Insolvency regulator proposes longer timeline for submission of creditors claims
The insolvency regulator has proposed the extension of the timeline for submission of creditors claims to 90 days from the...
Punj Lloyd liquidator fixes Rs 1,061 cr reserve price for fresh bids
In a fresh attempt to invite bids for sale of Punj Lloyd Limited on a going concern basis under the...
Reliance Retail among seven others in race for Future Supply Chain Solutions
Reliance Retail Ventures and five others have submitted expression of interest (EoI) for acquiring Future Supply Chain Solutions, a Future...
GAIL (India) infuses Rs 2,101 crore in JBF Petrochemicals
GAIL (India), the government-owned natural gas transmission company, has infused Rs 2,101 crore in JBF Petrochemicals Limited (JBFPL), a company...
2023 proving to be a tough year for airlines as many file for bankruptcy
The year 2023 has come as tough year for the airlines industry across the world. Even as India's low-cost carrier...
Financial creditors of Future Lifestyle Fashions submit Rs 2,155 crore claims
The financial creditors of Future Lifestyle Fashions Ltd have submitted claims of Rs 2,155 crore, out of which Rs 2,117...
Go First lessors initiated parallel proceedings despite NCLAT directive to NCLT: IRP in Delhi HC
The Interim Resolution Professional (IRP) for Go First argued on 30 May 2023 that the airline's cash-strapped situation led its...
Amount involved in bank frauds halved to Rs 30,252 crore in FY23
The amount involved in bank frauds continue to fall significantly over the years, as FY23 saw 13,520 bank frauds involving...
Reliance Capital creditors decide ‘equitable’ treatment to lenders; plan payouts in proportion to dues
In a significant move, the Committee of Creditors (CoC) of Reliance Capital has voted to make payment to all the...
Employees union drags news agency UNI to insolvency court
Employees of United News of India (UNI) has dragged the news agency to NCLT, which on 19 May admitted the...