Rs 4,101-cr Adani Power bid for Lanco Amarkantak Power gets NCLT nod
In yet another successful bid through the Insolvency and Bankruptcy Code (IBC), Adani group firm -- Adani Power Ltd –...
Axis Bank
EoI invited from prospective bidders for Morarjee Textiles
The resolution professional of Morarjee Textiles Ltd, an Ashok Piramal Group company, has invited expression of interest from prospective bidders...
CCI approves PSPCL purchase of GVK Power (Goindwal Sahib) Limited
The Competition Commission of India (CCI) has approved the proposed acquisition of 100% shareholding of GVK Power (Goindwal Sahib) Limited...
Rs 1,814-crore resolution plan for Lavasa Corporation gets NCLT approval
The Mumbai bench of NCLT has approved the Rs 1,814-crore resolution plan submitted by Darwin Platform Infrastructure (DPIL) for Lavasa...
Axis Bank vs Vidarbha Industries: A cursory look at SC judgment
In the case of Axis Bank Ltd. v. Vidarbha Industries Power Limited, the Supreme Court of India held that the...
GoFirst Airlines owes Rs 6,521 crore to banks
GoFirst Airlines owes Rs 6,521 crore to its financial creditors, according to insolvency filings made by the airline in the...
Intent of corporate debtor irrelevant in establishing existence of preferential transaction: NCLAT
Can money arranged from relative by a corporate debtor be held as preferential transaction? The National Company Law Appellate Tribunal...
Details of approved resolution plan for Jaypee Infratech
The corporate insolvency resolution process of Jaypee Infratech saw its closure (six years after the process started in August 2017)...
SC puts in abeyance CIRP of Vidarbha Industries Power on ground of existence of arbitral award
The Supreme Court ordered keeping in abeyance the Corporate Insolvency Resolution Process (CIRP) against Vidarbha Industries Power Limited on the...
Having security interest over corporate debtor’s asset alone does not qualify one as financial creditor: SC
The Supreme Court of India has once again reiterated that a person having only security interest over the assets of...