IBBI levies penalty on insolvency professional for wrong interpretation of IBC provisions
The Insolvency and Bankruptcy Board of India (IBBI) has imposed a penalty of Rs. 1 lakh on insolvency professional Vishal...
Gujarat High Court stays insolvency proceedings against Rasna
The Gujarat High Court has stayed the order of the National Company Law Tribunal (NCLT) that directed the initiation of...
IATA blocks 2-letter designator code for bankrupt Go First
The International Air Transport Association (IATA) has blocked the two-letter designator code "G8" for Go First, a bankrupt Indian airline...
Rasna to undergo insolvency process for failing to pay Rs 71 lakh
The Rasna Private Ltd, the creator of the iconic Rasna brand of drinks, will undergo corporate insolvency resolution process (CIRP)...
Naresh Goyal booked Rs 1,000 crore personal expenses in Co. name: ED
The Enforcement Directorate, which arrested ex-Chairman of Jet Airways Naresh Goyal on 1 September 2023, has said that Goyal and...
Bids invited from asset valuers for valuation of IDBI Bank assets
The Department of Investment and Public Asset Management (DIPAM), on behalf of government of India and LIC, wishes to engage...
ED arrests Jet Airways founder Naresh Goyal in Rs 538-cr fraud case
Naresh Goyal, the founder of Jet Airways, was arrested on Friday in connection with an alleged bank fraud of Rs...
Jalan Kalrock Consortium deposits ₹100 crore in Jet Airways
The Jalan Kalrock Consortium (JKC) has deposited ₹100 crore in Jet Airways, less than 48 hours after the National Company...
Zee Group settles Rs 6,500 crore Yes Bank debt; bank takes 75% haircut
Zee Group and Yes Bank have reached a one-time settlement (OTS) for the outstanding debt of ₹6,500 crore, according to...
Resolution plan can terminate related party contracts: NCLT
A recent NCLT ruling has clarified that the successful resolution applicant (SRA) in a corporate insolvency resolution process has the...