Reliance Retail-backed delivery startup Dunzo Digital to face insolvency proceedings
The National Company Law Tribunal (NCLT) has dismissed a fresh insolvency plea filed by Exotel Techcom Pvt. Ltd. against Dunzo...
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Bank of Baroda classifies Anil Ambani and RCom as ‘fraud’, alleges fund diversion
In a significant development, state-owned Bank of Baroda (BoB) has classified the loan accounts of debt-laden Reliance Communications Limited, also...
40 kg gold, diamonds from Nirav Modi’s Firestar International up for sale
In a significant move to liquidate assets for creditors, the liquidator of Firestar International Limited has announced an e-auction for...
Vijaygroup Housing assets worth Rs107 crore to be auctioned on 20 Sept
An e-auction has been announced for the sale of assets belonging to Vijaygroup Housing Private Limited (In Liquidation). The company's...
NCLAT dismisses plea against Nuvoco Vistas’ acquisition of Vadraj Cement
The National Company Law Appellate Tribunal (NCLAT) has rejected a plea challenging Nuvoco Vistas Corporation’s acquisition of Vadraj Cement during...
SU Toll Road of Reliance Infrastructure to undergo insolvency proceedings
In a significant move that highlights the ongoing challenges in India's infrastructure sector, the National Company Law Tribunal (NCLT) in...
Karnataka HC upholds CID charges against SBI, PNB executives in ₹78.5 crore Metal Closures fraud case
In a significant ruling reinforcing accountability in banking operations, the Karnataka High Court has upheld the charge sheet filed by...
RP invites bids for JCT Ltd; 25 Aug last day for submitting EoI
JCT Ltd, a leading manufacturer of filament yarn and composite textiles, has formally entered the Corporate Insolvency Resolution Process (CIRP)...
NCLT initiates insolvency proceedings against Mahagun over ₹260 crore debt
The National Company Law Tribunal (NCLT) has officially initiated the Corporate Insolvency Resolution Process (CIRP) against real estate developer Mahagun...
ED arrests former MD of insolvent Best Foods in Rs 1,740 crore loan fraud case
The Directorate of Enforcement (ED), Headquarters, New Delhi, has arrested Dinesh Gupta, former Managing Director of Best Foods Limited, on...