NCLT approves Rs 1080-crore resolution plan for DS Kulkarni Developers
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the Rs 1080-crore resolution plan submitted by the...
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Tilaknagar Inds arm Prag Distillery moves out of liquidation process
Prag Distillery Pvt. Ltd, the wholly-owned subsidiary of Tilaknagar Industries Limited (TI) has moved out of liquidation process as a...
CoC of Future Enterprises reconstituted; financial creditors submits Rs 12,265 crore claims
The interim resolution professional of Future Enterprises Ltd has reconstituted the Committee of Creditors, and admitted claims of more than...
Over Rs 19,000-crore claims submitted by Go Airlines ticket holders, agents, vendors and lessors
Go Airlines operational creditors -- which include individual ticket holders, agents/aggregators/payment gateways, vendor and lessors – have so far submitted...
Gujarat Urja Vikas Nigam Ltd Vs Amit Gupta: Termination of PPA by creditor contrary to objective of IBC
The Supreme Court of India in the case of Gujarat Urja Vikas Nigam Limited Vs Amit Gupta and others, delivered...
ICAI formulates new scheme of education in line with NEP
The Institute of Chartered Accountants of India (ICAI) has formulated the New Scheme of Education and Training in lines with...
Midland Polymers CoC approves resolution plan by Gudapu Reddy Sreedar Reddy
The committee of creditors (CoC) of Midland Polymers has approved the resolution plans submitted by Gudapu Reddy Sreedar Reddy with...
Jyoti Structures fate hangs in balance as successful bidder fails to make timely payments
More than four years after the NCLT approved the resolution plan of Jyoti Structures, the company is again facing the...
RBI issues FAQs on circular regarding settlement with wilful defaulters
After the outrage over its new circular over compromise settlement with wilful defaulters, the Reserve Bank of India (RBI) has...
US corporate bankruptcies tick up in May; YTD total highest since 2010
US corporate bankruptcies crept higher in May over the prior month as higher interest rates and a slowing economy are...