NCLT dismisses insolvency petition against OYO Hotels
The National Company Law Tribunal (NCLT) has rejected Mindmill Software's application to initiate corporate insolvency resolution proceedings against OYO Hotels...
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Economic momentum to support improvement in Indian bank asset quality, profitability in 2024: Fitch
Fitch Ratings expects greater divergence in the performance of banking sectors in Asia Pacific (APAC) in 2024, with five countries...
Special Situation Funds should not be used to circumvent Section 29A of IBC: Sebi
The Securities and Exchange Board of India (SEBI) has proposed stricter due diligence requirements for investors in Special Situation Funds...
Kirloskar Electric Company Ltd faces insolvency proceedings
Kirloskar Electric Company Limited (the Company) has informed the exchanges announced that it has been served with an application by...
RP detects Rs 2,155 cr fraudulent transaction in Future Retail
In a significant development, the Resolution Professional (RP) of Future Retail Limited (FRL) has filed an application before the National...
Challenges and way forward for real estate insolvencies in India
Anchal Jindal, an insolvency expert, discusses the challenges of and way forward for real estate insolvencies in the country. Real...
Know more about Chapter 11 bankruptcy in America
Chapter 11 bankruptcy is a type of bankruptcy that allows businesses and individuals to reorganize their debts and stay in...
WeWork files for Chapter 11 bankruptcy protection in US; India operations unaffected, says CEO Virwani
On 7 November 2023, WeWork filed for Chapter 11 bankruptcy protection in the United States. This came after years of...
Homebuyers may get possession of flats/plots during insolvency process of real estate firm
The Insolvency and Bankruptcy Board of India (IBBI) has proposed an array of changes to make corporate insolvency resolution process...
Jaiprakash Associates defaults on payment of Rs 4,258 crore loan
Jaiprakash Associates Ltd (JAL), the flagship company of the crisis-hit Jaypee Group, has defaulted on loans amounting to Rs 4,258...