JM Financial consolidates wholesale credit, ARC biz under one platform
The Board of Directors of JM Financial Ltd at its meeting held on 6 July 2024 approved the acquisition of...
Lenders reject one-time settlement proposal of Jaiprakash Associates promoters
Lenders of Jaiprakash Associates Ltd (JAL) led by ICICI Bank have rejected the modified one-time settlement proposal, in which the...
NCLT allows BPCL arm to acquire Videocon Oil Ventures Brazil assets
The Mumbai bench of the National Company Law Tribunal (NCLT) has allowed Bharat Petro Resources Limited (BPRL) Ventures BV to...
Financial creditors of Jaiprakash Associates submit claims of Rs 51k cr
The financial creditors of Jaiprakash Associates Ltd (JAL), which is undergoing corporate insolvency resolution process, have submitted claims worth Rs...
Harvest Hotels goes to Serveall Land Developers for Rs 107 crore
The principal bench of the National Company Law Tribunal (NCLT), New Delhi, has approved the Rs 107 crore resolution plan...
Bina Shah, Seema Goel successfully bid for Richfeel Health & Beauty
The company that has pledged a bald-free India had to be rescued curiously by a consortium of two women –...
Amendment likely to clarify resolution does not extinguish liability of guarantors
The Insolvency and Bankruptcy Board of India (IBBI) has proposed several changes to streamline the corporate insolvency resolution process as...
Era Infra gets lifeline as NCLT approves SA Infrastructure’s resolution plan
The National Company Law Tribunal (NCLT) has given a sigh of relief to Era Infra Engineering Limited (Era Infra) by...
NCLAT asks ICICI to consider OTS proposal in Jaiprakash Associates case
Insolvency appellate tribunal NCLAT has issued a notice to ICICI Bank over the plea of Jaiprakash Associates Ltd and said...
ARCs to recover 500-700 bps more from stressed residential realty projects
Asset reconstruction companies (ARCs) are set to see an increase in the cumulative recovery rate for stressed residential real estate projects...