Nazara Technologies acquires Smaaash Entertainment for Rs 126 crore
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved Nazara Technologies Limited’s ₹126 crore resolution plan to acquire debt-laden...
NCLT approves Rs 362.5 crore resolution plan for RG Residency
The National Company Law Tribunal (NCLT) Principal Bench in New Delhi has approved a ₹362.5 crore resolution plan for RG...
IREDA drags Gensol Engineering to insolvency court
Gensol Engineering Limited, once a rising star in India's clean energy and electric vehicle (EV) space, now faces an insolvency...
ICAI proposes special measures for insolvency resolution of defunct companies
ICAI has suggested implementation of specialized measures to the challenges posed by defunct companies in the corporate insolvency resolution process...
18 ARCs in race for stressed loans of Sahara Hospitality: Report
As many as 18 asset reconstruction companies (ARCs) have submitted expressions of interest (EoIs) to acquire the ₹1,728.58 crore stressed...
ICAI suggests key reforms to improve IBC effectiveness
The Institute of Chartered Accountants of India (ICAI) has proposed a series of strategic reforms to strengthen the Insolvency and...
40 insolvency resolution cases which resulted in 100% recovery
The Insolvency and Bankruptcy Code (IBC), 2016, has achieved a remarkable milestone with 40 corporate insolvency resolution processes (CIRPs) yielding 100% recovery of admitted...
NCLAT upholds order dismissing insolvency proceedings against PepsiCo India
The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by SNJ Synthetics Limited against an order by...
NCLT gives nod to initiation of insolvency proceedings against GVK Energy
The National Company Law Tribunal (NCLT), Hyderabad Bench, on Wednesday initiated insolvency proceedings against GVK Energy Limited, a corporate guarantor...
Insolvency petition filed against Reliance Home Finance
Reliance Home Finance, once owned by Anil Ambani, is staring at insolvency proceedings after a financial creditor, Invent Assets Securitisation...