NCLT admits Kamachi Steels to insolvency over Rs 40.77 crore debt
The National Company Law Tribunal (NCLT), Chennai Bench, has ordered the initiation of the Corporate Insolvency Resolution Process (CIRP) against...
NCLAT dismisses GLAS Trust’s plea against Aakash AGM, rights issue
The National Company Law Appellate Tribunal (NCLAT), Chennai Bench, has dismissed an interim application filed by GLAS Trust Company LLC—the...
Supreme Coated Board Mills Tamil Nadu plant put on the blocks; reserve price fixed at Rs 85.56 crore
The assets of Supreme Coated Board Mills Private Limited, which is now in liquidation, will be put on the block...
Rs 19-crore land of Future Retail to go under the hammer
Under the ongoing liquidation process of the debt-ridden Future Retail Limited (FRL), e-auction of its assets, including a prime 40-acre...
Bank of Maharashtra classifies Reliance Communications loan account as fraud
Reliance Communications Limited (RCOM), which is currently undergoing a corporate insolvency resolution process (CIRP), has disclosed that the Bank of...
NCLT rejects Byju’s plea to stay rights issue of Aakash Educational Services
In an important development in the ongoing dispute between Aakash Educational Services Ltd. (AESL) and Think & Learn Pvt. Ltd....
Gaming startup Giga Fun Studios files for voluntary liquidation
Giga Fun Studios Private Limited, a Bengaluru-based mobile casual gaming startup, has commenced a voluntary liquidation process, according to a...
Reliance Retail to acquire insolvent Future Supply Chain for Rs 171 crore
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved Reliance Retail Ventures Limited (RRVL) as the successful bidder for...
BluSmart tech arm pushed into insolvency over Rs 5.8 crore dues
The National Company Law Tribunal (NCLT) in Ahmedabad has admitted BluSmart Mobility Tech Private Limited, the technology arm of the...
NCLT admits Bhilai Jaypee Cement for insolvency over Rs 45-crore coal debt
The National Company Law Tribunal (NCLT), Cuttack Bench, has admitted Bhilai Jaypee Cement Limited for corporate insolvency after it defaulted...