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Committee of Creditors cannot withdraw resolution plan nod: Supreme CourtA bench of Justices JB Pardiwala and K Vinod Chandran, while disposing of the appeal filed by Bank of India and other CoC members, includin...- Don’t bank on RBI alone: The investor protection gap in India’s banking systemRBI imposes strict regulations on banks to ensure transparency for depositors and investors. However, listed banks often fail to provide ti...
- Experts hail SC ruling on creditor’s claim in insolvency-linked dispute between two Bengaluru firmsThe Supreme Court has ruled that a creditor whose claim was largely extinguished under an insolvency resolution plan can still use it as a ...
- Byju’s parent to hold 32% in Aakash after settlementThe eventual holding will be higher than the roughly 25.75% TLPL owned before Aakash’s Rs 240-crore rights issue became the subject of liti...
- ED arrests Rakesh Kumar Gupta, chairman of media broadcast company in insolvency-linked caseRakesh Kumar Gupta, chairman of Sadhna Group, was arrested under the Prevention of Money Laundering Act. The Enforcement Directorate claims...
- NCLAT allows oppression, mismanagement plea against office-bearers of film producers' body IMPPANCLAT upheld the NCLT's decision to allow a minority group of IMPPA to pursue legal action. The minority members alleged financial mismanag...
- Mumbai EOW probes Suraksha Realty promoter’s fraud allegations over JIL DealMumbai Police’s Economic Offences Wing is probing allegations by Suraksha Realty director Vijaykumar Mohanlal Parekh against fellow promote...
- NCLAT dismisses Affle 3i's plea against insolvency of Talent Unlimited Online ServicesNCLAT has dismissed an appeal by Affle 3i Ltd concerning insolvency proceedings against Talent Unlimited Online Services Pvt Ltd. The dismi...
- ED chief orders action against IBC frauds, large haircuts to promotersThe ED director has ordered increased action on IBC fraud cases. He also directed steps for police FIR delays in certain states. Investigat...
- Stocks in news: Swiggy, M&M, REC, Adani Power and Bajaj FinservIndian stock markets closed lower on Monday, extending their losing streak for four weeks. Investor sentiment remained subdued due to risin...
- NCLT approves Shree Naman's Rs 1,800 cr bid for Gstaad, Neo HotelsThe bankruptcy court in Mumbai has greenlit Shree Naman Developers' ambitious acquisition valued at ₹1,800 crore for two hotel establishmen...
- NCLAT seeks status report on delayed Supertech housing projects by NBCCThe NCLAT has ordered the Supertech committee to file a status report within two weeks. This report will detail construction commencement a...
- ET Exclusive: 'Personally, I don’t have any assets. That is a stated fact,' says Zee founder Subhash Chandra amid 99.97% haircut rowIn an exclusive interview with ET, Zee founder Subhash Chandra rejects criticism over his personal insolvency settlement, saying the ₹22,00...
- Subhash Chandra's dissenting lenders Canara Bank, Union Bank move NCLAT against NCLT orderDissenting lenders have challenged the NCLT order approving Subhash Chandra's personal insolvency plan. The Essel Group chairman's plan pro...
- Subhash Chandra drops mention of Mukesh Ambani allegations, shifts focus to settling Essel debtSubhash Chandra Rs 22,006 crore case: Zee founder Subhash Chandra has shifted focus from Ambani allegations. He is now addressing outstandi...
- Zee Entertainment shares crash 14% amid Subhash Chandra’s 99.97% loan haircut rowZee Entertainment shares crashed on Monday after the NCLT approved a repayment plan involving founder Subhash Chandra. The plan entails a r...
- Group entities to reconcile, settle dues with lenders: Essel ChairmanSubhash Chandra, the chairman of Essel Group, reassured lenders regarding the reconciliation of outstanding dues from borrowers. He highlig...
- Dissenting creditors alleged family-linked entities cast 61.78 pc votes that cleared Subhash Chandra's insolvency planDissenting lenders have alleged that five entities linked to Subhash Chandra’s family controlled 61.78% of voting rights and helped approve...
- Bankers question role of RP in the Subhash Chandra case and how net worth was computedDissenting banks say unresolved pleas for a forensic audit and asset trailing to be conducted on Subhash Chandra's financials to probe how ...
- HDFC Bank, LIC Housing Finance to contest Zee resolutionHDFC Bank and LIC Housing Finance will challenge the NCLT ruling on the Zee Group debt settlement. The approved plan includes a small payme...
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