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...
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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...
Golden Tobacco insolvency process extended by 90 days till 22 Sep
The committee of creditors (CoC) of Golden Tobacco has approved the extension of Insolvency Resolution Process period by 90 days...
Over Rs 19,000-crore claims submitted by Go Airlines ticket holders, agents, vendors and lessors
Go Airlines operational creditors -- which include individual ticket holders, agents/aggregators/payment gateways, vendor and lessors – have so far submitted...
Four questions of law addressed by NCLAT in Go Air order
In upholding the 10th May 2023 order of the New Delhi bench of the NCLT, allowing admission of insolvency petition...
Fugitive bizman Nitin Sandesara’s Sterling Oil Resources to undergo insolvency proceedings
Fugitive businessman Nitin Sandesara-owned Sterling Oil Resources Limited (Corporate Debtor) will face the corporate insolvency resolution process after Mumbai-bench of...
NCLAT rejects Venugopal Dhoot offer to settle dues of Videocon arm Trend Electronics
The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea by former Videocon Industries chairman Venugopal Dhoot against an...
In first resolution under pre-packed insolvency, Aquarius Fincap takes over Amrit India
In the first successful resolution of a Pre-packed Insolvency Resolution Process (PPIRP), Aquarius Fincap and Credits Private Limited has successfully...
SC gives a go-ahead to second round of auction for Reliance Capital
The Supreme Court of India on Monday gave a major setback to Torrent Investments as it refused to stay NCLAT...
Over 21,000 cases pending with NCLT, government informs parliament
The government has informed parliament that 21,205 cases are pending with different benches of National Company Law Tribunal (NCLT) as...