The admission of the application by the National Company Law Tribunal (NCLT) ensures moratorium on transactions of personal assets of the g...

Two special-purpose vehicles floated by promoter Mayur Suchak's Renaissance Group are undergoing insolvency.

The debenture trustee document along with inter-creditor agreement provides that it is only the debenture trustee—Vistra ITCL (India)— whic...

The lender had moved the bankruptcy court after the company defaulted on its dues worth nearly Rs 444 crore. The tribunal’s Mumbai bench ha...

Flourishing Trade and Investments Ltd. encumbered 0.56% more shares of Adani Ports & Special Economic Zone Ltd. to Catalyst Trusteeship Ltd...

Debenture holders have moved the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against GVK Power and Infrastructu...

Following weeks of conflict amongst the Michigan State University’s board over president Samuel Stanley's management of investigations at t...

Dish TV promoters maintain that they were neither borrowers nor guarantors for any loans of YES Bank. Senior counsels Darius Khambata and J...

On Friday, June 17, Justice AK Menon of the Bombay high court, had rejected the petition stating that there was no case made out for “ad-in...

They have sought initiation of insolvency proceedings against Future Corporate Resources through an application made by their debenture tru...

While a debt restructuring, according to RBI, must apply to all financial creditors, RBI directives are not binding on entities like mutual...

Move comes a day after Bombay HC told DHFL to pay banks, NBFCS with securitisation deals

Counsel for DHFL challenged the maintainability of the petition, arguing that the trustees of the bondholders had already moved an applicat...

Lenders have sought legal opinion over the cases from Cyril Amarchand Mangaldas.

Some large investors/lenders believe such legal action is likely to yield little to bond holders especially when bankers are busy finalisin...

“Catalyst Trusteeship (CTL) has initiated the process of filing of application with Debt Recovery Tribunal, Mumbai in respect of all three ...

It said the company and other lenders are engaging with trustees of bond holders to restructure the loans.