From $22 billion to zero: Success, not failure, brought Byju downByju's, once a $22 billion edtech giant, has collapsed. Founder Byju Raveendran faces jail for contempt. The company's downfall stems from ...
27 May, 2026, 02.40 PM IST
NCLT admits insolvency plea against Prime Focus over Rs 353.79 crore claim, company challenges order in NCLATThe National Company Law Tribunal has admitted an insolvency petition against Prime Focus Ltd. Reliance Alpha Services Pvt Ltd filed the pe...
08 May, 2026, 12.51 PM IST
SC restores SBI-led lenders' rights in Reliance InfratelThe Supreme Court has reinstated the SBI-led consortium as financial creditors of Reliance Infratel. The consortium is owed ₹3,628 crore. T...
29 Apr, 2026, 12.40 AM IST
NCLAT reserves order in Jaypee insolvency case; Vedanta alleges flawed evaluation, Adani defends bidding processThe National Company Law Appellate Tribunal has reserved its judgment in the Jaypee insolvency case. Vedanta Group argued the resolution pr...
22 Apr, 2026, 02.50 PM IST
Once an institution of warmth and wit, parties are now an embodiment of symbol over experienceA recent party at Gwalior's Jai Vilas Palace offered a glimpse of genuine connection, a stark contrast to years of superficial gatherings. ...
17 Apr, 2026, 11.14 PM IST
India plans special NCLT bench for cross-border insolvency cases to speed up resolutionsIndia plans to set up a special NCLT bench with trained members to handle cross-border insolvency cases once new rules under the Insolvency...
16 Apr, 2026, 12.54 AM IST
Vijay Mallya discontinues bankruptcy annulment application in UKVijay Mallya has stopped his attempt to cancel a UK bankruptcy order. This allows the Trustee in Bankruptcy to continue seeking assets. The...
13 Oct, 2025, 09.06 PM IST
Byju’s bankruptcy ruling in US catches Indian official off guardThe decision, made at a Tuesday hearing in Delaware, will lead to involuntary Chapter 11 bankruptcy of units including Neuron Fuel Inc., Ep...
14 Sep, 2024, 10.49 AM IST
Vijay Mallya bankruptcy case: Indian Banks can now freeze his assets post UK court verdictThe 65-year-old businessman, wanted in India on fraud and money laundering charges, remains on bail in the UK while a "confidential" legal ...
27 Jul, 2021, 09.56 AM IST
Vijay Mallya given some access to UK court-held funds to meet legal, living expensesDeputy Insolvency and Companies Court Judge Nigel Barnett presided over a remote hearing to rule over the level of access to the funds held...
09 Feb, 2021, 09.39 AM IST
Court sends notice to Chinese banks on Anil Ambani’s pleaThe trio of Chinese lenders won a ruling in a London court in May after pursuing Ambani for more than $700 million in a dispute over defaul...
13 Oct, 2020, 09.36 AM IST
Indian banks pursue Mallya bankruptcy order in UK courtIn a hearing in the insolvency division of the High Court in London on Tuesday, Justice Michael Briggs heard arguments from the banks, repr...
08 Jul, 2020, 05.03 PM IST
Vijay Mallya gets bankruptcy reprieve from UK High CourtJustice Michael Briggs of the insolvency division of the High Court granted relief to Mallya, ruling that he should be given time till his ...
10 Apr, 2020, 11.02 AM IST
Indian banks argue for Vijay Mallya bankruptcy, UK court reserves judgmentA group of Indian public sector banks sought a bankruptcy order against embattled liquor tycoon Vijay Mallya during a High Court hearing in...
11 Dec, 2019, 10.45 PM IST
Indian banks back in UK court over Vijay Mallya's non-payment of debtBesides SBI, the 13 Indian banks include Bank of Baroda, Corporation bank, Federal Bank Ltd, IDBI Bank, Indian Overseas Bank, Jammu & Kashm...
11 Dec, 2019, 08.37 AM IST
SBI set to drag Mallya to UK bankruptcy courtThe action against Mallya, wanted in India for the recovery of loans taken by his companies, can be started in a bankruptcy court in the UK...
29 May, 2018, 07.04 PM IST
Bhushan Steel takeover to have positive impact on other stressed assets: S&PUnder the Bankruptcy Law, Indian banks have forced a number of defaulted steel mills to bankruptcy court.
16 May, 2018, 09.41 PM IST