Canara Bank removes fraud tag on Reliance Communications loan account
In a major reversal, and a setback to the State Bank of India’s efforts to recover dues from Reliance Communications...
NCLT initiates insolvency proceedings against Gstaad Hotels over Rs 666 crore default
The Mumbai Bench of the National Company Law Tribunal (NCLT) has delivered an order initiating the Corporate Insolvency Resolution Process...
Yes Bank’s unusual real estate deal with Reliance Infra raises questions over custodial role
An intricate debt-asset swap between Yes Bank and Anil Ambani-led Reliance Infrastructure, or Reliance Infra in March 2021 has drawn...
Base Corporation up for sale ‘again’ at reserve price of Rs 67.57 crore
After many failed attempts in the past, Base Corporation Limited (in Liquidation), a company previously involved in the manufacturing of...
Insolvency regulator amends rules to enhance disclosure on avoidance transactions
In a significant move aimed at to bring greater scrutiny to past financial dealings of distressed companies, particularly those termed...
Adani Power completes acquisition of Vidarbha Industries Power
Adani Power Ltd. (APL), India’s largest private thermal power producer, has successfully completed the acquisition and resolution plan implementation of...
Aakash sends legal notice to EY alleging conflict of interest, professional misconduct
Aakash Educational Services Ltd (AESL) has served a second legal notice through Senior Advocate CV Nagesh to multiple partners and...
Anil Ambani’s Reliance Media Works to face insolvency proceedings
The National Company Law Tribunal (NCLT), Mumbai Bench, has ordered the initiation of the Corporate Insolvency Resolution Process (CIRP) against...
Another startup — Zyngo EV Mobility — faces insolvency proceedings
The National Company Law Tribunal (NCLT), Chandigarh Bench, has admitted an insolvency petition against Zyngo EV Mobility Private Limited, thereby...
SBI classifies RCom loan account as fraud; reports Anil Ambani to RBI
State Bank of India (SBI), the country's largest lender, has classified the loan account of the insolvent telecom firm Reliance...