NCLAT stays insolvency proceedings against Reliance Infrastructure
In a major relief for Reliance Infrastructure, the National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed insolvency proceedings initiated...
Natural gas-based plant of Konaseema Gas Power to be auctioned on 20 June; reserve price fixed at Rs 227.61 crore
The 445 MW natural gas-based power plant of Konaseema Gas Power Limited (KGPL) is set to be auctioned on June...
Jet Airways puts BKC office for sale; reserve price fixed at Rs 335 crore
Jet Airways (India) Limited’s former corporate office in Mumbai’s premium business district, Bandra Kurla Complex (BKC), is set to go...
Resolution professional can now invite interim finance providers to CoC meetings
The Insolvency and Bankruptcy Board of India (IBBI) has introduced significant changes to the corporate insolvency framework by notifying the...
Evonith Holdings buys Topworth Urja for Rs 502 cr via insolvency process
The Mumbai Bench of the National Company Law Tribunal (NCLT) has approved Rs 502-crore resolution plan submitted by Evonith Holdings...
Kotak Alternate Asset Managers exits Prius Platinum, acquired through IBC, in a Rs 750-cr deal
The Prime Offices Fund (PRIME), a commercial real estate fund managed by the Nuvama and Cushman & Wakefield Management (NCW)...
A peek into recovery mechanism of UCO Bank
Uco Bank is aggressively pursuing a multi-pronged strategy to recover bad debts, demonstrating a comprehensive approach across all organizational levels....
IBBI streamlines CIRP with new digital framework
The Insolvency and Bankruptcy Board of India (IBBI) has announced a significant reform to the Corporate Insolvency Resolution Process (CIRP)...
Diverse recovery mechanisms SBI uses to deal with stressed loans
The State Bank of India (SBI), India’s largest lender, has demonstrated remarkable success in its concerted efforts to recover Non-Performing...
SC halts BPSL liquidation as JSW Steel plans to seek review
The Supreme Court on Monday paused liquidation proceedings of Bhushan Power and Steel Ltd (BPSL), granting temporary relief to JSW...