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CIRP PROCEEDINGS STATUS
20 years on, 3,000 Agra homebuyers seek UP govt intervention over stalled Ansal townshipOver 3,000 homebuyers of Ansal Properties' Sushant Taj City in Agra are seeking possession of plots booked nearly two decades ago. Despite ...
NCLAT directs withdrawal of the insolvency against Mahagun as parties arrive at settlementThe NCLAT has allowed the withdrawal of insolvency proceedings against realty firm Mahagun after it reached a settlement with financial cre...
Supreme Court issues notice to Centre, others on plea for probe into multi-crore rupees insolvency fraudA bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi took note of the submissions of lawyer Ashwini Upadhyay and issued ...
Homebuyers' maintenance societies, RWAs can't intervene in insolvency process of developer firm: SCThe Supreme Court has ruled that homebuyers' societies and Resident Welfare Associations cannot intervene in the insolvency proceedings of ...
SC refuses stay on embattled edtech startup Byju’s insolvency caseThe Supreme Court has declined to stay the insolvency process of Think & Learn, Byju’s parent firm, despite appeals from BCCI and co-founde...
NCLAT limits insolvency against Raheja to one project only, seeks report for other projectsThe National Company Law Appellate Tribunal (NCLAT) has narrowed down insolvency proceedings against Raheja Developers to just its 'Raheja ...
SC rejects Venugopal Dhoot's appeal to halt foreign asset dealings in Videocon insolvency caseThe Supreme Court has rejected Venugopal Dhoot's appeal to restrain lenders from dealing with foreign oil and gas assets in Videocon Oil Ve...
NCLAT stays insolvency proceedings against Coffee Day Enterprises till next date of hearingThe NCLAT halted insolvency proceedings against Coffee Day Enterprises Ltd, operators of Cafe Coffee Day, pending further hearings. The tri...
ET Explainer: Byju's steps on the insolvency tripwire. What happens next?For more than a year now, the Bengaluru-based edtech company has been in turbulent waters with issues ranging from payment defaults, staff ...
SC rejects Go First RP's appeal against HC order allowing lessors to inspect aircraftSupreme Court rejects Go First Resolution Professional’s appeal against the Delhi High Court order that allowed the crisis-hit airline's le...
NCLT dismisses plea seeking insolvency proceedings against Religare EnterprisesLigare Aviation has approached NCLT against Religare Enterprises, which is a corporate guarantor of the principal borrower Auriga Marketing...
Review audit of Videocon hints at questionable accounting entries by promotersFor the financial year that ended March 31, 2022, the company has reported a total standalone income from operation at Rs 755.72 crore and ...
NCLAT upheld Adani Power bid for Korba West Power; asks Shapoorji Pallonji & Co to pursue arbitration for claimsThe appellate tribunal was deciding over a petition filed by Shapoorji Pallonji & Co, against an order passed by the Ahmedabad Bench of the...
Hinduja Group ups its bid to Rs 9,500 crore to acquire debt-ridden Reliance CapitalMail sent to Hinduja Group did not elicit response till filing of the story. Earlier this week, the Ahmedabad-based Torrent group emerged t...
Sebi proposes framework to protect public shareholders' interest in cos undergoing insolvency resolution processUnder the proposed framework, the existing public equity shareholders of the corporate debtor should be provided an opportunity to acquire ...
Lenders review resolution process of Reliance CapitalThe 18th meeting of the CoC of the company was duly convened and conducted on Thursday in Mumbai, Reliance Capital said in a regulatory fil...
NCLAT limits Supertech’s insolvency to one projectThe proceedings against realty developer Supertech was initiated for default on payment of Rs 431 crore to a consortium of banks. The order...
Realty Check: Just 4% IBC cases resolvedThe poor resolution rate further delays reprieve for thousands of homebuyers left in the lurch by builders.
Ongoing bankruptcy cases to remain unaffected despite rulingIt is unlikely to have major impact on cases which are ongoing in the normal course.
NCLT rejects Exim Bank’s claim of Rs 625 crore on JEKPLThe bank had invoked its claim on March 30, almost two weeks after corporate insolvency resolution process (CIRP) was initiated against the...