SBI to withdraw insolvency plea against Bajaj Hindusthan Sugar
State Bank of India has made a submission in NCLT regarding withdrawal of its application for initiating corporate insolvency resolution...
Reliance Capital resolution at risk as IRDAI rejects IIHL’s proposal to pledge insurance arm shares
After the insurance regulator --IRDAI -- rejected Hinduja Group-led IIHL's proposal to raise funds for the Reliance Capital acquisition by...
NCLT approves Steel Strips Wheels Rs 138-cr bid for AMW Auto Component
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) has approved the Rs 138.15 crore resolution plan submitted by...
Naveen Jindal-owned firm expresses interest in buying out Go First
Naveen Jindal, the promoter of Jindal Steel and Power, has expressed interest in buying insolvent airline Go First. Go First...
NCLT approves Ebix’s Rs 325-crore resolution plan for Educomp Solutions
The New Delhi bench of the NCLT has approved the Rs 325-crore resolution plan submitted by Ebix Singapore Pte. Ltd...
Swan Energy makes Rs 50 cr upfront payment to Reliance Naval and Engineering lenders
The successful resolution applicant Swan Energy has made an upfront payment of Rs 50 crore to the lenders of Reliance...
NCLAT reverses NCLT order; approves resolution plan of Viceroy Hotels
The Chennai bench of National Company Appellate Law Tribunal (NCLAT) has approved Agro Farms Private Limited’s resolution plan for Hyderabad-based...
Litigation finance to be $57 bn market in India by 2035: LegalPay founder
Rising legal costs in India often lead to companies and litigants prematurely closing cases due to financial constraints. Legalpay, a...
Govt keeps aircrafts, helicopters out of ambit of moratorium under IBC
In a big move which could have bearings on the ongoing Go First CIRP, the Ministry of Corporate Affairs has...
IL&FS Group pays off Rs 35,650 crore debt; initiates dividend pay out of Rs 810 crore
IL&FS Group has discharged an aggregate debt of around Rs 35,650 crore by way of monetization of assets, auto debits...