The Statesman acquires insolvent news agency UNI for Rs 41.26 crore
The National Company Law Tribunal (NCLT), New Delhi, has approved the Rs 41.26-crore resolution plan submitted by The Statesman Limited for the...
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Recruitment of managing director of IIIPI
The Indian Institute of Insolvency Professionals of ICAI (IIIPI) is a subsidiary of the Institute of Chartered Accountants of India...
Retail credit continues to moderate due to lack of demand: CIBIL
India’s retail credit growth continued to moderate in the quarter ending September 2024 due to a general cooling in the...
Bookstore chain Books Inc files for Chapter 11 bankruptcy
Books Inc., the San Francisco Bay Area's oldest independent bookstore chain, announced on January 21, 2025, that it has filed...
Small finance banks growth to moderate in FY2025 amid industry headwinds: ICRA Report
Small finance banks (SFBs) have experienced robust growth in recent years, propelled by strong credit demand and an expanded range...
Know your IP: Ashish Chhawchharia makes the grade with high profile insolvency cases
Ashish Chhawchharia, a chartered accountant by qualification, leads the restructuring practice for Grant Thornton in India. He is an FCA...
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...
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...