Median recovery for operational creditors only 6% under IBC: Report
Even though recovery of total claims under the Insolvency and Bankruptcy Code averaged around 32%, with a median of 24%,...
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Improve quality of information memorandum, says IBBI chairman
There is a need to improve the quality of information memorandum under the corporate insolvency resolution process (CIRP), Ravi Mital,...
Saviour Builders acquires Bulland Buildtech for Rs 120 crore
The Delhi Bench of the National Company Law Tribunal (NCLT) has approved the Rs 120-crore resolution plan by Saviour Builders...
JM Financial consolidates wholesale credit, ARC biz under one platform
The Board of Directors of JM Financial Ltd at its meeting held on 6 July 2024 approved the acquisition of...
Lenders reject one-time settlement proposal of Jaiprakash Associates promoters
Lenders of Jaiprakash Associates Ltd (JAL) led by ICICI Bank have rejected the modified one-time settlement proposal, in which the...
NCLT allows BPCL arm to acquire Videocon Oil Ventures Brazil assets
The Mumbai bench of the National Company Law Tribunal (NCLT) has allowed Bharat Petro Resources Limited (BPRL) Ventures BV to...
Financial creditors of Jaiprakash Associates submit claims of Rs 51k cr
The financial creditors of Jaiprakash Associates Ltd (JAL), which is undergoing corporate insolvency resolution process, have submitted claims worth Rs...
Harvest Hotels goes to Serveall Land Developers for Rs 107 crore
The principal bench of the National Company Law Tribunal (NCLT), New Delhi, has approved the Rs 107 crore resolution plan...
Bina Shah, Seema Goel successfully bid for Richfeel Health & Beauty
The company that has pledged a bald-free India had to be rescued curiously by a consortium of two women –...
Amendment likely to clarify resolution does not extinguish liability of guarantors
The Insolvency and Bankruptcy Board of India (IBBI) has proposed several changes to streamline the corporate insolvency resolution process as...