Kamachi Industries acquired by Jaicorp for Rs 487 crore
Chennai-based Kamachi Industries Limited, an integrated steel company, has been acquired by Jaicorp’s vice chairman, Virendra Jain along with his...
Committed to OTS with lenders: Promoters of Coastal Energen
Promoters of Coastal Energen have reiterated that their earlier settlement proposal at Rs 5,847 crore is far higher than Adani’s...
IBC offers impetus to recovery segment of financial markets: Economic Survey
The insolvency and Bankruptcy Code (IBC) has offered fresh impetus to the recovery segment of the financial markets and the...
Simbhaoli Sugar to face insolvency proceedings after defaulting on Rs 130 cr loan
The Allahabad Bench of the National Company Law Tribunal (NCLT) has given go ahead to initiate corporate insolvency resolution process...
Devvrat Developers to acquire Delhi-based Leading Hotels for Rs 219 crore
Mumbai-based Devvrat Developers Private Ltd has got the NCLT nod to acquire the assets of Leading Hotels Ltd for Rs...
Byju’s failed defence against BCCI insolvency application
As the Bengaluru bench of the NCLT admitted an insolvency petition filed by Board of Control for Cricket in India...
Insolvency court admits bankruptcy petition against Byju’s
The Bengaluru Bench of the NCLT has admitted the insolvency application filed by Board of control for Cricket in India...
Median recovery for operational creditors only 6% under IBC: Report
Even though recovery of total claims under the Insolvency and Bankruptcy Code averaged around 32%, with a median of 24%,...
MGM Healthcare acquires SevenHills Hospital in Vizag for Rs 171 crore
MGM Healthcare, a multi-specialty quaternary-care group, has acquired the 300-bed SevenHills Hospital in Visakhapatnam for Rs 171 crore. The acquisition...
Improve quality of information memorandum, says IBBI chairman
There is a need to improve the quality of information memorandum under the corporate insolvency resolution process (CIRP), Ravi Mital,...