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...
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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...
Delhi High Court quashes ‘Fraud’ classification against Religare Finvest
The Delhi High Court has delivered a major legal victory to Religare Finvest Limited (RFL), a material subsidiary of Religare...
SC recalls order liquidating Bhushan Power; allows review petition
In a major development, the Supreme Court on Thursday recalled its May 2 judgment that had ordered the liquidation of...
Punj Lloyd to go under the hammer at reserve price of Rs 308 cr; e-auction on 4th Aug
The 13th round of e-auction of assets of Punj Lloyd Limited under the liquidation process will take place on 4th...
NCLT orders liquidation of Venus Garments, rejects promoter’s revival bid
The National Company Law Tribunal (NCLT), Chandigarh Bench, has ordered the liquidation of debt-ridden textile manufacturer Venus Garments (India) Limited...
BluSmart Mobility to face insolvency proceedings over ₹1.28 crore default
Electric ride-hailing startup Blu-Smart Mobility has been admitted into corporate insolvency resolution proceedings (CIRP) by the National Company Law Tribunal...
Six major amendments that shaped insolvency framework in India
The Insolvency and Bankruptcy Code (IBC), since its enactment, has undergone six legislative amendments aimed at strengthening the insolvency framework...
Amid loan fraud controversy, Anil Ambani group says it is charting a ‘transformative’ course
Even as the Enforcement Directorate (ED) concluded its three-day search and seizure operations on premises linked to the Anil Ambani-promoted...