In nine years, IBC helps resolve over Rs 26 lakh crore of debt — directly or indirectly
The introduction of the Insolvency and Bankruptcy Code (IBC) nine years ago has enabled the direct resolution of Rs 12...
Supreme Court clarifies application of Limitation Act to MSMED Act conciliation and arbitration
The Supreme Court, in the case of Sonali Power Equipments Pvt Ltd. vs. Chairman, Maharashtra State Electricity Board, Mumbai &...
EoIs invited for Supertech Township’s Golf Country project
Supertech Township Project Limited, currently undergoing the Corporate Insolvency Resolution Process (CIRP), has issued a "Form-G" inviting Expressions of Interest...
10-acre land of Landmark Housing Projects up for e-auction; reserve price set at ₹ 192 crore
The liquidator of Landmark Housing Projects Chennai Pvt Ltd has invited bids for the e-auction of the company’s prime land...
Zapak Mobile Games to face insolvency proceedings
The Mumbai Bench of the National Company Law Tribunal (NCLT) has admitted an application filed by Reliance Net Limited under...
Adani Group accelerates distressed asset acquisitions via insolvency resolution route
The Adani Group has emerged as a dominant force in India's distressed asset market, strategically leveraging the Insolvency and Bankruptcy...
ED attaches assets worth ₹588 crore in Amtek Auto bank fraud case; total attachments cross ₹6,200 crore
The Directorate of Enforcement (ED), Gurugram Zonal Office, has provisionally attached movable and immovable assets worth ₹588.57 crore under the...
ED restores assets worth Rs 55.86 crore to successful bidder in Era Infra Engineering case
With the aim of returning misappropriated assets to rightful claimants, the Directorate of Enforcement (ED) has restored properties valued at...
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...