NCLT approves Rashmi Metaliks ₹75 crore resolution plan for Jagdamba Industries
The National Company Law Tribunal (NCLT) Kolkata Bench has formally approved the resolution plan submitted by Rashmi Metaliks Limited for...
Cheema Spintex Limited’s assets valued at ₹57 crore to go under e-auction on December 26
The liquidator of Cheema Spintex Limited, which is undergoing liquidation, has announced an e-auction of the company’s assets later this...
NCLAT dismisses UPJVNL plea in Essar Power MP insolvency case
The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by Uttar Pradesh Jal Vidyut Nigam Ltd (UPJVNL),...
PSU consortium led by MAHAGENCO, NTPC to take over Sinnar Thermal Power for Rs 3,800 crore
The National Company Law Tribunal (NCLT), New Delhi Bench, has approved a resolution plan worth ₹3,800.14 crores for the insolvent Sinnar Thermal...
Parliamentary panel calls for sweeping reforms to rescue India’s insolvency & bankruptcy ecosystem
The Parliamentary Standing Committee on Finance, led by Bhartruhari Mahtab, has urged the Government to implement comprehensive and urgent reforms...
NCLT approves ₹145.26 crore resolution plan for Indo Global Soft
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved a resolution plan worth ₹145.26 crore for the insolvent Indo...
What’s the reason behind Bandhan Bank selling over ₹6,900 crore in stressed assets
In a significant move to clean up its balance sheet, Bandhan Bank Ltd. recently announced plans to sell non-performing assets...
Juniper Hotels bids for distressed JW Marriott property in Bengaluru via insolvency process
Juniper Hotels Limited has announced its move to acquire the prized JW Marriott hotel property in Bengaluru, currently owned by...
Sterling Biotech saga: A timeline of India’s major bank fraud case
The Sterling Biotech case, one of India's most significant bank frauds, has neared its conclusion with the Supreme Court's conditional...
SC quashes criminal cases against Sandesara brothers; agrees to ₹5,100 crore settlement in Sterling Biotech fraud
The Supreme Court has conditionally ordered the quashing of all criminal proceedings against the fugitive Sandesara brothers in the multi-crore...