Srei Equipment Finance reports Rs 3,000 crore fraud transactions
The Administrator of Srei Equipment Finance Limited has reported fraud transactions worth Rs 3,025.73 Crore by the promoters of the...
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UPL Ltd acquires entire stake in Kudos Chemie for Rs 237 crore
UPL Ltd would acquire entire holding of Kudos Chemie Limited, the former informed the exchanges on 15 June 2022. UPL...
Tata Steel subsidiary now controls 100% in Rohit Ferro-Tech
Tata Steel Mining Limited (TSML), a wholly-owned subsidiary of Tata Steel Limited has, on June 14, 2022, acquired 10% equity...
Insolvency panel for curb on revision of resolution plans, code of conduct for CoC
In order to address the issue of delays in Corporate Insolvency Resolution Plan (CIRP) and remove inefficiencies in the process,...
Insolvency regulator mulls performance-based fee for insolvency professionals
The Insolvency regulator in order to avoid the disputes related to the correct remuneration of Insolvency Professionals has suggested a...
Amazon opposes insolvency petition against Future Retail
Even as the Indian Bank Consortium on Thursday requested the National Company Law Tribunal (NCLT) to urgently admit its application...
Power companies undergoing insolvency proceedings to receive funds for importing coal
Given the unprecedented power crisis and coal shortage, the government has directed the state-owned power finance companies -- Power Finance...
Karnataka Bank reports loan given to SREI Equipment Finance as fraud
Karnataka Bank has reported to the Reserve Bank of India (RBI) regarding fraud in the credit facilities extended earlier to...
“Don’t shy away from liquidating ineffective companies”
An effective insolvency legislation should not shy away from liquidating ventures, M Rajeshwar Rao, deputy governor of Reserve Bank of...
Birla Tyres in insolvency court after failing to pay Rs 16 crore to vendor SRF Ltd
Birla Tyres, a part of the famous BK Birla Group of Companies and Kesoram Industries Ltd, will now face insolvency...