S Kumar Nationwide owes around Rs 7,970 crore to its financial creditors.

While Videocon Telecommunications owes around Rs 24,000 crore to lenders, 12 other group entities under Videocon Industries owe Rs 59,000 c...

"We want to file an application seeking a claim of Rs 390 crore which the resolution professional had rejected," the counsel told the tribu...

State Bank has initiated insolvency resolution proceeding against Ushdev, a company which was part of the second list released by the Reser...

Lenders of EPC Construction India have approved revival plans of Royale Partners Investment Fund with 73% voting.

The National Company Law Tribunal (NCLT) admitted an insolvency petition filed by Bank of India against the company for defaulting on Rs 22...

RoC had reported that Carnival Films had granted loans to its directors without passing any special resolution during FY2015.

The Videocon group is among 40 large defaulters identified by the Reserve Bank first for insolvency proceedings.

The extension was requested by resolution professional Deloitte, who is overseeing the debt resolution process of Aircel.

SBI had filed multiple pleas in different courts to initiate recovery proceedings against 14 other companies linked to the parent company.

Punjab National Bank and Central Bank of India were the two lenders.

Bankers, too, did not agree with NCLT’s interpretation. “NCLT may have ruled the way it did, but banks would not allow any backdoor entry b...

One of the operational creditors, which filed to be party to the case to protect its dues of almost Rs 1,000 crore, has been allowed to lod...

With numbers stacked up against the quick disposal of cases, the very purpose for which it was created, is the NCLT model set to fail?

About 30,000 of these cases are expected to come before the NCLT in the next few months, a senior government official familiar with the mat...

With a sharp rise in cases handled, 4 judges & 2 benches may be added.

A bankruptcy court set a precedent by ruling that a promoter cannot escape liquidation of personal assets by simply filing for bankruptcy o...