Auction alert: Rs 37-cr assets of Venus Garments to go under the hammer
The assets of the defunct Venus Garments (India) Limited are set to be sold via an e-auction later this month....
SBI
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...
Visa Steel exits insolvency as NCLT allows withdrawal of CIRP proceedings
In a significant turnaround, Visa Steel Limited has successfully exited the Corporate Insolvency Resolution Process (CIRP) after the National Company...
SBI makes 3.6 times gain as it fetches Rs 8,889 crore by selling 13.18% stake in Yes Bank
The State Bank of India (SBI) officially announced on Wednesday the completion of its divestment of a significant 13.18% stake...
Canara Bank removes fraud tag on Reliance Communications loan account
In a major reversal, and a setback to the State Bank of India’s efforts to recover dues from Reliance Communications...
SBI classifies RCom loan account as fraud; reports Anil Ambani to RBI
State Bank of India (SBI), the country's largest lender, has classified the loan account of the insolvent telecom firm Reliance...
NCLAT upholds penalty against Santoshi Finlease for malicious insolvency petition
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by Santoshi Finlease Private...
IL&FS Group to make interim payment of Rs 5,000 crore to creditors
IL&FS Group companies have initiated an interim distribution of Rs 5,000 crore – including Rs 3,500 crore of Infrastructure Investment...
NARCL may acquire Jaiprakash Associates assets for Rs 12,000 crore
The National Asset Reconstruction Company Ltd (NARCL), a government-backed entity established to address non-performing assets in India's banking sector, has...
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...