Case study: Innoventive Industries Vs ICICI Bank
The case involved an appeal concerning the Insolvency and Bankruptcy Code of 2016. The appellant, Innoventive Industries Ltd., faced losses...
Artha Global Opportunities Fund nets 6X return from investments in distressed assets
Artha Global Opportunities Fund, the first Foreign Portfolio Investor (FPI) focused on distressed assets and special situations to shift its...
Limited Insolvency Examination scheduled on 5th May postponed to 1st July 2025
Due to administrative exigencies, the commencement of Phase 9 of Limited Insolvency Examination (LIE), which was earlier scheduled to begin...
SC orders CBI probe into builder-bank collusion affecting over 1,200 homebuyers
The Supreme Court of India has directed the Central Bureau of Investigation (CBI) to launch a sweeping probe into alleged...
Suraksha-led Jaypee Infratech commits Rs 5,500 crore to complete delayed housing projects
In a bid to address the long-standing grievances of approximately 20,000 homebuyers, Jaypee Infratech Limited (JIL), now under the Suraksha...
Poonawalla Fincorp implements AI-powered debt management platform
Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group promoted NBFC, focused on Consumer & MSME Lending, has announced the implementation...
Gap between homebuyers’ hope and commercial viability of resolution often leads to mistrust: Amit Karia
Amit Karia, a Mumbai-based insolvency professional, has handled a number of complex corporate insolvency resolution processes (CIRPs) over the past...
Max Estates revives stalled Delhi One Project in Noida, eyes Rs 2,000-cr sales potential
In a major development for the National Capital Region's (NCR) real estate market and offering much-needed relief to homebuyers, Max...
Insolvent art auction house Osian’s sold off for Rs 31 crore
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved a resolution plan for Osian’s Connoisseurs of Art Pvt Ltd, a...
Lenders nod to Howen International buying 42.25% in IL&FS Engineering
IL&FS Engineering and Construction Company Limited (IL&FSENGG) has said that the Committee of Creditors (CoC), representing 82.58% in value, has...