Venus Garments liquidator cuts reserve prices by up to 29%, puts ₹28-crore Ludhiana assets on the block again
The liquidator of Ludhiana-based knitwear maker Venus Garments (India) Limited has invited bids for the company's land parcels and other...
SBI
NCLT clears ex-director’s Rs 18.23-crore bid for Raninga Paper Mills, but ring-fences Rs 20-crore-plus ‘NIL-value’ assets for SBI
The National Company Law Tribunal's Ahmedabad bench has approved a Rs 18.23-crore resolution plan by Chandresh Lalitbhai Soni, a suspended...
Vrundavan Ceramic Morbi plant and receivables book go under the hammer in twin-parcel auction
The liquidator of Vrundavan Ceramic Private Limited has put the company's Morbi-district manufacturing property and, separately, its entire book of...
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....
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...