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...
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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...
Nazara Technologies acquires Smaaash Entertainment for Rs 126 crore
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved Nazara Technologies Limited’s ₹126 crore resolution plan to acquire debt-laden...
Another Kishore Biyani firm Future Ideas Company to face insolvency proceedings
The National Company Law Tribunal (NCLT), Mumbai Bench, has admitted a corporate insolvency petition against Future Ideas Company Limited (FICL),...
NCLT admits insolvency petition against Three C Infratech
The National Company Law Tribunal (NCLT), New Delhi Bench, has admitted an insolvency petition against Three C Infratech Pvt. Ltd, a...
Vijay Mallya takes a dig at resolutions under IBC; points out high haircuts taken by banks
Former promoter of United Breweries and Kingfisher Airlines Vijay Mallya has taken to social media platform X peeving about how...
Parliament panel suggests online portal for direct submission of resolution plan
The parliament standing committee on finances has proposed a centralized Online Portal for direct submission of resolution plans. This system...
NARCL acquires stressed loans of McLeod Russel from consortium of banks
In a significant move towards addressing the mounting debt crisis of McLeod Russel India Limited, the country’s largest bulk tea...
Pooja Bahry: A pioneering woman in India’s insolvency sector
The National Company Law Tribunal (NCLT), New Delhi, recently approved the Rs 41.26-crore resolution plan submitted by The Statesman Limited for the...