Shakti Bhog Snacks CIRP: NCLT says IBC cannot be used to sidestep legitimate process of law
The National Company Law Tribunal (NCLT), New Delhi Bench, has dismissed an application for the dissolution of Shakti Bhog Snacks...
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In nine years, IBC helps resolve over Rs 26 lakh crore of debt — directly or indirectly
The introduction of the Insolvency and Bankruptcy Code (IBC) nine years ago has enabled the direct resolution of Rs 12...
Supreme Court clarifies application of Limitation Act to MSMED Act conciliation and arbitration
The Supreme Court, in the case of Sonali Power Equipments Pvt Ltd. vs. Chairman, Maharashtra State Electricity Board, Mumbai &...
EoIs invited for Supertech Township’s Golf Country project
Supertech Township Project Limited, currently undergoing the Corporate Insolvency Resolution Process (CIRP), has issued a "Form-G" inviting Expressions of Interest...
10-acre land of Landmark Housing Projects up for e-auction; reserve price set at ₹ 192 crore
The liquidator of Landmark Housing Projects Chennai Pvt Ltd has invited bids for the e-auction of the company’s prime land...
Zapak Mobile Games to face insolvency proceedings
The Mumbai Bench of the National Company Law Tribunal (NCLT) has admitted an application filed by Reliance Net Limited under...
Rs 167-cr Nakoda assets go under the hammer; e-auction set for July 28
Nakoda Limited, a company currently undergoing liquidation, has announced an e-auction for the sale of its assets, either as a...
How Indian agencies are combatting the menace of Mule Account
A mule account is a bank account (which can be a savings, current, or corporate account) opened by individuals or...
Canara Bank initiates insolvency proceedings against Syska E-Retails
The National Company Law Tribunal (NCLT), Mumbai Bench-I, has admitted a petition filed by Canara Bank to initiate the Corporate...
IREDA files Section 19 plea against Gensol Engineering in DRT
The Indian Renewable Energy Development Agency (IREDA) has intensified its efforts to recover significant dues from Gensol Engineering Limited and...