SC questions Jalan-Kalrock consortium over Jet Airways resolution plan
The Supreme Court has questioned the compliance and merits of the successful resolution applicant’s (SRA’s) performance as per the resolution...
Main Story
Tupperware files for Chapter 11 bankruptcy
The once-popular Tupperware brand, synonymous with colorful, airtight food storage containers, has filed for bankruptcy protection. The company, whose sales...
Gini & Jony kidswear brand to undergo insolvency proceedings
Indian kid's fashion brand Gini & Jony, promoted by Lakhani brothers, will undergo corporate insolvency resolution process after the Mumbai bench...
Max Healthcare to acquire 64% in Jaypee Healthcare for Rs 1.7k cr
Max Healthcare (MHIL) will 64% stake in financially stressed Jaypee Healthcare (JHL) for an enterprise value of Rs 1,660 crore. Max...
ED attaches Rs 5,115-cr assets of Amtek Auto group
Directorate of Enforcement (ED), Gurugram Zonal Office, has provisionally attached movable and immovable properties valuing Rs 5,115.31 crore of Amtek...
NCLAT stays implementation of Coastal Energen resolution plan
In a setback to the consortium of Dickey Alternative Investment Trust (DAIT) and Adani Power, the Chennai bench of the...
Adani Power acquires yet another energy company through CIRP
Adani Power, which recently acquired yet another power company – Coastal Energen – in consortium with Dickey Alternative Investment Trust,...
Adani Power consortium acquires Coastal Energen for Rs 3,335 crore
The National Company Law Tribunal (NCLT) recently approved the resolution plan submitted by Dickey Alternative Investment Trust (DAIT) in consortium...
Early warning alerts from NeSL Information Utility
NeSL serves as a central repository for debt obligations and defaults across all entities within the country. Acting as an...
Lenders to Reliance Capital raise concerns over Rs 7,300 cr debt mobilisation by IIHL
Lenders to debt-ridden Reliance Capital (RCAP) have raised concerns regarding the term sheet provided by the Hinduja Group firm IIHL...