NCLT admits Fortune Spirit into insolvency on IDBI Bank’s plea
The National Company Law Tribunal (NCLT), Cuttack Bench, has admitted liquor manufacturer Fortune Spirit Limited into the Corporate Insolvency Resolution...
Supreme Court shields genuine homebuyers, curbs speculative investors from misusing insolvency law
In a landmark judgment with far-reaching implications for India's real estate sector, the Supreme Court has firmly distinguished between genuine...
NARCL auctions Rs 3,763-crore debt of Wind World India
The National Asset Reconstruction Company (NARCL), a government-backed bad loan bank, is selling the debt of Wind World India. The...
MBL Infrastructure subsidiary exits insolvency with approved resolution plan
MBL Infrastructure Ltd (MBL) today announced a significant development in the Corporate Insolvency Resolution Process (CIRP) of its wholly-owned subsidiary,...
Rs 31 crore assets of Manthan Broadband Services up for auction on 9 Oct
Manthan Broadband Services Private Limited, which is under liquidation, has announced an e-auction of its assets worth over Rs 31...
IDBI Bank files fresh insolvency case against Zee Entertainment
Zee Entertainment Enterprises Ltd (ZEEL) has disclosed that IDBI Bank Ltd has filed an application to initiate insolvency proceedings against...
Reliance Retail-backed delivery startup Dunzo Digital to face insolvency proceedings
The National Company Law Tribunal (NCLT) has dismissed a fresh insolvency plea filed by Exotel Techcom Pvt. Ltd. against Dunzo...
EoIs invited for resolution of Byju’s insolvency case; 24 Sept last date for submission of interest
Think & Learn Private Limited, the parent company of embattled edtech giant Byju's, has officially called for potential investors to...
Vedanta outbids Adani, emerges highest bidder for Jaiprakash Associates with Rs 12,510-cr offer
In a dramatic climax to a protracted insolvency battle, Vedanta Group has emerged as the successful bidder for the debt-ridden...
Bank of Baroda classifies Anil Ambani and RCom as ‘fraud’, alleges fund diversion
In a significant development, state-owned Bank of Baroda (BoB) has classified the loan accounts of debt-laden Reliance Communications Limited, also...