj Wadhawan in...
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NCLT allows withdrawal of insolvency petition against Bajaj Hindusthan
The NCLT has allowed the withdrawal of insolvency petition filed by State Bank of India (SBI) against Bajaj Hindusthan Sugar....
Why is J&J considering filing bankruptcy in US?
Johnson & Johnson (J&J) is considering filing bankruptcy for a third time to resolve the thousands of lawsuits alleging that...
Insolvency professionals may be allowed to undertake 10 assignments at a time
The Insolvency and Bankruptcy Board of India (IBBI) proposes to increase the number of assignments an individual insolvency professional can...
Himadri Speciality, Dalmia Bharat Refractories to acquire Birla Tyres for Rs 347 crore
The Kolkata Bench of the NCLT has approved the Rs 347 crore resolution plan jointly submitted by Himadri Speciality Chemical...
Empowering legal heirs of debtors to participate in insolvency resolution
Prachi Apte a research associate at IBBI and Sushanta Kumar Das, deputy general manager at IBBI advocate for a revised...
ED raids premises of Opto Circuits in Rs 883-crore bank fraud case
Directorate of Enforcement (ED) has carried out search operations on 17 October 2023 under the provisions of the Prevention of...
NCLT approves Rs 74.81-crore resolution plan for Ujaas Energy
The Rs 74.81 crore resolution plan submitted by consortium of SVA Family Welfare Trust and M&B Switchgears for Ujaas Energy...
Amalgam Steel acquires Topworth Steel and Power for Rs 260 crore
The NCLT has approved the Rs 260-crore resolution plan of Amalgam Steel and Power Limited for bankrupt Topworth Steel and...
ED raids Ex-MD of Bhushan steel in Rs 56,000 loan fraud case
The Enforcement Directorate (ED) conducted search and survey operations on 13 October 2023 at 30 locations in Delhi NCR, Haryana,...