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...
Jaypee Associates approves insolvency proceedings for Bhilai Jaypee Cement
Jaiprakash Associates Limited (JAL), currently undergoing Corporate Insolvency Resolution Process (CIRP), announced today that its Committee of Creditors (CoC) has...
Bhushan Power resolution plan implementation as per law: JSW Steel
JSW Steel has said that it implemented the resolution plan for Bhushan Power and Steel Ltd in compliance with law...
Bajaj Auto comes to the rescue of insolvency-bound KTM
Bajaj Auto Limited, through its wholly-owned Netherlands-based subsidiary, Bajaj Auto International Holdings BV (BAIHBV), has made a critical intervention to...
Pashupati Dairies admitted into CIRP by NCLT Delhi
The National Company Law Tribunal (NCLT), New Delhi Bench (Court-VI), has admitted an insolvency petition against M/s Pashupati Dairies Private...