EoI for Xalta Food and Beverages invited by Oct 7
The corporate insolvency resolution process (CIRP) for Xalta Food and Beverages Private Limited has entered a significant phase with the...
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NARCL auctions Rs 3,763-crore debt of Wind World India
The National Asset Reconstruction Company (NARCL), a government-backed bad loan bank, is selling the debt of Wind World India. The...
IDBI Bank files fresh insolvency case against Zee Entertainment
Zee Entertainment Enterprises Ltd (ZEEL) has disclosed that IDBI Bank Ltd has filed an application to initiate insolvency proceedings against...
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...
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...