46 lakh UB shares held by McDowell Holdings sold for Rs 678 crore
Resolution Professional of McDowell Holdings Ltd Konduru Prasanth Raju has informed the exchanges that the 46,28,452 investee shares of McDowell...
Lenders creating obstacles in revival of Jet Airways: Jalan Kalrock consortium
The Jalan Kalrock Consortium (JKC) told the National Company Law Appellate Tribunal (NCLAT) that they are ready to revive Jet...
Lenders approve BTL EPC resolution plan for McNally Bharat Engineering
The Committee of Creditors of McNally Bharat Engineering Company Limited has approved the resolution plan submitted by BTL EPC Ltd....
NCLT allows Go First to use aircrafts; denies lessors access to planes for maintenance
The New Delhi bench of NCLT has allowed Go First to fly the aircrafts it procured by leasing. The NCLT...
2nd round of e-auction for sale of Punj Lloyd as going concern on 28 Aug
The liquidator of Punj Lloyd Ltd -- Ashwini Mehra – will hold the second round of e-auction on 28 August...
Treatment of pledged shares as security under IBC
Pledging of shares is a common practice among creditors to secure a loan. In case of pledged shares, the pledgor...
Banks recovered Rs 7.15 lakh crore bad debts in five years: Govt
The government has again reassured parliament that banks are taking every step to recover written-off loans. Responding to a parliament...
NARCL acquires Rs 21,350-cr debt of three entities: Govt
The government has informed parliament that the National Asset Reconstruction Company Limited (NARCL) had acquired three borrower entities -- Jaypee...
Significance of SC verdict in State Tax officers vs Rainbow Papers
The recent Supreme Court order in Paschimanchal Vidyut Vitran Nigam Ltd. v. Raman Ispat Private Limited & Ors has brought back the...
Company insolvencies in UK up 27% in June; individual bankruptcies up 29%
The number of registered company insolvencies in UK in June 2023 was 2,163, 27% higher than in the same month...