MBL Infrastructure subsidiary exits insolvency with approved resolution plan
MBL Infrastructure Ltd (MBL) today announced a significant development in the Corporate Insolvency Resolution Process (CIRP) of its wholly-owned subsidiary,...
PNB
Flats linked to Gitanjali Gems promoters set for auction in October
In a move to recover funds for creditors, the liquidator of the scam-tainted Gitanjali Gems Limited has put up for...
SC quashes Bhushan Power and Steel resolution; orders liquidation
In a decisive verdict that underscores the sanctity of India’s insolvency framework, the Supreme Court on Friday quashed JSW Steel’s...
ED attaches Rs 486 crore property in Bhushan Power and Steel bank fraud case
The Directorate of Enforcement (ED), Delhi Zonal Office, has provisionally attached an immovable property valued at approximately ₹486 crore in...
Rs 2,566-crore properties of Mehul Choksi up for sale
An order by a PMLA court in Mumbai has paved the way for auctioning of Rs 2,566-crore worth of properties...
ED attaches Rs 30 crore assets in Nirav Modi bank fraud case
Directorate of Enforcement (ED) has provisionally attached proceeds of crime in the form of immovable properties and bank balances amounting...
Simbhaoli Sugar to face insolvency proceedings after defaulting on Rs 130 cr loan
The Allahabad Bench of the National Company Law Tribunal (NCLT) has given go ahead to initiate corporate insolvency resolution process...
ED raids Ex-MD of Bhushan steel in Rs 56,000 loan fraud case
The Enforcement Directorate (ED) conducted search and survey operations on 13 October 2023 at 30 locations in Delhi NCR, Haryana,...
SBI to withdraw insolvency plea against Bajaj Hindusthan Sugar
State Bank of India has made a submission in NCLT regarding withdrawal of its application for initiating corporate insolvency resolution...
NCLT approves resolution plan submitted by Kirloskar Ferrous Industries for Oliver Engineering
Kirloskar Ferrous Industries Limited (KFIL), one of the leading castings and pig iron manufacturers in India, has won the bid for...