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...
“Sintex buy to help Welspun reach more households nationwide”
Welspun has acquired the plastic industry market leader Sintex BAPL through the corporate insolvency resolution process. The deal marks a...
IBBI Regulations carry a statutory flavour and are binding on the NCLT: MS Sahoo
Former Insolvency and Bankruptcy Board of India (IBBI) Chairperson MS Sahoo (in pic) shares his views on legal sanctity of...
Zee Entertainment settles insolvency dispute with IndusInd Bank
Zee Entertainment Enterprises Ltd and IndusInd Bank have entered into a settlement agreement by which all disputes and claims have...
Norwegian firm acquires Lanco Mandakini Hydro Energy; fully pays financial creditors
Norwegian power company Statkraft IH Holding AS, a 100% subsidiary of Statkraft AS, has got a go-ahead from the National...
Is Adjudicating Authority bound by recommendations of resolution professional?
Khushboo Sai Khurana Is Adjudicating Authority bound by the recommendations of Resolution Professional (RP) made under section 99 of IBC,...
Supreme Court says borrowers must be heard before declaring them fraud
The Supreme Court of India in a very important verdict has said that the principles of natural justice demand that...
Second round of auction for Reliance Capital on 2 April
In a glimmer of hope for Reliance Capital lenders and other stakeholders, the second round of auction might see the...
Reliance Capital stares at liquidation as lenders pull out auction process
Reliance Capital is staring at liquidation after all the bidders have shown reluctance to go ahead with the next round...