Vijay Mallya withdraws application for annulment of UK bankruptcy order
Vijay Mallya, wanted in India on fraud and money laundering charges, has withdrawn his application to annul a UK bankruptcy...
Thane land of Sapphire Space Infracon set for e-auction; reserve price fixed at Rs 42 crore
Prime land parcels spanning over 32 acres in Thane district, owned by Sapphire Space Infracon Private Limited and its associate...
Ballarpur Industries emerges from insolvency under new ownership, faces legacy financial challenges
Ballarpur Industries Limited (BILT), once a flagship entity of the Avantha Group and a leading name in India's paper industry,...
Central Bank of India classifies Reliance Communications Rs 368-cr loan account as fraud
In a significant development, Reliance Communications Limited (RCom) has informed the stock exchanges that the Central Bank of India has...
Rs 280-cr assets of bankrupt REI Agro go under the hammer in mega e-auction
The liquidator of the insolvent REI Agro Limited has initiated a mega e-auction to sell the company's manufacturing assets located...
Long liquidation battle of Punj Lloyd — failed going concern sale offset by piecemeal asset auctions
The liquidation saga of engineering major Punj Lloyd Limited, once a powerhouse in the EPC sector, continues to be characterized...
Omkara ARC acquires Rs 3,763 crore debt of Wind World India
Omkara Asset Reconstruction Company (Omkara ARC) has acquired the entire Rs 3,763 crore debt of Wind World India Limited (WWIL). The acquisition...
List of Byju’s assets up for sale under insolvency resolution process
As edtech company Byju’s parent company is up for sale as part of its ongoing Corporate Insolvency Resolution Process (CIRP),...
Two Anil Ambani firms with Rs 830 cr dues get sold off for Rs 46 lakh
Two companies formerly associated with the Anil Ambani-led Reliance Group – Thwink Big Content Private Limited and Pifiniti Movies Private Limited – were sold off...
Why Dunzo failed to defend itself against insolvency petition
The National Company Law Tribunal (NCLT), Bengaluru Bench, on 6 August admitted Quick-commerce startup Dunzo Digital Private Limited into the...