Indian Performing Right Society files insolvency petition against Zee Entertainment
Zee Entertainment faces fresh troubles as yet another creditor files an insolvency petition against the media company. In an exchange...
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Religare Finvest enters one-time settlement with 16 lenders
Religare Finvest Limited along with its parent company – Religare Enterprises -- has entered into a One-time Settlement Agreement on...
Major IBC related regulatory changes in 2022
The year 2022 saw many important regulatory changes/amendments in the Insolvency and Bankruptcy Code in order to make it more...
GST dept paves way for reduced tax demand on companies undergoing insolvency process
The Central Board of Indirect Taxes and Customs (CBIC) through a circular issue recently has directed the jurisdictional commissioners of...
NCLT approves Swan Energy’s Rs 2,108 crore resolution plan for Reliance Naval and Engineering
The National Company Law Tribunal (NCLT) has approved the resolution plan of Swan Energy and Hazel Mercantile Limited (HML) to...
More private equity funded US companies have filed for bankruptcies in 2022
More private equity (PE) funded companies are filing for bankruptcies in the US in 2022, according to an S&P Global...
Realised value should not be compared with admitted claims to judge CIRP’s success: RBI
The banking regulator -- Reserve Bank of India (RBI) – has said that a comparison of realised value with admitted...
Andhra Cements CoC decides to put two resolution plans to e-voting
The Committee of Creditors (CoC) of Andhra Cements has decided to put to e-voting both the resolution plans for approval...
CoC for RCI Industries constituted; Rs 268 crore claims submitted
The committee of creditors (CoC) for resolution of RCI Industries and Technologies Ltd insolvency case has been recently constituted with...
Hinduja Group ahead in the race to acquire Reliance Capital
Hinduja Group is ahead in the race to acquire Reliance Capital after it revised the bid price to Rs 9,500...