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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...- From billionaire to jail: Why Byju Raveendran is facing prison and how $22B startup with SRK & Messi as ambassadors crashedByju's founder Byju Raveendran has been sentenced to six months in jail by a Singapore court for contempt of court. The court cited his dis...
- 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...
- Insolvency law not a recovery mechanism, Supreme Court reiterates in key IBC rulingIn a landmark decision, the Supreme Court has clarified that insolvency law is not intended for the mere pursuit of debt recovery. It highl...
- Vedanta questions metrics behind Adani’s winning bid for JALVedanta Group is challenging the selection of Adani Enterprises' bid for Jaiprakash Associates Ltd. Vedanta claims its offer was significan...
- Vedanta tells Supreme Court its revised Jaypee bid tops Adani offerVedanta Ltd has approached the Supreme Court challenging the rejection of its bid for Jaiprakash Associates Ltd. The mining giant claims it...
- Sterling Biotech: SC orders release of Rs 5,100 crore to banksThe Supreme Court has ordered its registry to disburse ₹5,100 crore from former Sterling Biotech directors to banks proportionally within a...
- Government says 11 airlines exited in 10 years due to fin stress, other internal issuesEleven airlines have ceased operations in India over the past decade. Financial difficulties, aircraft shortages, and internal problems led...
- NCLT admits insolvency plea against yarn maker Shrivallabh Pittie IndustriesThe NCLT Mumbai admits the State Bank of India's petition for insolvency proceedings against Shrivallabh Pittie Industries Ltd, a subsidiar...
- Insolvency rules: Port dues to state govts will not get preferenceThe maritime board also requested that MCA and IBBI direct liquidators to deposit port dues "promptly and vacate premises upon termination"...
- Farmers move NCLT over Bajaj Sugar insolvency processThe country's largest sugar manufacturer helmed by Kushagra Bajaj is facing an insolvency lawsuit from the state-owned bank.
- Streamline insolvency resolution with codeA more balanced committee of creditors that includes operational creditors, giving voting rights in proportion to their due amounts, is nee...
- Insolvency and Bankruptcy Code works, but it could work betterThe bid amount will enable creditors to recover about 40% of the total admitted claims of around Rs 87,082 crore. The NCLT has advised lend...
- Essar Steel posts EBITDA of Rs 2,000 cr, may 'utilise funds' towards financial creditors' claimsThe CoC had challenged the orders of the NCLAT of March 18 and March 20 before the Supreme Court by filing an SLP.
- Essar Steel inching towards resolutionNCLAT gives conditional nod to ArcelorMittal’s resolution plan, to rule on fund disbursal later.
- SC okays UltraTech bid for BinaniThe tribunal had said the Rajputana bid of Rs 6,930 crore was discriminatory toward some financial creditors.
- Gail & Getco oppose sale of Essar Steel to ArcelorMittalLast month, the CoC of Essar Steel had picked ArcelorMittal's proposal for Essar Steel. Under the plan, financial creditors stand to get Rs...
- SMEs' claims may get higher priority in liquidation casesThis comes after representations that small and medium enterprises (SMEs), which are suppliers of goods or services to a defaulting company...
- Mantri Realty urges unsecured lenders to negotiate duesMantri Realty has filed a scheme for reconstruction and compromise between the company and its unsecured creditors and employees.
- Subhiksha moves court, seeks trade-off with lendersTroubled retailer Subhiksha is now knocking the court's doors to save itself from liquidation.
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