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INSOLVENCY
JSW Mahanadi Power settles dispute with Raigarh Champa Rail; NCLAT disposes of appealThe NCLAT disposed of an appeal between JSW Mahanadi Power and RCRIPL. Both companies reached an amicable settlement after a dispute over u...- NCLAT upholds insolvency proceedings against Nyka Steel guarantor over UCO Bank duesThe NCLAT upheld an NCLT order initiating insolvency proceedings against a personal guarantor. This decision involved Asif Ahmed Siddique, ...
- Employee lost job over pending criminal case; SC awards Rs 5 lakh compensation for wrongful terminationEmployee to get Rs 5 lakh compensation after proving employer terminated him due to pendency of criminal cases; SC order explained. Know ho...
- Parliamentary panel backs govt steps to strengthen IBC recovery, seeks deeper action on fund diversionA parliamentary panel has backed govt efforts to improve insolvency recovery, seeking urgent action to prevent fund diversion during insolv...
- N Chandrasekaran: From TCS trainee to Tata titan, the Ratan Tata pick signs offN Chandrasekaran resigned as Tata Sons chairman, ending his nearly decade-long tenure, with his term set to expire in February 2027. His re...
- Haryana RERA gives developers four-month relief as Iran war disrupts projectsHaryana RERA has extended real estate project deadlines by four months. This decision follows a central government advisory recognizing sup...
- Over 36,000 firms shut operations in Maharashtra in 5 yrs; Oppn claims graft, govt interferenceIn Maharashtra, over 36,000 private companies have been dissolved within the last five years, particularly affecting the business services ...
- NCLAT junks plea of Log 9 Mobility's executives against order to assist in recovery of EVs leased from GensolThe NCLAT rejected an appeal by Log 9 Mobility's suspended directors. They challenged an NCLT order to help recover leased electric vehicle...
- Capex push has revived private investment as India advances towards Viksit Bharat: Nirmala SitharamanFinance Minister Nirmala Sitharaman outlined Viksit Bharat's vision for a developed nation. She stated that 2047 is an immediate national h...
- Par panel makes various recommendations on corporate laws amendment billA parliamentary panel proposed fixed penalties for certain corporate non-compliances. It suggested allowing in-kind CSR contributions for s...
- Longevity of partners matters most in a Joint Venture: Tata Trusts Chairman Noel TataNoel Tata highlighted partner chemistry as key to successful joint ventures. He also outlined Tata Trusts' future plans for institution-bui...
- NCLAT rejects DoT's 469-crore claim appeal in Rolta insolvency; upholds resolution planThe NCLAT has officially dismissed the Department of Telecommunications' (DoT) appeal against Rolta India's resolution plan, stating it has...
- SC upholds NCLAT order setting aside CCI's Rs 301.6-cr penalty on Grasim IndustriesThe Supreme Court upheld an NCLAT order concerning Grasim Industries. This decision set aside a significant penalty previously imposed by t...
- India climbs 25 places to 57th in global rankings on back of structural, pro-competitive reformsIndia's position in structural and global rankings has improved from 82nd to 57th as per a statement by the Ministry of Commerce & Industry.
- NCLT rejects Authum's plan for Vas Infra over CIRP issueThe NCLT rejected Authum Investment's plan for Vas Infrastructure due to irregularities. The tribunal found misrepresentation of assets and...
- India 25 notches up on global competitiveness indexIndia advanced 25 places to rank 57th globally in a competitiveness index. This improvement reflects sustained efforts in reducing market d...
- SC says insolvency shield cannot protect real estate promoters from homebuyers' casesThe Supreme Court ruled promoters and directors cannot use insolvency moratorium against homebuyers. This decision provides significant rel...
- Byju’s RP moves NCLT against Google in fresh data-access disputeResolution professional Shailendra Ajmera, who’s backed by EY, has filed an application under Section 60 (5) of the Insolvency and Bankrupt...
- 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...
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