GAIL (India) infuses Rs 2,101 crore in JBF Petrochemicals
GAIL (India), the government-owned natural gas transmission company, has infused Rs 2,101 crore in JBF Petrochemicals Limited (JBFPL), a company...
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2023 proving to be a tough year for airlines as many file for bankruptcy
The year 2023 has come as tough year for the airlines industry across the world. Even as India's low-cost carrier...
Financial creditors of Future Lifestyle Fashions submit Rs 2,155 crore claims
The financial creditors of Future Lifestyle Fashions Ltd have submitted claims of Rs 2,155 crore, out of which Rs 2,117...
Go First lessors initiated parallel proceedings despite NCLAT directive to NCLT: IRP in Delhi HC
The Interim Resolution Professional (IRP) for Go First argued on 30 May 2023 that the airline's cash-strapped situation led its...
Amount involved in bank frauds halved to Rs 30,252 crore in FY23
The amount involved in bank frauds continue to fall significantly over the years, as FY23 saw 13,520 bank frauds involving...
Reliance Capital creditors decide ‘equitable’ treatment to lenders; plan payouts in proportion to dues
In a significant move, the Committee of Creditors (CoC) of Reliance Capital has voted to make payment to all the...
Employees union drags news agency UNI to insolvency court
Employees of United News of India (UNI) has dragged the news agency to NCLT, which on 19 May admitted the...
Jalan-Kalrock consortium gets 108 more days to infuse capital into Jet Airways
The Lenders and successful resolution applicant (SRA) should work in coordinated manner for revival of Jet Airways, so as to...
DS Group acquires Viceroy Bangalore Hotels through insolvency process
The NCLT has approved the Rs 300-crore resolution plan by Gutkha manufacturer Dharampal Satyapal Limited (DS Group) for Viceroy Bangalore...
Four questions of law addressed by NCLAT in Go Air order
In upholding the 10th May 2023 order of the New Delhi bench of the NCLT, allowing admission of insolvency petition...