Resolution professional a public servant, comes under Prevention of Corruption Act: Jharkhand HC
The assignment of and duty performed by a resolution professional are in the nature of public duty and therefore, will...
Liquidator to conduct e-auction for C&C Constructions on 8 May
The liquidator of C&C Constructions Limited will be conducting e-auction for sale of the company as going concern on 8th...
Reliance Capital CIRP likely to get delayed further; auction may get deferred by a week
The lenders of Reliance Capital are considering an extension of deadline for completion of resolution process till 30 May 2023....
CCI approves NARCL acquisition of SREI Infrastructure Finance
The Competition Commission of India (CCI) has approved the acquisition of SREI Infrastructure Finance Limited by National Asset Reconstruction Company...
Virgin Orbit files for chapter 11 bankruptcy in US
Maverik British billionaire Richard Branson's satellite launch company Virgin Orbit has filed for bankruptcy in the US after it failed...
Credit rating downgrades up 6.4% bps in second half of FY23: Crisil
The CRISIL Ratings credit ratio — of upgrades to downgrades — moderated to 2.19 in the second half of fiscal...
Auction for Reliance Capital now on 11 April; Torrent, Hinduja, Oaktree in fray
In a big boost to the insolvency resolution process of Reliance Capital, three bidders have agreed to participate in the...
Adani Ports and SEZ acquires Karaikal Port for Rs 1,583 crore
Adani Ports and Special Economic Zone Ltd (APSEZ) has completed the acquisition of Karaikal Port Private Limited (KPPL) after the...
Jindal Saw acquires Hyderabad-based Sathavahana Ispat for Rs 694 crore
The National Company Law Tribunal has approved the Rs 694 crore resolution plan of Jindal Saw Limited for Hyderabad Sathavahana...
Commercial wisdom of CoC in approval or rejection of Resolution Plan
The Insolvency & Bankruptcy Code, 2016 (IBC/ Code) is creditor driven insolvency regime. Under the code there has been a...