NCLT rejects resolution plan for ignoring operational creditors’ dues
The Kolkata Bench of the NCLT has rejected the resolution plan submitted by Elite Enterprises for acquisition of corporate debtor...
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SC allows Adani Power, DAIT to operate Coastal Energen plant
The Supreme Court has allowed the consortium of Dickey Alternate Investment Trust (DAIT) and Adani Power to operate a power...
Upcoming auctions under Insolvency and Bankruptcy Code (IBC)
S.NoDate of AnnouncementDate of E-AuctionsCompanyStatus of AuctionsProcess DocumentPublic Announcement 101/08/202402/09/2024RIGA SUGAR COMPANY LIMITEDOpenClick hereSale Notice ISale Notice II202/08/202405/09/2024NUCLEUS SATELLITE COMMUNICATIONS (MADRAS)...
MGM Healthcare acquires SevenHills Hospital in Vizag for Rs 171 crore
MGM Healthcare, a multi-specialty quaternary-care group, has acquired the 300-bed SevenHills Hospital in Visakhapatnam for Rs 171 crore. The acquisition...
Litigation finance in India: Opportunities and challenges
The landscape of legal dispute resolution is undergoing a seismic transformation, due to the emergence of Litigation Funding or Third-Party...
SNJ Breweries resolution plan for Privilege Industries gets NCLT nod
The NCLT has approved the resolution plan submitted by Chennai-based distillery SNJ Breweries Private Limited for Privilege Industries, a Maharashtra-based...
NCLT approves Rs 176-crore resolution plan for Indian Sugar Manufacturing Company Ltd
The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved the Rs 176-crore resolution plan submitted by the...
IBBI removes curbs on IP, RP of corporate debtor handling CIRP of personal guarantor
The Insolvency and Bankruptcy Board of India (IBBI) has amended the rules to remove the restrictions on an insolvency professional...
SBI removes fraud tag from Religare Finvest after high court order
In a significant development, the State Bank of India (SBI), one of the lenders of Religare Finvest Limited (RFL), has...
Jet Airways insolvency: SC asks JKC to deposit Rs 150 crore by 31 January
The Supreme Court on 18 January 2024 directed Jalan-Kalrock Consortium (JKC) to deposit Rs 150 crore by 31 January in...