Need for collaboration among stakeholders for effective restructuring: RBI Dy Governor
The Insolvency and Bankruptcy Board of India (IBBI), in collaboration with INSOL India, hosted the International Conclave 2024, themed “Insolvency...
ED raids on Shilpi Cable promoters’ premises
Directorate of Enforcement (ED), Delhi Zonal Office, conducted search operations on 04 December 2024 at 18 locations in Delhi, NCR...
India needs to prove a strong stressed asset ecosystem is working on ground: Dinkar Venkatasubramanian
If India has to attract private debt to fuel growth, it needs to give investors the confidence that a strong...
Mercury Terra Firma acquires Shree Rajeshwaranand Paper Mills for Rs 48 crore
The Ahmedabad bench of the NCLT has approved the Rs 48.17 crore resolution plan by Mercury Terra Firma for corporate...
Swan Energy restarts Reliance Naval and Engineering shipyard
Swan Energy Limited (SEL), a leading global conglomerate with diversified interests in Textile, Real Estate, Oil & Gas and Shipbuilding...
ED conducts search operations against Kwality Ltd promoters for ₹1,400 crore bank fraud
The Directorate of Enforcement (ED), Delhi Zonal Office, conducted extensive search operations on November 27, 2024, at 15 locations in...
Regulator finds liquidator charging excess fee of Rs 5.46 crore; orders disgorgement
Amit Gupta, appointed as the liquidator for multiple corporate debtors, including Winsome Diamonds and Jewelry, Forever Precious Jewellery and Diamonds,...
Aircastle withdraws insolvency case against SpiceJet following amicable settlement
Aircraft lessor Aircastle (Ireland) Designated Activity Company has withdrawn its insolvency case against SpiceJet before the National Company Law Tribunal...
FAQs on the use of eBKray portal
In collaboration with the Indian Banks’ Association (IBA), IBBI has introduced a centralized online platform, eBKray, to streamline the process...
Raheja Developers to face insolvency heat after homebuyers move petition in NCLT
Raheja Developers, a prominent real estate company based in Gurugram, India, has been facing insolvency proceedings in recent times. The...