Company insolvencies in UK fall 15% in April
In April 2023, the registered company insolvencies in the UK totalled 1,685, showing a 15% decrease compared to the same...
DS Group acquires Viceroy Bangalore Hotels through insolvency process
The NCLT has approved the Rs 300-crore resolution plan by Gutkha manufacturer Dharampal Satyapal Limited (DS Group) for Viceroy Bangalore...
Four questions of law addressed by NCLAT in Go Air order
In upholding the 10th May 2023 order of the New Delhi bench of the NCLT, allowing admission of insolvency petition...
Voluntary Liquidation: A comprehensive analysis of wilful business closure
The culmination of business of a Body Corporate is by way of Liquidation or winding up its business operations, where...
NCLT nod to acquisition of National Steel & Agro Industries by JSW Group
The OP-Jindal led JSW group has made another acquisition through the Corporate Insolvency Resolution process (CIRP) as the National Company...
Tulip Hotels in insolvency for failing to pay Rs 900 cr to Yes Bank
Ajit Kerkar-owned Tulip Hotels Pvt Ltd (corporate debtor) will undergo corporate insolvency resolution process (CIRP) after the Mumbai-bench of the...
Fugitive bizman Nitin Sandesara’s Sterling Oil Resources to undergo insolvency proceedings
Fugitive businessman Nitin Sandesara-owned Sterling Oil Resources Limited (Corporate Debtor) will face the corporate insolvency resolution process after Mumbai-bench of...
Reliance, Adani Group out of race for Future Retail
Reliance Retail Ventures and April Moon Retail, backed by the Adani group, have reportedly pulled out of the race for...
US-based Vice Media files for bankruptcy
Vice Media, once a rising star in the digital media industry, has encountered significant setbacks and filed for Chapter 11...
NCLAT closes Mcleod Russel insolvency proceedings after settlement with financial creditor
The National Company Law Appellate Tribunal (NCLAT) has closed the Corporate Insolvency Resolution Process (CIRP) against Mcleod Russel India, the...