Resolution professional has failed to safeguard assets of Future Retail, claims proxy advisory firm
Proxy advisory firm Ingovern Research Services has written a letter to Securities and Exchange Board of India (Sebi) bringing to...
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Insolvency application against Rediff.com rejected by tribunal
Insolvency petition against Rediff.com, the Mumbai-based News and Information, Enterprise Email Services and Online Shopping Marketplace firm, was rejected by the National Company...
NCLT gives nod to initiate insolvency proceedings against Technofab Engineering
Corporate insolvency resolution process (CIRP) has been initiated against Technofab Engineering Limited, the New Delhi-based engineering and construction company informed...
Insolvency regulator revises fees for insolvency professionals, IPEs
The insolvency regulator -- Insolvency and Bankruptcy Board of India -- has recently effected revisionof existing fee structure along with...
Jio’s acquisition of Reliance Infratel: Not a done deal yet
The National Company Law Tribunal (NCLT) has given its go-ahead to Reliance Jio to implement the resolution plan for Reliance...
IPs who claw back maximum value lost in fraudulent transactions should get a premium in the market
Former chairperson of Insolvency and Bankruptcy Board of India (IBBI) MS Sahoo feels that an insolvency professional who claws back...
Bilcare Ltd to undergo insolvency resolution process after NCLT allows ARCIL petition
The Mumbai bench of the National Company Law Tribunal (NCLT) has allowed the initiation of Corporate Insolvency Resolution Process (CIRP)...
Reliance Retail among 13 bidders vying for Future Retail business
As many as 13 suitors including Reliance Retail Ventures Ltd have bid for Future Retail Ltd, the Kishore Biyani-promoted retail...
Existing shareholders may get a pie of stake in the new entity post-CIRP
The Securities and Exchange Board of India (Sebi) has proposed that existing public equity shareholders of a corporate debtor should...
SC approves resolution plan of ArcelorMittal for Odisha Slurry Pipeline Infrastructure
In a significant victory for the ArcelorMittal Group, the Supreme Court of India on 10 November 2022 approved the resolution...