REC drags RattanIndia Power to insolvency court
New Delhi-based RattanIndia Power Ltd is in trouble with one of its financial creditors – government-owned REC Ltd -- moving...
Delhi HC directs DGCA to deregister Go First aircrafts
The Delhi High Court on 26 April 2024 directed the Directorate General of Civil Aviation (DGCA) to process the applications...
Bombay HC restricts power of state-run banks to issue look out circulars
In a significant ruling with far-reaching implications, the Bombay High Court has clipped the wings of state-run banks in their...
NCLT nod to Rosmerta Technologies Rs 59.4-cr bid for Smart Card IT Solns
The Mumbai bench of the NCLT has approved the Rs 59.40-crore resolution plan submitted by Rosmerta Technologies Limited for Smart...
SC says special court presided over by sessions judge can try complaints under IBC
A special court presided over by a sessions judge or an additional sessions judge has the jurisdiction to try a...
Shree Veerakumar Fibre acquires Uthara Fashion Knitwear for Rs 26 cr
Uthara Fashion Knitwear Limited, a Tamil Nadu-based textile company with over 30 years of experience, has been acquired by Shree...
MEP Infrastructure Developers to undergo insolvency resolution process
Mumbai-based MEP Infrastructure Developers Ltd will undergo corporate insolvency resolution process after the Mumbai bench of the NCLT admitted the...
Hanung Toys & Textiles creditors suffer 98.5% haircut; Cyfuture India acquires co for Rs 78 cr
The New Delhi bench of the National Company Law Tribunal (NCLT) has approved the Rs 78 crore resolution plan submitted...
Shares of Viceroy Hotels to resume trading from 3 April 2024
Shares of Viceroy Hotels Limited listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) will resume trading on April 3, 2024....
NCLAT restrains banks from declaring IL&FS from wilful defaulter
The National Company Law Appellate Tribunal (NCLAT) has restrained 11 banks from initiating proceedings for declaration as wilful defaulter against...