NCLT approves Rs 176-crore resolution plan for Indian Sugar Manufacturing Company Ltd
The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved the Rs 176-crore resolution plan submitted by the...
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IBBI removes curbs on IP, RP of corporate debtor handling CIRP of personal guarantor
The Insolvency and Bankruptcy Board of India (IBBI) has amended the rules to remove the restrictions on an insolvency professional...
SBI removes fraud tag from Religare Finvest after high court order
In a significant development, the State Bank of India (SBI), one of the lenders of Religare Finvest Limited (RFL), has...
Jet Airways insolvency: SC asks JKC to deposit Rs 150 crore by 31 January
The Supreme Court on 18 January 2024 directed Jalan-Kalrock Consortium (JKC) to deposit Rs 150 crore by 31 January in...
Absence of vibrant market for stressed assets an impediment for successful resolution plan: RBI governor
The absence of a vibrant market for stressed assets in the country is one of the major impediments for implementing...
Dalmia Bharat Sugar gets NCLAT nod for implementation of resolution plan for Baghauli Sugar insolvency case
Dalmia Bharat Sugar and Industries Limited's (DBSIL) plan to revive Baghauli Sugar and Distillery Limited (Baghauli Sugar) has finally moved...
SC judgment in Celir LLP case to spur confidence in resolutions through SARFAESI: India Ratings
The recent judgment by the Supreme Court of India on the time-bound redemption rights of borrowers is advantageous for asset reconstruction...
Naveen Jindal-owned firm expresses interest in buying out Go First
Naveen Jindal, the promoter of Jindal Steel and Power, has expressed interest in buying insolvent airline Go First. Go First...
Litigation finance to be $57 bn market in India by 2035: LegalPay founder
Rising legal costs in India often lead to companies and litigants prematurely closing cases due to financial constraints. Legalpay, a...
Torrent moves SC against approval of Reliance Capital resolution plan
After its plea to stay the approval of Reliance Capital's resolution plan was rejected by the NCLT on 1 October,...