NCLT orders liquidation of Tulip Hotels in absence of a resolution plan
The National Company Law Tribunal (NCLT), Mumbai Bench, has ordered the liquidation of Tulip Hotels Pvt. Ltd., marking the latest...
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CS Executive Entrance Test results on 20th January
The result of CS Executive Entrance Test (CSEET) held on 11th January, 2025 and 13th January, 2025 is scheduled to be declared...
ED attaches Rs 486 crore property in Bhushan Power and Steel bank fraud case
The Directorate of Enforcement (ED), Delhi Zonal Office, has provisionally attached an immovable property valued at approximately ₹486 crore in...
NARCL may acquire Jaiprakash Associates assets for Rs 12,000 crore
The National Asset Reconstruction Company Ltd (NARCL), a government-backed entity established to address non-performing assets in India's banking sector, has...
Small finance banks growth to moderate in FY2025 amid industry headwinds: ICRA Report
Small finance banks (SFBs) have experienced robust growth in recent years, propelled by strong credit demand and an expanded range...
JSW Energy to acquire KSK Mahanadi Power for Rs 15,985 crore
JSW Energy Limited has received the Letter of Intent (LoI) for its resolution plan to acquire KSK Mahanadi Power Company...
IBBI mandates eBKray auction platform for liquidation processes
In a significant move to enhance transparency and streamline the liquidation process, the Insolvency and Bankruptcy Board of India (IBBI)...
Consortium of three power cos acquires Karvy Data Management Services for Rs 159 crore
The consortium of Sangamam Power Projects Private Limited, Sirmour Small Hydro Power Private Limited and Sharp Ventures Private Limited has...
Metro Tyres drags Hero Electric to insolvency court over payment of Rs 1.85 crore
The New Delhi bench of the National Company Law Tribunal has admitted the insolvency petition filed by operational creditor Metro...
RBI Dy Governor finds several lacunae in working of Committee of Creditors
Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao emphasized the need for significant improvements in the functioning of...