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ASHISH PYASI
NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...- Big order, big impact: JSW Steel’s Bhushan Power buyout cancelled by SC over IBC violationsThe Supreme Court has invalidated JSW Steel's resolution plan for Bhushan Power and Steel, citing non-compliance with the Insolvency and Ba...
- NCLT Mumbai's outsourcing staff goes on strike over delay in salaryOver 150 contractual and outsourcing staff at Mumbai’s NCLT went on strike due to non-payment of December 2024 salary. They demand immediat...
- NCLT affirms HDIL rights over Hyderabad propertyThe NCLT protected HDIL's rights over a 73-acre property in Hyderabad amid insolvency proceedings initiated in 2019. The tribunal found tha...
- Bankruptcy court okays SKS Power Generation’s Acquisition by Sarda Energy & MineralsThe division bench of judicial member Kishore Vemulapalli and technical member Anu Jagmohan Singh approved Sarda Energy & Minerals’ resolut...
- NCLT admits personal insolvency plea against Rajkumar Dhoot of VideoconThe NCLT in Mumbai has admitted SBI's application against Rajkumar Dhoot of Videocon Group for a Rs 5,353-crore default by Videocon Industr...
- NCLT sets aside Syska LED Light insolvency process as company, lender settles matterSyska LED Lights is part of the Pune-based SSK Group, an exclusive distributor of Samsung mobiles, accessories and tables for five states i...
- Blade maker Supermax goes into bankruptcyThe operational creditor had approached the tribunal in September last year after Supermax Personal Care defaulted on its dues of ₹1.97 cro...
- Ashish Pyasi of Dhir & Dhir Associates launches dispute resolution firm Aendri LegalAn alumnus of Government Law College, Mumbai (2008), and a member of the Indian Institute of Company Secretaries of India (ICSI), Pyasi sta...
- Future Retail fails to get any revival plan, lenders to meet soonThe last date for the submission of resolution plans for the company was February 20, but the resolution professional did not receive any p...
- Yes Bank's claim against Vijay Group Realty rejectedThe bank had moved the dedicated bankruptcy court against the company's insolvency resolution professional's decision to reject the claim a...
- IndusInd Bank drags Zee Entertainment to NCLT over Rs 89 crore defaultOn Friday, the company informed the stock exchange in a late evening stock exchange filing that the private sector lender has approached th...
- Bombay HC directs laboratories to send RT-PCR reports to patients within 24 hoursThe court was informed by intervenor Mukesh Chandak, a doctor, that several times the ICMR server was slow and this added to the trouble of...
- New MSME framework may pose infrastructure problemsThe framework applies on MSMEs with up to Rs 250 crore yearly turnover and Rs 50 crore investment in plant and machinery.
- NCLT approves Ebix’s revival plan for Trimax IT InfrastructureEbix Software India (ESIPL) will pay upfront Rs 75 crore to acquire the company. The company owed over Rs 1,918 crore to its lenders, inclu...
- Mumbai High Court asks Finance Ministry to enhance DRT infrastructureThe order comes after a plea by IARC, Kotak Mahindra Bank to expedite pending cases at tribunal. The Court found that money from financial ...
- DHFL administrators get Rs 1.2 lakh crore claimsWhen the tribunal admitted the RBI’s plea, DHFL owed over Rs 83,800 crore to banks, the National Housing Board (NHB) , mutual funds and bon...
- Sebi order clears way for proposed Brookfield Deal: Leela promotersSebi on Tuesday asked Hotel Leelaventure to put to vote afresh the asset sale transaction before the shareholders.
- NCLT gives Hotel Leelaventure two months to comply with new Sebi directivesMarkets regulator Sebi had on Tuesday directed Leelaventure to make additional disclosures to its shareholders on its proposed sale to Broo...
- NCLT seeks views on Sterling Biotech promoters’ offerThe tribunal has given two weeks time to the government and various investigation agencies to file their response.
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