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CORPORATE INSOLVENCY RESOLUTION PROCESS
Mumbai EOW probes Suraksha Realty promoter’s fraud allegations over JIL DealMumbai Police’s Economic Offences Wing is probing allegations by Suraksha Realty director Vijaykumar Mohanlal Parekh against fellow promote...
The ET HR Excellence Awards: Recognising excellence in employee-centric HR service deliveryThe Excellence in HR Service Delivery & Employee Support category honors organizations that improve employee access to HR services via opti...
NCLAT dismisses Affle 3i's plea against insolvency of Talent Unlimited Online ServicesNCLAT has dismissed an appeal by Affle 3i Ltd concerning insolvency proceedings against Talent Unlimited Online Services Pvt Ltd. The dismi...
IBC helps 1.4 lakh homebuyers move closer to possession as developers revive stalled projectsIndia's insolvency framework has helped more than 1.4 lakh homebuyers receive homes from stalled projects. Major developers, like Adani Rea...
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...
Subhash Chandra moves NCLAT, challenges NCLT 5-member bench order against alienation of assetsSubhash Chandra has approached the NCLAT challenging a five-member NCLT bench order that stayed a third member’s decision approving his Rs ...
IBBI allows liquidators to modify stakeholder list on new informationUnder the earlier regime the liquidator could not change this list independently and had to apply to the Adjudicating Authority- usually th...
Microsoft to keep shareholder proposal rights through 2027, even as SEC reduces oversightUnder an agreement with conservative activist Paul Chesser, seen by Reuters, Microsoft will continue to apply existing thresholds for inves...
Supertech insolvency: NCLAT raises concern over delay in appointing IRP, slippage on deadlineConcerns have been raised by the NCLAT regarding NBCC's significant delays in the construction of Supertech projects, while criticism mount...
Insolvency appeals are time-bound, no leeway beyond 45 days: NCLATThe NCLAT stressed insolvency proceedings are time-bound and appeals must be filed promptly. An appeal against a revival order was rejected...
NCLT rejects Jet Airways' liquidator plea seeking Rs 500 crore from BoeingThe National Company Law Tribunal dismissed Jet Airways' plea for a refund from Boeing. The tribunal cited a contractual dispute over advan...
Jaypee Infratech to invests Rs 3,000 crore in next 2 yrs to complete stalled projectsJaypee Infratech will invest Rs 3,000 crore over two years to complete stalled housing projects. All stuck homebuyers will receive their ap...
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...
NCLT stays disposal of Byju's K3-linked assets auctioned for Rs 16 cr, flags valuation concernThe insolvency tribunal NCLT has ordered a status quo on Byju's K3 Education's assets. Assets worth Rs 150 crore were allegedly sold for on...
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...
Corporate stress remains benign despite IBC delays and deep haircuts: KotakIndia's corporate credit cycle is expected to remain stable in the near future. Strong corporate balance sheets and moderate debt levels su...