Another Kishore Biyani firm Future Ideas Company to face insolvency proceedings
The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a corporate insolvency petition against Future Ideas Company Limited (FICL),...
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NCLT admits insolvency petition against Three C Infratech
The National Company Law Tribunal (NCLT), New Delhi Bench, has admitted an insolvency petition against Three C Infratech Pvt. Ltd, a...
Vijay Mallya takes a dig at resolutions under IBC; points out high haircuts taken by banks
Former promoter of United Breweries and Kingfisher Airlines Vijay Mallya has taken to social media platform X peeving about how...
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...
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...