Cosmea-Piramal consortium pulls out from bidding process for Reliance Capital
The Reliance Capital insolvency resolution process hits another roadblock with the exit of the Cosmea-Piramal consortium from the e-auction scheduled...
VHM Industries to undergo insolvency resolution process
Mumbai-based textile company -- VHM Industries Limited – will undergo corporate insolvency resolution process after the Mumbai-bench of the NCLT...
PSBs made Rs 4.24 lakh crore recovery in last four years
The public sector banks (PSBs) have effected record recovery of Rs 4.24 lakh in the last four years and first...
NCLT approves Pristine Malwa Logistics Rs 480 crore bid for Sical Logistics
The Chennai bench of the National Company Law Tribunal (NCLT) has approved the resolution plan of Pristine Malwa Logistics Park...
A2Z Infra Engineering goes for one-time settlement of Rs 134 cr dues to IDBI Bank
A2Z Infra Engineering Ltd has managed to convince IDBI Bank to agree to its proposal for One-Time Settlement (OTS) of...
Zee Entertainment dragged to insolvency court by IDBI Bank
There’s no end of troubles for Essel group as one of its companies -- Zee Entertainment Enterprise Ltd – now...
Mumbai real estate firm Hubtown faces insolvency proceedings
Mumbai-based real estate company Hubtown has been dragged into insolvency court by International Asset Reconstruction Company Private Limited for apparently...
Public sector banks recovered Rs 1.03 lakh crore written-off loans in last five years
Public sector banks have recovered Rs 1,03,045 crore of written-off loans in the past five years, the government informed the...
Reliance Capital base price for e-auction hiked to Rs 6,500 crore
The insolvency resolution process of Reliance Capital is heading towards another stalemate after the Committee of Creditors (CoC) in its...
Dalmia Bharat to buy cement, power business of Jaiprakash Associates
Dalmia Cement (Bharat) Limited (DCBL), a wholly owned subsidiary of Dalmia Bharat Limited, will buy cement business of Jaiprakash Associates...