Jyoti Structures fate hangs in balance as successful bidder fails to make timely payments
More than four years after the NCLT approved the resolution plan of Jyoti Structures, the company is again facing the...
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2023 proving to be a tough year for airlines as many file for bankruptcy
The year 2023 has come as tough year for the airlines industry across the world. Even as India's low-cost carrier...
Financial creditors of Future Lifestyle Fashions submit Rs 2,155 crore claims
The financial creditors of Future Lifestyle Fashions Ltd have submitted claims of Rs 2,155 crore, out of which Rs 2,117...
Reliance Capital creditors decide ‘equitable’ treatment to lenders; plan payouts in proportion to dues
In a significant move, the Committee of Creditors (CoC) of Reliance Capital has voted to make payment to all the...
NCLAT closes Mcleod Russel insolvency proceedings after settlement with financial creditor
The National Company Law Appellate Tribunal (NCLAT) has closed the Corporate Insolvency Resolution Process (CIRP) against Mcleod Russel India, the...
SARE Gurugram homebuyers have to wait for 6-36 months for their flats
In a big relief to homebuyers of SARE Gurugram, a New Delhi-based real estate company, the principal bench of NCLT...
Small business bankruptcy filings in US under Subchapter V up 81% in April 2023
There was an 81% increase in bankruptcy filings by small businesses, which is captured as subchapter V elections within chapter...
Future Lifestyle Fashion to face insolvency resolution process
Another Future Group company – Future Lifestyle Fashion – is now going to undergo the corporate insolvency process after the...
Fed Reserve raises interest rate by 0.25%, signals end of rate hike cycle
The US central bank – Federal reserve -- has raised interest rates to the highest in 16 years as it...
East India Drums & Barrels Mfg to take over Precision Containeurs
The Mumbai bench of the NCLT has the resolution plan submitted by East India Drums & Barrels Mfg Pvt Ltd...