PNB receives $3.25 mn from liquidation of Nirav Modi-owned Cos in US
Punjab National Bank (PNB) has received Rs 24.33 crore ($3.25 million) as proceeds from the liquidation of Nirav Modi-owned companies...
Bank loan frauds jump three times to Rs 1.82 lakh crore in 2019-20
Bank loan frauds have seen sharp jump in 2019-20 as the latest annual report (2019-20) of the Reserve Bank of...
IBBI hands 3-month ban to insolvency professional for appointing unregistered valuer
Jaipur-based insolvency professional Rajneesh Singhvi lands in trouble for hiring an unregistered valuer. The Insolvency and Bankruptcy Board of India...
In further jolt to Era Infra insolvency case, ED freezes Co’s Axis Bank account
In what could further delay the Era Infra Engineering insolvency case, the Enforcement Directorate (ED) has attached movable asset worth...
Ease of Doing Business: India’s high ranking in resolving insolvency belies ground realities
In the Ease of Doing Business (EoB) ranking, the one parameter where India has seen sharp improvement is in resolving...
No complete ban on IBC, says IBBI chairman MS Sahoo
The Insolvency Bankruptcy Board of India (IBBI) has done a very microscopic keyhole surgery under the Insolvency and Bankruptcy Code...
Anil Ambani now faces personal bankruptcy case
In a major development, the National Company Law Tribunal (NCLT) has paved the way for starting of individual insolvency proceedings...
ED finds resolution professional colluding with BPSL promoters
The Enforcement Directorate (ED), the agency that investigates money laundering cases in India, has found resolution professional MK Khandelwal involved...
Post-Ruchi Soya, Sebi rethinks exemptions given to listed CIRP companies
The unexpected surge in Ruchi Soya share prices post-acquisition by Patanjali Ayurveda Ltd has forced the Securities and Exchange Board...
Sharing financial details with Information Utility not mandatory for filing IBC application: HC
The Calcutta High Court has struck down an order passed by the Principal Bench of Delhi NCLT making it mandatory...