NCLAT closes Mcleod Russel insolvency proceedings after settlement with financial creditor
The National Company Law Appellate Tribunal (NCLAT) has closed the Corporate Insolvency Resolution Process (CIRP) against Mcleod Russel India, the...
Insolvency application filed against Prime Securities
Prime Securities, a provider of diversified, investment banking and corporate advisory services, has informed the exchanges that an insolvency petition...
Homeshop18 to face insolvency proceedings
Television Home Shopping Network Limited, an e-commerce marketplace in India under the brand name HomeShop18, will face corporate insolvency resolution...
Recovery from resolutions in Jan-Mar’23 at 50% of admitted claims
In the January-March 2023 quarter, 70 Corporate Insolvency Resolution Processes (CIRPs) ended in resolution leading to recovery of Rs 32,137...
Inventory auction of erstwhile Nirav Modi firm Firestar Diamond fetches Rs 32 crore
The liquidator of Firestar Diamond International Pvt Ltd managed to raise Rs 32.16 crore from the auction of precious inventory...
NCLT orders liquidation of EPC firm CCCL
The Chennai bench of the NCLT has pronounced initiation of liquidation process against Consolidated Construction Consortium Limited (CCCL), a Chennai-based...
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...
No plans of filing for insolvency: SpiceJet
Amid stressed financials and lessors baying for its blood, the management of SpiceJet has said that it has no plans...
NCLT admits Go First insolvency application; gets protection against recovery from lessors
The Delhi bench of National Company Law Tribunal (NCLT) on 10 May 2023 admitted the insolvency petition filed by Go...
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...