Indian Oil Corporation set to acquire assets of Mercator Petroleum
Public sector oil marketing company -- Indian Oil Corporation – has emerged as the successful resolution applicant in the corporate...
Future Enterprises to undergo insolvency process after failing to clear Rs 1-cr debt
After Future Retail, another Future group company – Future Enterprises – will undergo corporate insolvency resolution process (CIRP) after the...
Significance of Jaypee Infratech insolvency resolution process
The approval of Suraksha Realty’s resolution plan for Jaypee Infratech by NCLT marks the end of a long, tortuous plan...
NCLT approves Suraksha Realty’s bid for Jaypee Infratech
The long wait for 20,000 homebuyers of Jaypee Infratech Ltd may finally be over as the National Company Law Tribunal...
Torrent Investments move SC against 2nd round of auctions for Reliance Cap
Torrent Investments has moved Supreme Court against the recent order by National Company law Appellate Tribunal (NCLAT) that allowed creditors...
Resolution professional initiates forensic audit of RCI Industries books
The resolution professional of RCI Industries and Technologies Ltd has decided to initiate a forensic audit on the company as...
IPRS withdraws insolvency plea against Zee Entertainment
In fresh relief to Zee Entertainment Enterprises Ltd, the Indian Performing Right Society Limited (IPRS) has withdrawn the insolvency petition...
Personal insolvencies in Australia up 25% in January
Personal insolvencies in Australia increased 24.5% in January 2023, according to new monthly statistics released recently by the Australian Financial Security...
Commercial chapter 11 US bankruptcy filings up 83% in February
New bankruptcy filings in February 2023 registered double-digit increases year-over-year across all U.S. major filing categories, according to data provided...
Govt exempts certain IBBI earnings from income tax for five years
The government of India has notified the income tax exemptions to certain income of the insolvency regulator – Insolvency and...