Reliance Capital insolvency resolution period extended by 60 days
The Mumbai bench of the National Company Law Tribunal has extended the corporate Insolvency Resolution Process (CIRP) period Reliance Capital...
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Non-availability of interim finance a big impediment in success of CIRP: IBBI chairperson
Insolvency and Bankruptcy Board of India (IBBI) chairman Ravi Mittal has highlighted the difficulty companies undergoing corporate insolvency resolution process...
Financial creditors recover only 31% of admitted claims in over 500 resolved insolvency cases
The Insolvency and Bankruptcy Code, despite its many benefits, has not been able to live up to the expectations as...
Financial creditors of Future Retail submits over Rs 21,000 crore claims
Financial creditors of Future Retail Ltd have submitted claims of ₹21,058 crore under the ongoing corporate insolvency resolution process (CIRP). As...
Why some RBI economists feel PSBs are more cost-efficient than private banks
Economists from the Reserve Bank of India (RBI) believes public sector banks’ (PSBs’) labour cost efficiency remained higher than PVBs...
Five bidders in fray for Viceroy Hotels
The resolution professional handling the Corporate Insolvency Resolution Process (CIRP) of the Hyderabad-based Viceroy Hotels has received five resolution plans...
Insolvency plea under Sec 7 not barred by limitation if debt is acknowledged before expiry of 3-yr period
The Supreme Court of India in an important judgement has held that an application under Section 7 of the Insolvency...
India’s top 25 willful defaulters include Gitanajli Gems, Era Infra
In a reply to a question in Parliament, Minister of State, Finance, Bhagwat Karad released the list of India's top...
Over Rs 1,800 crore assets attached in Yes Bank, DHFL loan fraud case
The Enforcement Directorate (ED) makes further attachment in the loan fraud case involving DHFL and Yes Bank. In the latest...
Alok Industries revival faces many challenges
Alok Industries, which underwent a corporate insolvency resolution process, has been making steady progress even if it is struggling to...