NCLT gives 3 more months to complete Reliance Capital insolvency process
The Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline for completing the resolution process of...
Main Story
NCLT rejects Ocean Cap Market bid for ARSS Infrastructure Projects
The Cuttack bench of the National Company Law Tribunal on 18 April 2023 rejected the resolution application filed by the...
SME delinquencies will continue to rise despite RBI’s rate pause: Moody’s
Higher interest rates in India have increased repayment amounts and limited refinancing options for SME borrowers with LAP (loans secured...
Future Retail insolvency process gets 90-day extension
The Mumbai bench of the NCLT has granted the exclusion of 90 days from the Corporate Insolvency Resolution Process (CIRP)...
NCLT approves Arcelor Mittal group’s Rs 890-cr resolution plan for Indian Steel Corporation
The Mumbai bench of NCLT has given its nod to the Rs 897-crore resolution plan of AM Mining India Private...
Banks should not ‘earn’ interest on penalty levied on borrowers for non-compliance: RBI
In an important change in rules governing penal charges on loan accounts, the Reserve Bank of India (RBI) has said...
Success of IBC should be judged on number of resolutions not on amount recovered: IBBI Chairman
The success of Insolvency and Bankruptcy Code (IBC) should be evaluated based on the number of resolutions rather than the...
Resolution professional seeks access to ‘inaccessible’ stores, warehouses of Future Retail
The resolution professional for the corporate insolvency resolution process (CIRP) of Future Retail -- Vijay Kumar V Iyer – has...
Second round of auction for Reliance Capital deferred till 26 April
The second round of auctions for Reliance Capital has now been deferred to 26 April after the committee of creditors...
Securitisation volumes in Q4FY23 at Rs 61,000 cr: ICRA
ICRA estimates that securitisation volumes, originated largely by non-banking financial companies (NBFCs) and housing finance companies (HFCs), at Rs. 61,000...