Parliament panel suggests online portal for direct submission of resolution plan
The parliament standing committee on finances has proposed a centralized Online Portal for direct submission of resolution plans. This system...
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NARCL acquires stressed loans of McLeod Russel from consortium of banks
In a significant move towards addressing the mounting debt crisis of McLeod Russel India Limited, the country’s largest bulk tea...
Pooja Bahry: A pioneering woman in India’s insolvency sector
The National Company Law Tribunal (NCLT), New Delhi, recently approved the Rs 41.26-crore resolution plan submitted by The Statesman Limited for the...
The Statesman acquires insolvent news agency UNI for Rs 41.26 crore
The National Company Law Tribunal (NCLT), New Delhi, has approved the Rs 41.26-crore resolution plan submitted by The Statesman Limited for the...
Recruitment of managing director of IIIPI
The Indian Institute of Insolvency Professionals of ICAI (IIIPI) is a subsidiary of the Institute of Chartered Accountants of India...
Retail credit continues to moderate due to lack of demand: CIBIL
India’s retail credit growth continued to moderate in the quarter ending September 2024 due to a general cooling in the...
Bookstore chain Books Inc files for Chapter 11 bankruptcy
Books Inc., the San Francisco Bay Area's oldest independent bookstore chain, announced on January 21, 2025, that it has filed...
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...
Know your IP: Ashish Chhawchharia makes the grade with high profile insolvency cases
Ashish Chhawchharia, a chartered accountant by qualification, leads the restructuring practice for Grant Thornton in India. He is an FCA...
NCLT rejects resolution plan for ignoring operational creditors’ dues
The Kolkata Bench of the NCLT has rejected the resolution plan submitted by Elite Enterprises for acquisition of corporate debtor...