Cosmea-Piramal consortium pulls out from bidding process for Reliance Capital
The Reliance Capital insolvency resolution process hits another roadblock with the exit of the Cosmea-Piramal consortium from the e-auction scheduled...
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PSBs made Rs 4.24 lakh crore recovery in last four years
The public sector banks (PSBs) have effected record recovery of Rs 4.24 lakh in the last four years and first...
NCLT approves Pristine Malwa Logistics Rs 480 crore bid for Sical Logistics
The Chennai bench of the National Company Law Tribunal (NCLT) has approved the resolution plan of Pristine Malwa Logistics Park...
Mumbai real estate firm Hubtown faces insolvency proceedings
Mumbai-based real estate company Hubtown has been dragged into insolvency court by International Asset Reconstruction Company Private Limited for apparently...
Public sector banks recovered Rs 1.03 lakh crore written-off loans in last five years
Public sector banks have recovered Rs 1,03,045 crore of written-off loans in the past five years, the government informed the...
Reliance Capital base price for e-auction hiked to Rs 6,500 crore
The insolvency resolution process of Reliance Capital is heading towards another stalemate after the Committee of Creditors (CoC) in its...
Reliance Capital base price for e-auction fixed at Rs 5,300 crore
The e-auction for Reliance Capital will be an ascending auction process, with the base bid price will be Rs 5300...
UK company insolvencies up 38% in Oct’22; compulsory liquidation more than 4 times last year
The number of registered company insolvencies in the UK rose 38% year-on-year to 1,948 in October 2022. In the same...
Insolvency regulator revokes a dozen circulars
The Insolvency and Bankruptcy Board conducted an exercise of review of regulations, circulars based on experience gained. It is observed...
Bankruptcy proceedings against personal guarantor can be initiated irrespective of country of residence
The National Company Law Appellate Tribunal (NCLAT) has in a recent order said that a personal guarantor, whether he resides...