East India Drums & Barrels Mfg to take over Precision Containeurs
The Mumbai bench of the NCLT has the resolution plan submitted by East India Drums & Barrels Mfg Pvt Ltd...
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GoFirst files for insolvency; fate of 5k employees hangs in balance
In a major setback for India's aviation sector, low-cost carrier GoFirst has applied for voluntary corporate insolvency resolution proceedings under...
Creditors of Starlit Power Systems submit Rs 45 crore claims
The creditors of Starlit Power Systems Limited, which is under corporate insolvency resolution process, has submitted claims of Rs 45.28...
308 real estate projects in state undergoing CIRP: Maha RERA
The Maharashtra Real Estate Regulatory Authority (RERA) has released a list of 308 projects from around 60 real estate companies...
What is Section 29A of IBC?
Section 29A: Persons not eligible to be resolution applicant. A person shall not be eligible to submit a resolution plan,...
Jet Airways revival in doubt after resignation of CEO designate
The CEO-designate of Jet Airways 2.0, Sanjiv Kapoor, has resigned, dealing a significant blow to the airline's revival efforts. Kapoor,...
Reliance Capital lenders to meet today; IIHL to present its resolution plan
So, what is next in the Reliance Capital insolvency proceedings after the Hinduja Group firm IIHL made the winning bid...
Sathavahana Ispat merges with Jindal Saw after latter pays full resolution amount
Successful resolution applicant Jindal Saw Limited has released the entire amount of Rs 694 crore for Hyderabad-based Sathavahana Ispat, the...
Hindujas emerge highest bidder with Rs 9,650 crore bid for Reliance Capital
Reliance Capital corporate Insolvency Process has come closer to completion with Hinduja Group firm IIHL emerging as the highest bidder...
Intent of corporate debtor irrelevant in establishing existence of preferential transaction: NCLAT
Can money arranged from relative by a corporate debtor be held as preferential transaction? The National Company Law Appellate Tribunal...