Adani Power given backdoor entry to bidding process, claims former promoter of Coastal Energen
Former promoters of Chennai power company Coastal Energen challenge the resolution plan submitted by the consortium of Dickey Alternate Investment...
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Indian Overseas Bank to sell Rs 13,500 crore NPA loans
Chennai-based Indian Overseas Bank has planned to sell 92 NPAs loan accounts collectively amounting to an aggregate book outstanding of...
Raipur-based consultancy bags govt-owned SAIL-SCL Kerala for Rs 30 crore
Raipur-based consultancy firm Chhattisgarh Outsourcing Services Pvt Ltd has won the bid for government owned SAIL-SCL Kerala Ltd. The Kochi...
NCLT approves Rs 900-cr bid by Macrotech Developers for V Hotels Ltd
Macrotech Developers Limited (MDL) has emerged as the successful bidder for Mumbai-based V Hotels Ltd. The Mumbai Bench of the...
REC drags RattanIndia Power to insolvency court
New Delhi-based RattanIndia Power Ltd is in trouble with one of its financial creditors – government-owned REC Ltd -- moving...
Delhi HC directs DGCA to deregister Go First aircrafts
The Delhi High Court on 26 April 2024 directed the Directorate General of Civil Aviation (DGCA) to process the applications...
Bombay HC restricts power of state-run banks to issue look out circulars
In a significant ruling with far-reaching implications, the Bombay High Court has clipped the wings of state-run banks in their...
NCLT nod to Rosmerta Technologies Rs 59.4-cr bid for Smart Card IT Solns
The Mumbai bench of the NCLT has approved the Rs 59.40-crore resolution plan submitted by Rosmerta Technologies Limited for Smart...
SC says special court presided over by sessions judge can try complaints under IBC
A special court presided over by a sessions judge or an additional sessions judge has the jurisdiction to try a...
Shree Veerakumar Fibre acquires Uthara Fashion Knitwear for Rs 26 cr
Uthara Fashion Knitwear Limited, a Tamil Nadu-based textile company with over 30 years of experience, has been acquired by Shree...