NCLT approves Fincare Enterprises Rs 7.43-cr plan for Central Departmental Stores
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved a Rs 7.43 crore resolution plan submitted by...
Central Bank of India
Central Bank of India classifies Reliance Communications Rs 368-cr loan account as fraud
In a significant development, Reliance Communications Limited (RCom) has informed the stock exchanges that the Central Bank of India has...
NCLAT upholds Rs 390-crore resolution plan for Neptune Developers
The National Company Law Appellate Tribunal (NCLAT), Principal Bench in New Delhi, has dismissed two appeals filed by the Central...
18 ARCs in race for stressed loans of Sahara Hospitality: Report
As many as 18 asset reconstruction companies (ARCs) have submitted expressions of interest (EoIs) to acquire the ₹1,728.58 crore stressed...
Shree Naman Developers buys out insolvent Neptune Developers for Rs 391 crore
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved the Rs 391 crore resolution plan for Neptune Developers Limited,...
NCLT orders liquidation of low-cost airline Go First
The National Company Law Tribunal (NCLT) has ordered the liquidation of the grounded low-cost airline, Go First. The decision was...
ED files prosecution complaint against ex-promoters of Parabolic Drugs
Directorate of Enforcement (ED) has filed prosecution complaint (PC) under the Prevention of Money Laundering Act (PMLA), 2002 on 26...
NCLT approves Marvel Media-led consortium’s Rs 55-crore resolution plan for SAB TV Network
The NCLT has approved the plan submitted by the consortium of SAB Events & Governance Now Media Ltd, Marvel Media...
NCLT rejects insolvency plea against Simplex Infrastructure citing pending arbitration awards of Rs 554
The Kolkata bench of NCLT has given a big reprieve to EPC and construction company Simplex Infrastructure, when the tribunal...
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...