SC questions Jalan-Kalrock consortium over Jet Airways resolution plan
The Supreme Court has questioned the compliance and merits of the successful resolution applicant’s (SRA’s) performance as per the resolution...
SBI
Ex-promoter Sudarshan Das Mundhra successfully bids for Simplex Projects
Former promoter Sudarshan Das Mundhra has been officially declared the successful resolution applicant for Simplex Projects Limited (corporate debtor) with...
Kamachi Industries acquired by Jaicorp for Rs 487 crore
Chennai-based Kamachi Industries Limited, an integrated steel company, has been acquired by Jaicorp’s vice chairman, Virendra Jain along with his...
Financial creditors of Jaiprakash Associates submit claims of Rs 51k cr
The financial creditors of Jaiprakash Associates Ltd (JAL), which is undergoing corporate insolvency resolution process, have submitted claims worth Rs...
Adani Power given backdoor entry to bidding process, claims former promoter of Coastal Energen
Former promoters of Chennai power company Coastal Energen challenge the resolution plan submitted by the consortium of Dickey Alternate Investment...
ED arrests ex-promoter of Bharat Papers in Rs 200 crore loan fraud case
Directorate of Enforcement (ED) has arrested Anil Kumar Aggarwal, director of Bharat Papers Limited on 06 February 2024 under the...
ED conducts raids at Bharat Papers premises across three states
The Enforcement Directorate (ED) has conducted search operations on 31December 2024 at 10 locations spread over Jammu & Kashmir, Punjab...
Ex-promoter offers Rs 5,847 cr to regain control of Coastal Energen
The existing owners of Coastal Energen, Mutiara & Precious Energy Holdings, have offered to pay a total of Rs 5,847...
NCLT allows withdrawal of insolvency petition against Bajaj Hindusthan
The NCLT has allowed the withdrawal of insolvency petition filed by State Bank of India (SBI) against Bajaj Hindusthan Sugar....
Amalgam Steel acquires Topworth Steel and Power for Rs 260 crore
The NCLT has approved the Rs 260-crore resolution plan of Amalgam Steel and Power Limited for bankrupt Topworth Steel and...