Recovery from large insolvency cases at 33% of financial creditors claim
The latest data from the Insolvency and Bankruptcy Board of India (IBBI) for the quarter ending June 2025 reveals significant...
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Insolvency Bill proposes penalty for frivolous pleas, introduces group insolvency, creditor-initiated resolution
The Indian government has introduced the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, in the Lok Sabha, proposing significant changes...
ED files supplementary complaint in Amtek Auto fraud case
The Directorate of Enforcement (ED) in Gurugram has filed a supplementary prosecution complaint on 1 August 2025, against multiple individuals...
SC reserves judgment in Bhushan Power and Steel case
The Supreme Court of India, on August 11, 2025, reserved its judgment in the ongoing legal battle surrounding JSW Steel's...
Saasa Musa Sugar to be auctioned as ‘going concern’ at reserve price of Rs 92.25 crore
Saasa Musa Sugar Works Private Limited, a company undergoing liquidation under the IBC, is set to be sold as a...
Jaypee Cement assets on the block as insolvency process accelerates
Debt-laden Jaypee Cement Corporation Limited (JCCL) has formally invited bids for its revival, kicking off a corporate insolvency resolution process (CIRP) that...
NCLT approves Omkar Speciality Chemicals revival plan, overrules objections from minority lenders
The National Company Law Tribunal (NCLT), Mumbai Bench-II, has approved the Rs 25.65 crore resolution plan submitted by Kshitij Polyline...
Banks must strictly follow personal guarantee agreements: NCLT
In a landmark ruling, the National Company Law Tribunal (NCLT), Kochi Bench, has brought relief for three personal guarantors entangled...
Crisis-hit IndusInd Bank appoints Rajiv Anand as new MD, CEO
IndusInd Bank has appointed Rajiv Anand as its new Managing Director and CEO for a three-year term, effective August 25,...
Rs 6,000 cr NPA of IL&FS Tamil Nadu power arm reclassified as standard loan
In a major development, Rs 6,000 crore loan of IL&FS Tamil Nadu Power Company Ltd (ITPCL) has been reclassified from...