NCLT approves Orissa Metaliks Rs 595-cr bid for Metenere Limited
The New Delhi bench of the National Company Law Tribunal (NCLT) has approved the Rs 595-crore resolution plan by Orissa...
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IBBI proposes more reforms to streamline real estate insolvency processes
A significant overhaul of India's insolvency and bankruptcy code (IBC) is on the horizon, with a particular focus on real...
SC orders liquidation of Jet Airways
The Supreme Court in a pathbreaking judgment dashed all the hopes of revival of the Jet Aiways as it overturned...
Restaurant chain TGI Fridays files Chapter 11 bankruptcy in US
TGI Fridays Inc, the owner and operator of the TGI Friday’s casual dining chain, on 2 November filed voluntary petitions...
Centralized platform — eBKray — to streamline liquidation process, boosts recovery rates
The Insolvency and Bankruptcy Board of India (IBBI) has announced a significant shift in how assets are sold during corporate...
SC junks Byju’s, BCCI settlement; paves way for insolvency of edtech firm
Founder Byju Raveendran is increasingly looking like losing control of his once-unicorn startup Byju’s. In a major setback to the...
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...
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...