NCLT orders liquidation of Tulip Hotels in absence of a resolution plan
The National Company Law Tribunal (NCLT), Mumbai Bench, has ordered the liquidation of Tulip Hotels Pvt. Ltd., marking the latest...
Yes Bank
NCLT approves Rs 301 crore resolution plan for Kolkata-based Sarga Hotel
The NCLT has approved Rs 301-crore resolution plan submitted by Shri Ram Multicom Private Limited for Sarga Hotel. Kolkata-based Sarga...
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...
Zee Group settles Rs 6,500 crore Yes Bank debt; bank takes 75% haircut
Zee Group and Yes Bank have reached a one-time settlement (OTS) for the outstanding debt of ₹6,500 crore, according to...
Tulip Hotels in insolvency for failing to pay Rs 900 cr to Yes Bank
Ajit Kerkar-owned Tulip Hotels Pvt Ltd (corporate debtor) will undergo corporate insolvency resolution process (CIRP) after the Mumbai-bench of the...
Timeline for CIRP of Asian Hotels (West) extended by 90 days
The timeline for completion of the Corporate Insolvency Resolution Process (CIRP) of Asian Hotels (West) has been extended till 13...
NCLT admits insolvency plea against Zee Learn
The Mumbai bench of the National Company Law Tribunal has admitted the insolvency petition against Zee Learn, a school education...
Yes Bank to conduct Swiss Challenge auctions for Rs 48,000 crore stressed assets
Yes Bank proposes to run a transparent bidding process on Swiss Challenge basis for sale of the identified stressed assets...
Committee of Creditor of Reliance Capital holds its first meeting
The first meeting of the Committee of Creditors of Reliance Capital was duly convened and conducted on Wednesday, January 5,...