Supreme Court upholds Piramal’s resolution plan for DHFL; overrules NCLAT decision
In a landmark judgment, the Supreme Court of India has upheld the resolution plan submitted by Piramal Capital and Housing...
Union Bank of India
Bank of India classifies Rs 616-crore loan to Rolta India Ltd as fraud
Bank of India has classified its Rs. 616.30 crore exposure to debt-ridden Rolta India Ltd as fraud, according to a...
Era Infra gets lifeline as NCLT approves SA Infrastructure’s resolution plan
The National Company Law Tribunal (NCLT) has given a sigh of relief to Era Infra Engineering Limited (Era Infra) by...
ED attaches Rs 70.39 cr assets of Kapil, Dheeraj Wadhawan in DHFL bank fraud case
The Enforcement Directorate (ED) has provisionally attached assets worth Rs. 70.39 crore belonging to Kapil Wadhawan and Dheeraj Wadhawan in...
Lenders to seek extension of Rolta India CIRP period by 60 days
The resolution professional of Rolta India will ask for a 60-day extension of the corporate insolvency resolution process. The Committee...
Rolta India creditors submits claims of over Rs 10,000 crore
The lenders of Rolta India have submitted claims of Rs 10,095 crore as of now. The claims have been submitted...
15 Feb is last date for submission of EoI for RCI Industries and Technologies
The resolution professional of RCI Industries and Technologies Ltd has invited Expression of Interest (EoI) from prospective bidders for the...
Rolta India is back in insolvency court, this time for defaulting on a payment of Rs 1,413 crore
After multiple failed attempts earlier, Rolta India will again face insolvency proceedings after the latest insolvency application filed by Union...
CBI files case against Corporate Power Ltd for defrauding banks of Rs 4,038 crore
The Central Bureau of Investigation (CBI) has registered a case against Kolkata-based Corporate Power Ltd, its promoters/directors and others on...
CBI files case against DHFL, promoters in a Rs 34,615 cr bank fraud
The Central Bureau of Investigation has registered a case against DHFL and its promoters Kapil Wadhawan and Dheeraj Wadhawan for...