Restaurant chain TGI Fridays files Chapter 11 bankruptcy in US
TGI Fridays Inc, the owner and operator of the TGI Friday’s casual dining chain, on 2 November filed voluntary petitions...
Centralized platform — eBKray — to streamline liquidation process, boosts recovery rates
The Insolvency and Bankruptcy Board of India (IBBI) has announced a significant shift in how assets are sold during corporate...
831 loan accounts of PNB involving Rs 1.03 lakh cr under IBC
State-owned Punjab National Bank (PNB) has informed that insolvency resolution process has been initiated in 831 of its loan accounts...
SC junks Byju’s, BCCI settlement; paves way for insolvency of edtech firm
Founder Byju Raveendran is increasingly looking like losing control of his once-unicorn startup Byju’s. In a major setback to the...
SC questions Jalan-Kalrock consortium over Jet Airways resolution plan
The Supreme Court has questioned the compliance and merits of the successful resolution applicant’s (SRA’s) performance as per the resolution...
NCLT rejects resolution plan for ignoring operational creditors’ dues
The Kolkata Bench of the NCLT has rejected the resolution plan submitted by Elite Enterprises for acquisition of corporate debtor...
Tupperware files for Chapter 11 bankruptcy
The once-popular Tupperware brand, synonymous with colorful, airtight food storage containers, has filed for bankruptcy protection. The company, whose sales...
Gini & Jony kidswear brand to undergo insolvency proceedings
Indian kid's fashion brand Gini & Jony, promoted by Lakhani brothers, will undergo corporate insolvency resolution process after the Mumbai bench...
SC allows Adani Power, DAIT to operate Coastal Energen plant
The Supreme Court has allowed the consortium of Dickey Alternate Investment Trust (DAIT) and Adani Power to operate a power...
Max Healthcare to acquire 64% in Jaypee Healthcare for Rs 1.7k cr
Max Healthcare (MHIL) will 64% stake in financially stressed Jaypee Healthcare (JHL) for an enterprise value of Rs 1,660 crore. Max...