IREDA files Section 19 plea against Gensol Engineering in DRT
The Indian Renewable Energy Development Agency (IREDA) has intensified its efforts to recover significant dues from Gensol Engineering Limited and...
IBC results in 4% reduction in overall leverage: IBBI Study
The Insolvency and Bankruptcy Code (IBC) has triggered a paradigm shift in India’s corporate debt landscape, fostering fiscal discipline while...
IBC transforms India’s financial landscape: Forex hedging, bond markets, and exports gain momentum
The Insolvency and Bankruptcy Code (IBC), implemented in 2016, has catalyzed systemic improvements across India’s financial ecosystem, extending far beyond...
Aakash says EY has ‘serious conflict of interest’ in ongoing insolvency case against Byju’s
Aakash Educational Services Ltd. (AESL) has escalated its legal battle against Ernst & Young LLP (EY), alleging a “serious conflict...
How to claim unclaimed dividend or proceeds from a company under liquidation
The Insolvency and Bankruptcy Board of India (IBBI) manages unclaimed dividend and undistributed proceeds from companies undergoing liquidation through a...
NBCC sells Aspire Silicon City to AU Real Estate for Rs 1,468 crore
Aspire Silicon City, a previously stalled real estate project of the erstwhile Amrapali Group, has been sold to AU Real...
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...