CBI files case against Corporate Power Ltd for defrauding banks of Rs 4,038 crore
The Central Bureau of Investigation (CBI) has registered a case against Kolkata-based Corporate Power Ltd, its promoters/directors and others on...
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Reliance Jio deposits Rs 3,720 cr to acquire Reliance Infratel
Two years after the National Company Law Tribunal (NCLT) approved Rs 3,720 crore resolution plan of Reliance Jio to...
Torrent Group emerges highest bidder in e-auction for Reliance Cap assets
The e-auction of Reliance Capital ended on 21 December and the Torrent Group emerged as the highest bidder with Rs...
Cosmea-Piramal consortium pulls out from bidding process for Reliance Capital
The Reliance Capital insolvency resolution process hits another roadblock with the exit of the Cosmea-Piramal consortium from the e-auction scheduled...
VHM Industries to undergo insolvency resolution process
Mumbai-based textile company -- VHM Industries Limited – will undergo corporate insolvency resolution process after the Mumbai-bench of the NCLT...
PSBs made Rs 4.24 lakh crore recovery in last four years
The public sector banks (PSBs) have effected record recovery of Rs 4.24 lakh in the last four years and first...
A2Z Infra Engineering goes for one-time settlement of Rs 134 cr dues to IDBI Bank
A2Z Infra Engineering Ltd has managed to convince IDBI Bank to agree to its proposal for One-Time Settlement (OTS) of...
Zee Entertainment dragged to insolvency court by IDBI Bank
There’s no end of troubles for Essel group as one of its companies -- Zee Entertainment Enterprise Ltd – now...
Public sector banks recovered Rs 1.03 lakh crore written-off loans in last five years
Public sector banks have recovered Rs 1,03,045 crore of written-off loans in the past five years, the government informed the...
Reliance Capital base price for e-auction hiked to Rs 6,500 crore
The insolvency resolution process of Reliance Capital is heading towards another stalemate after the Committee of Creditors (CoC) in its...