Rakesh Shah of GSEC buys out Ushdev Engitech for Rs 95 crore
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved the resolution plan submitted by Rakesh Ramanlal Shah for Ushdev Engitech Limited,...
Creditors asked to submit claims as of Neptune Ventures liquidation process begins
The liquidator of Neptune Ventures and Developers Private Limited has asked all creditors and stakeholders to submit their claims within...
NCLT admits twin insolvency pleas by NARCL against Era Infra Group cos
The National Company Law Tribunal (NCLT) in New Delhi has simultaneously admitted two separate insolvency pleas against its subsidiary companies...
JTL Industries acquires RCI Industries for Rs 46.5 crore
The National Company Law Tribunal (NCLT), New Delhi Bench, has approved the resolution plan submitted by JTL Industries Limited for...
IBBI proposes mandatory beneficial ownership disclosure for resolution applicants
The Insolvency and Bankruptcy Board of India (IBBI) has proposed mandatory disclosures of Beneficial Ownership by prospective resolution applicants (PRAs)....
NCLAT sets aside private sale of Corporate Power Ltd, orders fresh bidding
The National Company Law Appellate Tribunal (NCLAT) has set aside the private sale of Corporate Power Ltd (CPL) to Orissa...
IPs asked to file application before PMLA courts to seek restitution of assets attached by ED
In a significant move to boost recoveries in insolvency cases, the Insolvency and Bankruptcy Board of India (IBBI) has formally...
E-Auction set for Jammu assets of Surya Pharmaceutical with reserve price of ₹92 crore
Assets worth Rs 92 crore of Surya Pharmaceutical Limited, which is under liquidation, will be put on the block in...
ED attaches ₹4,462 crore prime Navi Mum land in Reliance Communications fraud case
In a major crackdown on alleged financial malfeasance, the Enforcement Directorate (ED) has provisionally attached a massive 132-acre land parcel...
SC dismisses GLAS, BYJU’S RP plea; clears rights issue of Aakash
The Supreme Court of India has dismissed the civil appeals filed by GLAS Trust Company LLC, a creditor of Think...