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NCLT rejects Reliance Infra subsidiary's resolution planThe Mumbai bench of the NCLT rejected the resolution plan for SU Toll Road Pvt Ltd due to financial concerns. These concerns were primarily...- NCLT approves Ashdan Properties' resolution plan for Sunblink Real EstateThe National Company Law Tribunal approved Ashdan Properties' resolution plan for Sunblink Real Estate, which involved significant creditor...
- NCLT declares Videocon promoter Venugopal Dhoot bankrupt on SBI plea; appoints bankruptcy trusteeThe National Company Law Tribunal (NCLT), Mumbai Bench, has declared former Videocon Industries promoter and director Venugopal Nandlal Dho...
- Stocks in news: BSE, Lenskart, Nykaa, Bharti Airtel, LIC, Aurobindo Pharma and NalcoIndian equity markets have enjoyed a remarkable stretch, registering gains for five consecutive sessions. The Nifty 50 index showed impress...
- Lenders accept Supreme Housing's Rs 522-crore settlement offerCanara Bank along with other lenders accepted a ₹522-crore one time settlement offer from Supreme Housing and Hospitality. This settlement ...
- NCLAT sets aside insolvency proceedings against Polycab over Rs 2.78 crore duesNCLAT overturned the insolvency proceedings against Polycab India Limited, which originated from a claim by Asier Metals. The tribunal foun...
- Christine Lagarde: The outsider who led the European Central Bank her wayChristine Lagarde's early departure as European Central Bank president marks the end of a seven-year tenure shaped by the Covid-19 pandemic...
- Committee of Creditors cannot withdraw resolution plan nod: Supreme CourtA bench of Justices JB Pardiwala and K Vinod Chandran, while disposing of the appeal filed by Bank of India and other CoC members, includin...
- Experts hail SC ruling on creditor’s claim in insolvency-linked dispute between two Bengaluru firmsThe Supreme Court has ruled that a creditor whose claim was largely extinguished under an insolvency resolution plan can still use it as a ...
- Jaypee homebuyers’ complaints genuine, Suraksha Group breached resolution plan: PanelAn independent committee examining Jaypee Infratech homebuyers’ grievances has found most allegations of construction delays, poor quality,...
- ET Prime Special Series: Multibagger or Bankruptcy? Part 79: 5 years changed the size of this auto supplier. Will it pass the quality test?The most striking number in this story is not a margin or a market-share target. It is a measure of scale. Revenue in the latest quarter wa...
- Need reforms for higher recoveries and speedier resolutions in IBC: IBBI ChairJayanti Prasad emphasized the need for reforms in India's debt resolution framework to improve realizations and safeguards. Justice Anupind...
- IHH plans to raise Fortis stake to 51%, expand capacity to 10,000 beds by 2031IHH Healthcare aims to raise its stake in Fortis Healthcare to 51 percent within three to five years. The company intends to increase Forti...
- Fortis Healthcare confident forensic audit will clear company in share transfer disputeFortis Healthcare has expressed confidence that a forensic audit will verify its non-involvement in a share transfer dispute. The Supreme C...
- Fortis defends itself after Supreme Court allows forensic audit, says it was "complete stranger" to Daiichi-Singh Brothers disputeIn a disclosure to the stock exchanges, Fortis said the Supreme Court, in its September 25 order, disposed of the company's Special Leave P...
- McNally Bharat: ED probes 'backdoor return' of old power network via IBCEnforcement Directorate has traced ₹105 crore of cash infusion to McNally Bharat Engineering from Vishwa Group entities. The funds moved th...
- Dredging Corporation tells Delhi HC it faces cash crunch over ₹51-crore Mercator Award; court warns of coercive actionThe disclosure came in an additional affidavit filed by the Corporation in execution proceedings before Justice Om Prakash Shukla. Accordin...
- Insolvency regulator mulls tighter safeguards for personal guarantee insolvencyIndia’s insolvency regulator is proposing tighter safeguards for personal guarantor cases, including zero voting rights for related-party c...
- NCLT approves Shree Naman's Rs 1,800 cr bid for Gstaad, Neo HotelsThe bankruptcy court in Mumbai has greenlit Shree Naman Developers' ambitious acquisition valued at ₹1,800 crore for two hotel establishmen...
- NCLAT sets aside Zaveri Group's bid for Gujarat Hydrocarbons and Power SEZThe NCLAT has overturned Zaveri Group's resolution plan for GHPSL. This decision mandates a restart of the insolvency process with new bids...
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