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NCLT LIQUIDATION RECOVERY
ED raids multiple locations in Kolkata in Rs 290 crore bank loan fraud case against Kohinoor PowerThe Enforcement Directorate conducted searches across multiple Kolkata locations on Thursday. This action is part of a money laundering inv...- How and why Zee founder Subhash Chandra's Rs 22,006 crore debt was chopped to just Rs 6.5 croreThe NCLT approved Subhash Chandra's insolvency plan, allowing a settlement of Rs 22,006 crore claims for Rs 6.25 crore. Dissenting lenders ...
- NCLT Subhash Chandra Case: Rs 22,000 crore is not bank loan write-off, sources on orderThe National Company Law Tribunal approved a repayment plan for Essel Group founder Subhash Chandra. This plan does not signify banks writi...
- ET Prime Special Series: Multibagger or IBC - Part 73: The customer pays slowly. The machines depreciate slowly tooThe title of this series sounds binary. The businesses rarely are. Between a multibagger and bankruptcy lies a large middle ground where co...
- Accounting fraud: Every time, the same queue. The company, the auditor, and shareholders at the endBy the time a “going-concern” paragraph appears in an audit report, the trouble is usually several quarters old. The earlier signals are el...
- NCLAT upholds full PF, gratuity payments for Jet Airways employeesIn a landmark decision, the NCLAT has ruled that former Jet Airways employees are entitled to their full provident fund and gratuity dues, ...
- Insolvency recoveries nearly halve in FY26 due to rising delays: ReportRecoveries under India's Insolvency and Bankruptcy Code (IBC) saw a sharp decline in FY 2025-26. Admitted claims yielded only 23 percent, a...
- NCLT's valuation flags cloud IL&FS HQ saleIn a recent order, the National Company Law Tribunal (NCLT) rejected the proposed sale of two IL&FS-owned commercial properties -Mafatlal C...
- IVRCL's liquidation process takes a hit after bidder defaults on ₹1,200 crore paymentThe six-year liquidation of IVRCL Ltd has stalled. P Prasad Reddy, the successful bidder, failed to pay Rs 1,200 crore. Lenders have replac...
- NCLAT rejects Reliance Realty plea, says liquidation to be completed in shortest possible timeThe National Company Law Appellate Tribunal has dismissed Reliance Realty's appeal. The tribunal upheld an earlier order allowing the liqui...
- NCLT extends Punj Lloyd's liquidation by 6 monthsThe insolvency tribunal NCLT has granted Punj Lloyd an extension for its liquidation process. The deadline is now March 12, 2026. This deci...
- Corporate insolvency cases fall 28% to 724 in FY2025; recoveries still low: ICRAUnder the IBC, introduced in 2015, authorities try to streamline the process of resolving financial distress and insolvency of companies an...
- Lenders, JSW Steel differ over Bhushan Power funds recoveryBanks seek compensation for losses at Bhushan Power and Steel under Sanjay Singhal. They claim rights to recoveries from wrongful transacti...
- “SBI is expected to be more diligent”: Bank faces NCLT rap over bad loan recovery caseThe public sector bank had approached NCLT claiming it had misplaced papers pertaining to the account of a borrower, Tybros India Tours, an...
- NCLT allows liquidator of EPC Construction to initiate arbitration against Indian OilThe liquidator moved the Mumbai bench of the National Company Law Tribunal (NCLT) to seek its approval before initiating the arbitration pr...
- Haldia Petro to acquire Coastal Oil & Gas Infra under bankruptcy routeHaldia's Rs 37.50 crore offer for Coastal is just Rs 1 crore above liquidation value which once again raised questions over confidentiality...
- Companies under liquidation can be sold as a ‘going concern’, rules NCLATA company can run usual operations or as a “going concern” even if it is in the process of being wound up in an administered sale, said a r...
- IDBI Bank settles loan with Aircel founder C SivasankaranAccording to banking sources, IDBI Bank has already written to the CBI, which has confirmed that commercial dealings will not affect the cr...
- Only 15% of the cases resolved under bankruptcy laws: ReportOf the 2,542 cases admitted under IBC till date, 1,497 CIRPs or 59% of cases are still in court.
- Bankruptcy Code: Huge pile-up is the real challengeThe country’s debt recovery rates trail even the South Asia average (36.2 cents) and, obviously, the OECD average, says the World Bank.
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