NCLT admits Fortune Spirit into insolvency on IDBI Bank’s plea
The National Company Law Tribunal (NCLT), Cuttack Bench, has admitted liquor manufacturer Fortune Spirit Limited into the Corporate Insolvency Resolution...
IDBI Bank
Natural gas-based plant of Konaseema Gas Power to be auctioned on 20 June; reserve price fixed at Rs 227.61 crore
The 445 MW natural gas-based power plant of Konaseema Gas Power Limited (KGPL) is set to be auctioned on June...
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...
NCLT gives nod to initiation of insolvency proceedings against GVK Energy
The National Company Law Tribunal (NCLT), Hyderabad Bench, on Wednesday initiated insolvency proceedings against GVK Energy Limited, a corporate guarantor...
Insolvent art auction house Osian’s sold off for Rs 31 crore
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved a resolution plan for Osian’s Connoisseurs of Art Pvt Ltd, a...
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...
MEP Infrastructure Developers to undergo insolvency resolution process
Mumbai-based MEP Infrastructure Developers Ltd will undergo corporate insolvency resolution process after the Mumbai bench of the NCLT admitted the...
NCLT approves Ramkrishna Forgings Rs 129-cr resolution plan for ACIL Limited
The National Company Law Tribunal, New Delhi, has approved the Rs 129 crore resolution plan submitted by Ramkrishna Forgings Limited...
NCLT approves Rs 42.11 cr resolution plan for Innovative Tyres and Tubes
The NCLT has approved the Rs 42.11 crore resolution plan of Ten On Ten Rubtech Private Limited for Innovative Tyres...
Reliance Naval and Engineering to cancel shares of existing shareholders
The Monitoring Committee overseeing the implementation of Swan Energy’s resolution plan for Reliance Naval and Engineering Ltd has proposed to...