Lenders move Supreme Court seeking liquidation of Jet Airways
Frustrated with the delays in the airline's revival, lenders of Jet Airways have moved the Supreme Court seeking liquidation of...
Section 66 of IBC cannot be used to recover dues from 3rd parties: Supreme Court
The Supreme Court in a recent order has said that the remedy against third parties for recovery of dues payable...
Jaiprakash Associates defaults on repayment of Rs 4,044 crore loan
Jaiprakash Associates Ltd (JAL) defaulted on a payment of Rs 4,044 crore on 30 June 2023. Out of Rs 4,044...
Chapter 11 bankruptcy filings in US rise 68% in first half of 2023
Commercial chapter 11 bankruptcies in the US rose 68% to 2,973 during the first six months of 2023 compared with...
Rs 501-crore resolution plan for Indu Projects gets NCLT approval
The Rs 501-crore resolution plan submitted by B Subba Reddy in consortium with C Venkateswara Reddy for Indu Projects Limited...
Desperate Go Airlines passengers make calls, write mails to NCLT for refunds
Desperate for refunds of their ticket prices, passengers of Go Airlines have been sending mails and making phone calls to...
Delhi HC allows lessors of Go First to carry out maintenance works of aircrafts
The Delhi High Court has allowed various lessors of insolvent airline Go First to carry out inspection and interim maintenance...
Reliance Naval and Engineering to cancel shares of existing shareholders
The Monitoring Committee overseeing the implementation of Swan Energy’s resolution plan for Reliance Naval and Engineering Ltd has proposed to...
Six bidders in race to acquire Asian Hotels (West)
The resolution professional of Asian Hotels (West) has informed the exchanges that six prospective resolution applicants have submitted resolution plans...
Coffee Day Enterprises defaults on payment of Rs 465 crore
Coffee Day Enterprises, the owners of Cafe Coffee Day outlets, are in trouble after they defaulted on a payment of...