The title of this series sounds binary. The businesses rarely are. Between a multibagger and bankruptcy lies a large middle ground where co...

By the time a “going-concern” paragraph appears in an audit report, the trouble is usually several quarters old. The earlier signals are el...

In a landmark decision, the NCLAT has ruled that former Jet Airways employees are entitled to their full provident fund and gratuity dues, ...

Recoveries under India's Insolvency and Bankruptcy Code (IBC) saw a sharp decline in FY 2025-26. Admitted claims yielded only 23 percent, a...

In a recent order, the National Company Law Tribunal (NCLT) rejected the proposed sale of two IL&FS-owned commercial properties -Mafatlal C...

The six-year liquidation of IVRCL Ltd has stalled. P Prasad Reddy, the successful bidder, failed to pay Rs 1,200 crore. Lenders have replac...

The National Company Law Appellate Tribunal has dismissed Reliance Realty's appeal. The tribunal upheld an earlier order allowing the liqui...

The insolvency tribunal NCLT has granted Punj Lloyd an extension for its liquidation process. The deadline is now March 12, 2026. This deci...

Under the IBC, introduced in 2015, authorities try to streamline the process of resolving financial distress and insolvency of companies an...

Banks seek compensation for losses at Bhushan Power and Steel under Sanjay Singhal. They claim rights to recoveries from wrongful transacti...

The public sector bank had approached NCLT claiming it had misplaced papers pertaining to the account of a borrower, Tybros India Tours, an...

The liquidator moved the Mumbai bench of the National Company Law Tribunal (NCLT) to seek its approval before initiating the arbitration pr...

Haldia's Rs 37.50 crore offer for Coastal is just Rs 1 crore above liquidation value which once again raised questions over confidentiality...

A 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...

According to banking sources, IDBI Bank has already written to the CBI, which has confirmed that commercial dealings will not affect the cr...

Of the 2,542 cases admitted under IBC till date, 1,497 CIRPs or 59% of cases are still in court.

The country’s debt recovery rates trail even the South Asia average (36.2 cents) and, obviously, the OECD average, says the World Bank.