Six bidders in race to acquire Asian Hotels (West)
The resolution professional of Asian Hotels (West) has informed the exchanges that six prospective resolution applicants have submitted resolution plans...
Coffee Day Enterprises defaults on payment of Rs 465 crore
Coffee Day Enterprises, the owners of Cafe Coffee Day outlets, are in trouble after they defaulted on a payment of...
NCLAT closes CIRP against Zee after settlement with IndusInd Bank
The National Company Law Appellate Tribunal (NCLAT) has disposed of the appeal filed by Zee Entertainment Enterprise promoters after the...
Hinduja Group to raise $1.5 bn to fund Reliance Capital buyout
Hinduja group-owned IndusInd International Holdings (IIHL) announced a $1.5 billion capital raising plan. The plan will increase IIHL's holding in...
IICA, NALSAR University start LLM in insolvency and bankruptcy law
The National Academy for Legal Studies and Research (NALSAR) in collaboration with Indian Institute of Corporate Affairs (IICA) is offering...
Golden Tobacco insolvency process extended by 90 days till 22 Sep
The committee of creditors (CoC) of Golden Tobacco has approved the extension of Insolvency Resolution Process period by 90 days...
Reliance Capital lenders approve IIHL resolution plan with 99.6% votes
The long-drawn insolvency resolution process of Reliance Capital got further close to a closure on 29 June. The lenders of...
NCLT approves Rs 1080-crore resolution plan for DS Kulkarni Developers
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the Rs 1080-crore resolution plan submitted by the...
Tilaknagar Inds arm Prag Distillery moves out of liquidation process
Prag Distillery Pvt. Ltd, the wholly-owned subsidiary of Tilaknagar Industries Limited (TI) has moved out of liquidation process as a...
CoC of Future Enterprises reconstituted; financial creditors submits Rs 12,265 crore claims
The interim resolution professional of Future Enterprises Ltd has reconstituted the Committee of Creditors, and admitted claims of more than...