Sahara Hospitality escapes insolvency proceedings by paying Rs 8 cr to creditor
The insolvency application filed against Sahara Hospitality has been withdrawn by operational creditor Delta Electro Mechanical Private Ltd. under Section...
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Dalmia Cement (Bharat) among two left in race to acquire Andhra Cement
Dalmia Cement (Bharat) Limited and Sagar Cements Limited are in the race for acquiring Jaypee Group’s Andhra Cement, which is...
NCLT snubs Amazon as it dismisses latter’s plea against insolvency petition of Future Retail
The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday admitted Bank of India’s plea to initiate corporate...
Appu Hotels CIRP period extended by 90 days
The Corporate Insolvency Resolution Process (CIRP) of Chennai-based Appu Hotels continues to get dragged even as the promoters propose a...
Chartered accountants final exam 2022 results announced; only 12.6% cleared both papers
The Institute of Chartered Accountants of India (ICAI) on 15 July 2022 announced the result of Chartered Accountants Final Examination...
Yes Bank to conduct Swiss Challenge auctions for Rs 48,000 crore stressed assets
Yes Bank proposes to run a transparent bidding process on Swiss Challenge basis for sale of the identified stressed assets...
SC puts in abeyance CIRP of Vidarbha Industries Power on ground of existence of arbitral award
The Supreme Court ordered keeping in abeyance the Corporate Insolvency Resolution Process (CIRP) against Vidarbha Industries Power Limited on the...
NCLAT rejects IL&FS request to extinguish claims of operational creditors of TN power arm
The National Company Law Appellate Tribunal (NCLAT) has rejected the petition of IL&FS board to extinguish the claim of the...
NCLT rejects insolvency petition filed against Shapoorji Pallonji for a Rs 24 lakh default
An insolvency petition against Shapoorji Pallonji & Company Pvt Ltd has been rejected by the Mumbai bench of the National...
Insolvency regulator proposes early liquidation of defunct corporate debtors
Why waste time in trying to go for resolution of a corporate debtor which is defunct and has no or...