NCLAT allows banks to pursue action against former IL&FS directors not on current board
The National Company Law Appellate Tribunal (NCLAT) has allowed Canara Bank and Indian Bank to proceed with actions to classify...
Canara Bank
Authum Investment & Infrastructure emerges successful bidder for Vas Infrastructure
Authum Investment & Infrastructure Ltd. (BSE: 539177, NSE: AIIL) has been declared the Successful Resolution Applicant (SRA) for Vas Infrastructure...
Raipur-based consultancy bags govt-owned SAIL-SCL Kerala for Rs 30 crore
Raipur-based consultancy firm Chhattisgarh Outsourcing Services Pvt Ltd has won the bid for government owned SAIL-SCL Kerala Ltd. The Kochi...
IL&FS Group pays off Rs 35,650 crore debt; initiates dividend pay out of Rs 810 crore
IL&FS Group has discharged an aggregate debt of around Rs 35,650 crore by way of monetization of assets, auto debits...
Naresh Goyal booked Rs 1,000 crore personal expenses in Co. name: ED
The Enforcement Directorate, which arrested ex-Chairman of Jet Airways Naresh Goyal on 1 September 2023, has said that Goyal and...
NCLT admits application for pre-packaged insolvency process of Sudal Industries
The NCLT has admitted the application of Sudal Industries, a registered MSME engaged in the business of manufacture of Aluminium...
Govt-owned SAIL-SCL Kerala to face insolvency proceedings
SAIL-SCL Kerala, a 50-50 joint venture between Central government-owned Steel Authority of India Ltd (SAIL) and the government of Kerala,...
NCLAT dismisses insolvency regulator’s plea in GTL Infrastructure CIRP case
The National Company Law Appellate Tribunal (NCLAT) dismisses a plea filed by the insolvency regulator -- Insolvency and Bankruptcy Board...
Gayatri Projects creditors submits claims of Rs 7,947 crore
Creditors of Gayatri Projects have submitted claims of Rs 7,947 crore as the corporate insolvency resolution process gets underway. The...
Economic Survey explains the need for bad bank
Many experts have wondered what was the need for the government-backed asset reconstruction company – National Asset Reconstruction Company Ltd...