In December 2025, Mallya had questioned the Central government and public sector banks over what he described as inconsistent statements on...

A parliamentary committee suggests penalizing banks for mule accounts and KYC lapses. It also highlighted delays in merchant discount rates...

The National Company Law Tribunal (NCLT) has ruled that a moratorium under the IBC doesn't prevent banks from classifying accounts as fraud...

The Enforcement Directorate (ED) returned ₹4,025 crore to JSW, the successful bidder for Bhushan Power and Steel Ltd's assets under the Ins...

Taking up an appeal filed in the matter of Ashok Kumar Sarawgi versus the ED, the apex court issued notices on November 11 to all parties a...

NCLT also imposed a fine of Rs 1 crore on Wave Megacity for attempting to play fraud on thousands of homebuyers by filing a petition under ...

Even though Kanoria had moved the court challenging the report, he has appealed to Reserve Bank of India (RBI) governor Shaktikanta Das to ...

Under the Insolvency and Bankruptcy Code (IBC) framework, only the RBI can refer a finance company for insolvency proceedings. Lenders are ...

A central bank panel has suggested an overhaul of the rules governing Asset Reconstruction Companies (ARC) to enhance the availability of b...

Many of the family trusts created by businesspeople are meant primarily to protect their assets from potential claims related to their comp...

"I think it’s very clear that both small and large companies are equally impacted today. So we are seeing extreme cases where very large co...

Kumar pointed out that there is a distinction between secured and operational creditors, and that the former have a greater right on an ass...

The ministry of corporate affairs, which is responsible for implementation of IBC, is expected to initiate action against the promoters, di...

Over a dozen cos undergoing bankruptcy process are being reviewed by probe agencies for frauds

Sources present at the meeting of the Parliamentary Standing Committee on Finance said the RBI Governor expressed confidence of tiding over...

Earlier, bankers appearing before a different parliamentary panel had said the 180-day resolution plan for NPAs under the Insolvency and Ba...

"The company has come to a position where it is unable to meet its liabilities," said Ricoh India in a statement explaining the decision.