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CREDITOR FUND RECOVERY
Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land backThe Supreme Court agreed with the Madras High Court's call to cancel the auction of Mr. Rama's family property. The bank was trying to sell...- The billionaire shakedown: How India changed its 'default' settingsIndia's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering tril...
- Choosing a crypto exchange in India? Read this firstWith fees, security and ease of use all up for scrutiny, WazirX makes a strong case for being the everyday trader’s go-to platform in India...
- Adani Group pays Rs 6,000 crore to Jaiprakash lenders in first tranche of Rs 14,535 crore planAdani Group has made a significant payment of ₹6,000 crore to lenders of Jaiprakash Associates. This marks the first installment of a ₹14,5...
- WazirX launches crypto Futures with lowest trading fees and no volume thresholdWazirX has launched crypto Futures trading for Indian traders, offering the lowest maker and taker fees in the market without volume thresh...
- Gulf shipping standoff hits world’s most vulnerable farmersGlobal supply chain disruptions, exacerbated by international conflicts, are making essential farming inputs scarce and unaffordable for sm...
- NCLT approves Rs 730 cr resolution plan for Rajesh Business & Leisure HotelsThe National Company Law Tribunal has approved a revival plan for Rajesh Business & Leisure Hotels. A consortium of Rare Asset Reconstructi...
- Why did Spirit Airlines fail? Is this the first economic shock of the Iran war— or a missed bailout moment under Trump? The true cost of flying cheap in AmericaWhy did Spirit Airlines fail? First major casualty of the 2026 Iran war fuel shock. The collapse of Spirit Airlines today, May 2, 2026, isn...
- ED flags Rs 11,600 crore 'proceeds of crime' in RHFL, RCFL probeThe Enforcement Directorate has alleged over ₹11,600 crore as proceeds of crime in a money laundering probe involving Reliance Home Finance...
- Economic shock of Middle East war to cast shadow over IMF, World Bank meetingsGlobal finance leaders are meeting amid the Middle East war, a third major shock impacting the world economy. The IMF and World Bank are do...
- Sadbhav Lenders turn down NARCL offer, settle it out of courtSadbhav Engineering lenders have chosen an out-of-court debt restructuring. This decision bypasses an offer from NARCL. A consortium-led pl...
- Banks take backseat: Bombay High Court upholds PMLA supremacy in asset recoveryBanks in India face a significant ruling from the Bombay High Court. The court declared that anti-money laundering laws take precedence ove...
- WazirX completes allocation of Recovery Tokens, distributes 85% of rebalanced net liquid platform assets to users within 10 daysWazirX has completed the allocation of Recovery Tokens to eligible users under its court-approved scheme and distributed around 85% of reba...
- A responsible recovery in the aftermath of an alarming cyberattackAmendments include fund distribution by Zanmai India. The Monetary Authority of Singapore addressed compliance. Voting is scheduled from Ju...
- WazirX’s Proposed Scheme of Arrangement: A Path to Recovery and Future Stability for UsersWazirX proposes a Scheme of Arrangement to recover $234 million lost in a cyberattack by North Korean hackers, aiming to redistribute asset...
- Zettai seeks court approval for WazirX creditors meeting and scheme of arrangement“The proposed scheme of arrangement, filed in the court under the Companies Act 1967, prioritises creditors by outlining a structured roadm...
- Crypto exchange Gemini tries to line up other creditors in new Genesis bankruptcy plan: reportThe new proposal would involve some creditors' fronting funds to help pay others back quickly in exchange for a bigger share of any money w...
- Resolution plan for Reliance Commercial implemented, a first for an Anil Ambani-companyThis is the first completion of resolution for an Anil Ambani-company and also the first outside the National Company Law Tribunal (NCLT). ...
- Adani ready to change bid condition for Radius EstatesICICI Prudential VC Fund had argued that the condition was in violation of the original bidding terms which had provided for all such recov...
- EPF dues have priority over secured creditors’ debt: SCSC has ruled that from now on, recovery of EPF dues from a company under liquidation would get priority repaying loans.
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