Sathavahana Ispat merges with Jindal Saw after latter pays full resolution amount
Successful resolution applicant Jindal Saw Limited has released the entire amount of Rs 694 crore for Hyderabad-based Sathavahana Ispat, the...
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Hindujas emerge highest bidder with Rs 9,650 crore bid for Reliance Capital
Reliance Capital corporate Insolvency Process has come closer to completion with Hinduja Group firm IIHL emerging as the highest bidder...
Ahead of auction, bidders of Reliance Capital express multiple reservations
Ahead of the much awaited second round of auction of Reliance Capital, scheduled now for 26 April after being postponed...
NCLT gives 3 more months to complete Reliance Capital insolvency process
The Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline for completing the resolution process of...
Success of IBC should be judged on number of resolutions not on amount recovered: IBBI Chairman
The success of Insolvency and Bankruptcy Code (IBC) should be evaluated based on the number of resolutions rather than the...
Second round of auction for Reliance Capital deferred till 26 April
The second round of auctions for Reliance Capital has now been deferred to 26 April after the committee of creditors...
IBC Act (Part II) Chapter 2: Corporate Insolvency Resolution Process
Section 6: Persons who may initiate corporate insolvency resolution process: Where any corporate debtor commits a default, a financial creditor,...
Parmjit Gandhi completes acquisition of Educomp subsidiary
The acquisition of Educomp Infrastructure & School Management Limited, a subsidiary of Educomp Solutions, has been completed by successful resolution...
Reliance Capital CIRP likely to get delayed further; auction may get deferred by a week
The lenders of Reliance Capital are considering an extension of deadline for completion of resolution process till 30 May 2023....
Virgin Orbit files for chapter 11 bankruptcy in US
Maverik British billionaire Richard Branson's satellite launch company Virgin Orbit has filed for bankruptcy in the US after it failed...