IBC resolves 891 CIRPs involving Rs 10 lakh crore loans defaults
The Insolvency and bankruptcy Code (IBC) has reached a milestone of sort as it resolved nearly 900 cases of corporate...
Insolvency regulator gives nod to project-specific resolution of real estate CIRPs
The insolvency regulator has finally given a go ahead to project-specific resolution of corporate insolvency resolution process involving real estate...
Patanjali allowed to participate in Rolta India CIRP as resolution applicant
The Mumbai Bench of the National Company Law Tribunal (NCLT) has allowed Patanjali Ayurved Ltd to participate in the corporate...
SpiceJet CMD Ajay Singh, Busy Bee Airways submit bid for GoFirst
Chairman and Managing Director of SpiceJet Ajay Singh and Busy Bee Airways Private Limited have jointly submitted a bid for...
New liquidation rules allow liquidator to cut reserve price of assets by 25%
In a move to improve the efficiency and transparency of the liquidation process, the Insolvency and Bankruptcy Board of India...
Bizman Ajay Bikram Sigh acquires Eastern Silk Industries
The NCLT has approved the Rs 61 crore resolution for Kolkata-based textile manufacturer Eastern Silk Industries Ltd. The successful resolution...
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...
ED arrests ex-promoter of Bharat Papers in Rs 200 crore loan fraud case
Directorate of Enforcement (ED) has arrested Anil Kumar Aggarwal, director of Bharat Papers Limited on 06 February 2024 under the...
ED files prosecution complaint against ex-promoters of Parabolic Drugs
Directorate of Enforcement (ED) has filed prosecution complaint (PC) under the Prevention of Money Laundering Act (PMLA), 2002 on 26...
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...