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CORPORATE INSOLVENCY RESOLUTION PROCESS
Byju’s-BCCI settlement remains stalled; NCLT pauses buyer searchByju's proposed Rs 158-crore settlement with the BCCI remains unresolved. Creditors have met multiple times but could not reach a decision ...- Supertech twin towers: SC defers hearing on plea seeking refund for homebuyersThe Supreme Court has deferred a plea for Supertech twin-towers homebuyers' refunds. A submission on the efforts to satisfy homebuyers not ...
- NCLT approves Aspect JV's resolution plan for Radius & Deserve Land DevelopersThe NCLT approved Aspect Group's resolution plan for Radius & Deserve Land Developers. This approval concludes the company's corporate inso...
- MCA plans unified digital platform for insolvency ecosystem, seeks stakeholders’ inputsThe Ministry of Corporate Affairs has proposed creating a unified digital platform for India's insolvency ecosystem to speed up the resolut...
- RBI clears Areion's Rs 936-crore Aviom acquisitionThe Reserve Bank of India has approved Areion Group's acquisition of Aviom India Housing Finance. This approval clears a significant regula...
- SC issues notice on Venugopal Dhoot's plea against order upholding separate insolvency for VIL, VOVLThe Supreme Court will hear Venugopal Dhoot's plea against an NCLAT order. This order upheld separate insolvency proceedings for two Videoc...
- Gratuity, leave encashment not part of CIRP cost: NCLATThe NCLAT dismissed an appeal regarding priority payment of gratuity dues. It upheld an earlier NCLT order concerning Duncans Industries' f...
- RBI Deputy Governor Swaminathan J asks regulated entities to review internal grievance redressal processesRBI Deputy Governor Swaminathan J stressed reviewing internal grievance redressal processes. He asked regulated entities to design complain...
- Pending civil suits, arbitral claims stand abated after resolution plan approved under IBC: Supreme CourtThe Supreme Court has ruled that once a resolution plan is approved, any pending civil suits and arbitration proceedings are effectively ha...
- Byju’s creditors clear Aakash settlement proposalThink & Learn's creditors have approved a settlement for the Aakash Educational Services shareholding dispute. This development brings Byju...
- SHH promoters deposit ₹200 crore to settle ₹648 crore duesSupreme Housing promoters deposited ₹200 crore for a ₹518 crore debt settlement. Canara Bank expects about ₹475 crore from this one-time se...
- NCLT clears 78 resolution plans involving Rs 5,518 cr in June quarterThe National Company Law Tribunal approved 78 resolution plans totaling Rs 5,517.66 crore. This marks the highest first quarter performance...
- Supreme Court adjourns suo motu case on NCLT vacancies, infrastructure; says appointments process underwayThe Supreme Court has postponed a hearing on NCLT member appointments and infrastructure. The court noted that the appointment process for ...
- NCLAT allows withdrawal of insolvency case against Oswal Overseas after settlement with creditorThe National Company Law Appellate Tribunal allowed Oswal Overseas' appeal withdrawal after a settlement. Oswal Overseas and LH Sugar Facto...
- Nuvoco Vistas starts Limla Cement Plant, strengthens footprint in Western IndiaNuvoco Vistas inaugurated a two million tonnes per annum cement grinding capacity. This new facility is located at their Limla cement plant...
- Deadline for filing forms relating to personal guarantors to insolvent firms extended up to Sept 30Insolvency professionals have received a three-month extension to file forms electronically. This extension applies to monitoring resolutio...
- NCLT to admit case only if debt, default established: Insolvency & Bankruptcy (Amendment) ActNew Delhi: Legal experts highlighted that the Insolvency and Bankruptcy (Amendment) Act 2026 mandates 'debt' and 'default' for NCLT case ad...
- NCLT dismisses Unity Small Finance Bank's insolvency plea against Awas Developers over default dateUnity Small Finance Bank's insolvency plea against Awas Developers was dismissed by the NCLT. The tribunal ruled the bank failed to pinpoin...
- NCLAT revives insolvency proceedings against Chintamani's Jewellery Arcade on Axis Bank pleaInsolvency proceedings against Chintamani's Jewellery Arcade have been revived by the NCLAT after Axis Bank filed a restoration application...
- IBBI seeks to streamline real estate insolvency regulations with focus on homebuyersIndia's bankruptcy watchdog is proposing significant reforms to expedite real estate insolvency. Key changes include excluding completed or...
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