3,000 homebuyers submit Rs 3,192 cr claims against Ansal Properties and Infrastructure
Around 3,000 homebuyers have submitted claims of Rs 3,192 crore under the corporate insolvency resolution process of Ansal Properties and...
NARCL emerges the highest bidder for SREI Infrastructure Finance, SREI Equipment Finance
National Asset Reconstruction Company Ltd (NARCL) has emerged as the highest bidder for SREI Infrastructure Finance and SREI Equipment Finance in...
NCLT asks CoC not to consider Hinduja group’s bid for Reliance Capital
The Mumbai bench of the National Company Law Tribunal (NCLT) has directed the committee of creditors (CoC) of Reliance Capital...
Indian Performing Right Society files insolvency petition against Zee Entertainment
Zee Entertainment faces fresh troubles as yet another creditor files an insolvency petition against the media company. In an exchange...
Religare Finvest enters one-time settlement with 16 lenders
Religare Finvest Limited along with its parent company – Religare Enterprises -- has entered into a One-time Settlement Agreement on...
Major IBC related regulatory changes in 2022
The year 2022 saw many important regulatory changes/amendments in the Insolvency and Bankruptcy Code in order to make it more...
GST dept paves way for reduced tax demand on companies undergoing insolvency process
The Central Board of Indirect Taxes and Customs (CBIC) through a circular issue recently has directed the jurisdictional commissioners of...
NCLT approves Swan Energy’s Rs 2,108 crore resolution plan for Reliance Naval and Engineering
The National Company Law Tribunal (NCLT) has approved the resolution plan of Swan Energy and Hazel Mercantile Limited (HML) to...
More private equity funded US companies have filed for bankruptcies in 2022
More private equity (PE) funded companies are filing for bankruptcies in the US in 2022, according to an S&P Global...
Realised value should not be compared with admitted claims to judge CIRP’s success: RBI
The banking regulator -- Reserve Bank of India (RBI) – has said that a comparison of realised value with admitted...