IBC helped recovery of 14% bad loans in FY24: SBI Annual Report
The SBI Annual Report for FY24 says that the bank made recoveries from AUCA accounts to the tune of Rs...
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EaseMyTrip CEO pulls out of race for Go First airline
Nishant Pitti, CEO of travel website EaseMyTrip, announced on Saturday that he is no longer pursuing the acquisition of Go...
EoI invited from prospective bidders for Morarjee Textiles
The resolution professional of Morarjee Textiles Ltd, an Ashok Piramal Group company, has invited expression of interest from prospective bidders...
Creditors recover Rs 3.36 lakh crore from 947 resolved CIRPs till 31 Mar’24
In the seven full (financial) years of Insolvency and Bankruptcy Code (IBC) since 2017-18, the new loan recovery system has...
Litigation finance in India: Opportunities and challenges
The landscape of legal dispute resolution is undergoing a seismic transformation, due to the emergence of Litigation Funding or Third-Party...
RBI meets heads of ARCs amid reports of use of unfair recovery methods
The Reserve Bank of India (RBI) held a meeting with heads of Asset Reconstruction Companies (ARCs) following concerns about their...
NCLT approves Rs 1,600 crore Deccan Value Investors bid for Metalyst Forgings
The Mumbai bench of the NCLT has approved the Rs 1,600 crore resolution plan submitted by submitted by a consortium...
NCLAT sends Sarda Energy & Minerals resolution plan for SKS Power Generation to NCLT for reconsideration
A bench comprising of Justice (Retd) Ashok Bhushan, Chairperson, and Arun Baroka, Member (Technical) of the National Company Law Appellate...
NCLT approves Sapphire Media’s Rs 261-cr bid for Reliance Broadcast Network
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the Rs 261 crore resolution plan submitted by...
IIHL overhauls corp structure for Reliance Capital deal
With barely 20 days left for the deadline for closing the resolution plan, successful resolution applicant IIHL has changed the...