MT Educare faces insolvency proceedings for failing to pay Rs 5.5 crore to vendor
MT Educare Limited, an education support and coaching services provider, will face insolvency resolution process after the Mumbai bench of...
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Wilful defaulters owe over Rs 3.11 lakh crore to banks as on 30 June 2022
Wilful defaulters owed over Rs 3.11 lakh crore to banks as on 30 June 2022, most to the public sector...
NCLT approves Pristine Malwa Logistics Rs 480 crore bid for Sical Logistics
The Chennai bench of the National Company Law Tribunal (NCLT) has approved the resolution plan of Pristine Malwa Logistics Park...
Gayatri Projects creditors submits claims of Rs 7,947 crore
Creditors of Gayatri Projects have submitted claims of Rs 7,947 crore as the corporate insolvency resolution process gets underway. The...
SC approves resolution plan of ArcelorMittal for Odisha Slurry Pipeline Infrastructure
In a significant victory for the ArcelorMittal Group, the Supreme Court of India on 10 November 2022 approved the resolution...
Srei Equipment Finance reports Rs 1,500 cr more fraudulent transactions
More fraudulent transactions have been detected by the forensic auditors in Srei Equipment Finance, a wholly owned subsidiary of Srei...
Reliance Capital insolvency resolution period extended by 60 days
The Mumbai bench of the National Company Law Tribunal has extended the corporate Insolvency Resolution Process (CIRP) period Reliance Capital...
Rights of operational creditors to seek judicial review of resolution plan before NCLT
By Pallavi Parmar The IBC Code has provided with different sets of creditors – while financial creditors are to predominantly...
India’s top 25 willful defaulters include Gitanajli Gems, Era Infra
In a reply to a question in Parliament, Minister of State, Finance, Bhagwat Karad released the list of India's top...
NCLT rejects insolvency petition filed against Shapoorji Pallonji for a Rs 24 lakh default
An insolvency petition against Shapoorji Pallonji & Company Pvt Ltd has been rejected by the Mumbai bench of the National...