Searched for
CORPORATE INSOLVENCY RESOLUTION PROCESS
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...
- NCLAT seeks status report on delayed Supertech housing projects by NBCCThe NCLAT has ordered the Supertech committee to file a status report within two weeks. This report will detail construction commencement a...
- NCLT forms 5-member bench to decide on Subhash Chandra's Rs 6.5 crore repayment planA new five-member bench will decide Subhash Chandra's repayment plan. This personal insolvency case involves claims exceeding twenty-two th...
- Subhash Chandra Rs 22,000 cr case: NCLT fails to get majority view on insolvency plan with 99.7 percent haircutSubhash Chandra's insolvency case: A tribunal bench referred the case for fresh adjudication. Lenders opposed a proposed repayment plan off...
- Subhash Chandra's dissenting lenders Canara Bank, Union Bank move NCLAT against NCLT orderDissenting lenders have challenged the NCLT order approving Subhash Chandra's personal insolvency plan. The Essel Group chairman's plan pro...
- Zee Entertainment shares crash 14% amid Subhash Chandra’s 99.97% loan haircut rowZee Entertainment shares crashed on Monday after the NCLT approved a repayment plan involving founder Subhash Chandra. The plan entails a r...
- Dissenting creditors alleged family-linked entities cast 61.78 pc votes that cleared Subhash Chandra's insolvency planDissenting lenders have alleged that five entities linked to Subhash Chandra’s family controlled 61.78% of voting rights and helped approve...
- Bira 91 faces insolvency push as HNGIL seeks Rs 11.8 croreHindusthan National Glass has issued a default notice to Bira 91's parent company. The glass manufacturer seeks recovery of over eleven cro...
- Sintex Industries: NCLAT upholds clean slate principle, rejects shareholder's plea for compensationIn a critical ruling, the National Company Law Appellate Tribunal (NCLAT) upheld the clean slate principle enshrined in the Insolvency and ...
- Zee's Subhash Chandra claims he has Rs 6.5 crore left, lives on rental income amid NCLT's 99.97% loan haircut rowSubhash Chandra has said Rs 6.5 crore remains with him and that he will have to pay the amount under the insolvency plan, while rental inco...
- 99.97% haircut? How the scissors worked in the Subhash Chandra caseNCLT has approved a resolution plan allowing Zee founder Subhash Chandra to pay about ₹6.5 crore against ₹22,006.57 crore in admitted claim...
- 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...
- 'Not haircut but mundan': Congress on NCLT clearing Subhash Chandra's Rs 6.5 crore payoutThe NCLT has given the green light for Subhash Chandra's settlement of Rs 6.5 crore against outstanding dues of Rs 22,006 crore. This drast...
- Rs 22,006 crore claims, Rs 6.5 crore payout: NCLT clears Subhash Chandra planThe insolvency tribunal NCLT approved Subhash Chandra's repayment plan. Lenders will receive only Rs 6.5 crore against Rs 22,006.57 crore c...
- HC says won't consider non-encashment of Reliance Communications' bank guarantees as defaultThe Delhi High Court will not consider non-encashment of RCom bank guarantees as a default. This ruling applies until the next hearing sche...
- Insolvency professionals need to be wary of IBC abuse indicators: IBBIInsolvency professionals are now required to watch for at least nine "indicators" to prevent abuse of the Insolvency and Bankruptcy Code (I...
Load More
