How IBC helped PSU banks cut down on bad loans in FY26
India's major public sector banks (PSBs) have doubled down on the Insolvency and Bankruptcy Code (IBC) and the National Company...
state bank of india
SC rules no personal hearing required before banks classify loan accounts as fraud
The Supreme Court of India has held that banks are not required to grant borrowers a personal hearing before classifying...
Vijay Mallya withdraws application for annulment of UK bankruptcy order
Vijay Mallya, wanted in India on fraud and money laundering charges, has withdrawn his application to annul a UK bankruptcy...
SU Toll Road of Reliance Infrastructure to undergo insolvency proceedings
In a significant move that highlights the ongoing challenges in India's infrastructure sector, the National Company Law Tribunal (NCLT) in...
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...
Base Corporation up for sale ‘again’ at reserve price of Rs 67.57 crore
After many failed attempts in the past, Base Corporation Limited (in Liquidation), a company previously involved in the manufacturing of...
Karuturi Ceramics up for sale on 7th July; reserve price fixed at Rs 21.15 crore
Maharashtra-based Karuturi Ceramics Private Ltd will be put up for auction on 7th July as a going concern. Reserved price...
NCLT approves Rs 1,600 crore Deccan Value Investors bid for Metalyst Forgings
The Mumbai bench of the NCLT has approved the Rs 1,600 crore resolution plan submitted by submitted by a consortium...
Jet Airways insolvency: SC asks JKC to deposit Rs 150 crore by 31 January
The Supreme Court on 18 January 2024 directed Jalan-Kalrock Consortium (JKC) to deposit Rs 150 crore by 31 January in...
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,...