Resolution professional detects Rs 15,000 cr fraudulent transactions in Future Retail
The resolution professional of Future Retail – Vijay Kumar V Iyer-- has informed the exchanges that he has detected Rs...
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Religare Finvest completes one-time settlement with 16 lenders
Religare Enterprises Limited's wholly-owned subsidiary Religare Finvest Limited (RFL) has completed the One-Time-Settlement (OTS) with 16 lenders on 8th March...
Indian Oil Corporation set to acquire assets of Mercator Petroleum
Public sector oil marketing company -- Indian Oil Corporation – has emerged as the successful resolution applicant in the corporate...
Future Enterprises to undergo insolvency process after failing to clear Rs 1-cr debt
After Future Retail, another Future group company – Future Enterprises – will undergo corporate insolvency resolution process (CIRP) after the...
NCLT approves Suraksha Realty’s bid for Jaypee Infratech
The long wait for 20,000 homebuyers of Jaypee Infratech Ltd may finally be over as the National Company Law Tribunal...
Torrent Investments move SC against 2nd round of auctions for Reliance Cap
Torrent Investments has moved Supreme Court against the recent order by National Company law Appellate Tribunal (NCLAT) that allowed creditors...
Resolution professional initiates forensic audit of RCI Industries books
The resolution professional of RCI Industries and Technologies Ltd has decided to initiate a forensic audit on the company as...
IPRS withdraws insolvency plea against Zee Entertainment
In fresh relief to Zee Entertainment Enterprises Ltd, the Indian Performing Right Society Limited (IPRS) has withdrawn the insolvency petition...
Govt exempts certain IBBI earnings from income tax for five years
The government of India has notified the income tax exemptions to certain income of the insolvency regulator – Insolvency and...
NCLAT upholds Adani Power bid for Korba West Power
The National Company Law Appellate Tribunal (NCLAT) dismissed a plea by Shapoorji Pallonji & Co challenging the 2019 resolution plan...