NARCL completes acquisition of SREI Infra Finance & Equipment Finance
National Asset Reconstruction Company (NARCL) on 8th December 2023 signed documents for acquisition of the two SREI companies – SREI...
NCLT dismisses insolvency plea against Kerala State Electricity Board
The Insolvency and Bankruptcy Code (IBC) is not a recovery mechanism available to anyone with a claim exceeding the threshold...
Compulsorily Convertible Debentures are equity, not debt: Supreme Court
In a landmark decision, the Supreme Court has ruled that Compulsorily Convertible Debentures (CCDs) are to be treated as equity...
November commercial chapter 11 filings increase 141% in US
The bankruptcy filing by WeWork, Inc. in November propelled November commercial chapter 11 filings to 842, an increase of 141...
Rs 49.20 lakh highest package received in campus placement of CAs in Nov
During 58th Campus Placement Programme held for newly qualified CAs of the May 2023 examinations, witnessed an overwhelming response, with...
Singla Builders resolution plan promises delivery of flats to homebuyers of Ansal Lotus Melange
Great news for Ansal Lotus Melange homebuyers. The National Company Law Tribunal (NCLT) has approved the resolution plan submitted by...
NCLT dismisses insolvency petition against OYO Hotels
The National Company Law Tribunal (NCLT) has rejected Mindmill Software's application to initiate corporate insolvency resolution proceedings against OYO Hotels...
Economic momentum to support improvement in Indian bank asset quality, profitability in 2024: Fitch
Fitch Ratings expects greater divergence in the performance of banking sectors in Asia Pacific (APAC) in 2024, with five countries...
Special Situation Funds should not be used to circumvent Section 29A of IBC: Sebi
The Securities and Exchange Board of India (SEBI) has proposed stricter due diligence requirements for investors in Special Situation Funds...
Kirloskar Electric Company Ltd faces insolvency proceedings
Kirloskar Electric Company Limited (the Company) has informed the exchanges announced that it has been served with an application by...