JSW Energy to acquire KSK Mahanadi Power for Rs 15,985 crore
JSW Energy Limited has received the Letter of Intent (LoI) for its resolution plan to acquire KSK Mahanadi Power Company...
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IBBI mandates eBKray auction platform for liquidation processes
In a significant move to enhance transparency and streamline the liquidation process, the Insolvency and Bankruptcy Board of India (IBBI)...
Consortium of three power cos acquires Karvy Data Management Services for Rs 159 crore
The consortium of Sangamam Power Projects Private Limited, Sirmour Small Hydro Power Private Limited and Sharp Ventures Private Limited has...
Metro Tyres drags Hero Electric to insolvency court over payment of Rs 1.85 crore
The New Delhi bench of the National Company Law Tribunal has admitted the insolvency petition filed by operational creditor Metro...
RBI Dy Governor finds several lacunae in working of Committee of Creditors
Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao emphasized the need for significant improvements in the functioning of...
Hinduja Group to complete Reliance Capital acquisition by Jan 2025-end
Hinduja Group company IIHL is on the verge of completing its acquisition of debt-ridden Reliance Capital (RCAP) by the end...
Reliance Industries arm buys insolvent Karkinos Healthcare for Rs 352 crore
Reliance Strategic Business Venture Limited, a subsidiary of Mukesh Ambani-led Reliance Industries Ltd, has successfully bid for Karkinos Healthcare Pvt...
ED hands over ₹4,025-cr asset of Bhushan Power and Steel to JSW
The Directorate of Enforcement (ED) has restituted assets worth ₹4,025 crore to JSW Steel Ltd., the Successful Resolution Applicant (SRA)...
New committee to look into fresh list of accounts to be transferred to NARCL
The finance ministry has set up a committee under the chairpersonship of SBI chairman examine and submit a fresh list...
NCLAT upholds financial creditor status of Compulsorily Convertible Debentures holders
In a significant ruling, the National Company Law Appellate Tribunal (NCLAT) has clarified that Compulsorily Convertible Debentures (CCDs) can be...