Parliamentary panel calls for sweeping reforms to rescue India’s insolvency & bankruptcy ecosystem
The Parliamentary Standing Committee on Finance, led by Bhartruhari Mahtab, has urged the Government to implement comprehensive and urgent reforms...
NCLT approves ₹145.26 crore resolution plan for Indo Global Soft
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved a resolution plan worth ₹145.26 crore for the insolvent Indo...
What’s the reason behind Bandhan Bank selling over ₹6,900 crore in stressed assets
In a significant move to clean up its balance sheet, Bandhan Bank Ltd. recently announced plans to sell non-performing assets...
Juniper Hotels bids for distressed JW Marriott property in Bengaluru via insolvency process
Juniper Hotels Limited has announced its move to acquire the prized JW Marriott hotel property in Bengaluru, currently owned by...
Sterling Biotech saga: A timeline of India’s major bank fraud case
The Sterling Biotech case, one of India's most significant bank frauds, has neared its conclusion with the Supreme Court's conditional...
SC quashes criminal cases against Sandesara brothers; agrees to ₹5,100 crore settlement in Sterling Biotech fraud
The Supreme Court has conditionally ordered the quashing of all criminal proceedings against the fugitive Sandesara brothers in the multi-crore...
Auction of Corporate Power on Dec 8; reserve price fixed at Rs 265 cr
The liquidator for Corporate Power Limited (CPL), Pankaj Dhanuka, has invited bids for the private sale of the entire company...
TVS Supply Chain Solutions appeals to NCLAT in Rs 5 crore dispute with ZTE Telecom
TVS Supply Chain Solutions Limited has initiated an appeal against a recent order from the National Company Law Tribunal (NCLT)...
ATS HomeKraft repays ₹1,250 crore to HDFC Capital Fund ahead of schedule
In a rare early exit in India’s residential real estate sector, mid-income housing developer ATS HomeKraft has fully repaid ₹1,250...
ED raids expose alleged bid rigging, undervalued land sale in IBC process
The Directorate of Enforcement (ED), Gurugram Zonal Office, has conducted sweeping search operations across six locations in Delhi and Gurugram,...