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INSURANCE INSOLVENCY PLEA
Nippon Life's India asset manager to settle Yes Bank investment case, document showsNippon Life India Asset Management will pay over 96 crore rupees to settle SEBI charges. The company allegedly invested customer funds in h...- NCLAT rejects insolvency plea against Jumbo Finvest, upheld NCLT orderThe Appellate Tribunal NCLAT has rejected Equitas Small Finance Bank's appeal. This appeal sought to initiate insolvency proceedings agains...
- NCLAT rejects Korea trade insurance insolvency pleaThe National Company Law Appellate Tribunal has dismissed an insolvency appeal. Korea Trade Insurance Corporation filed the appeal against ...
- Sebi rejects Anil Ambani's settlement plea over Yes Bank investments, documents showIndia's market regulator has rejected Anil Ambani's plea to settle charges related to investments in Yes Bank, potentially leading to a Rs ...
- Six ARCs acquire 55% of KSK Mahanadi Power's Rs 29,330-crore debtSix ARCs, led by Aditya Birla and Kotak Mahindra-backed, control majority debt in KSK Mahanadi Power due to lenders' exits amid debt resolu...
- UBI looks to sell KSK Mahanadi, Raigarh Champa debt to ASRECAn offer of ₹828 crore for KSK Mahanadi and ₹38 crore for Raigarh Champa Rail by ASREC last week triggered a Swiss challenge auction, the p...
- NCLT directs lenders to maintain status quo on Reliance Capital matterThe NCLT Mumbai bench, led by Justice Shyam Babu Gautam and Justice Pradeep Narhari Deshmukh, has been hearing the applicants on a day-to-d...
- Torrent Investment asks NCLT to quash fresh CoC's fresh auction round for Reliance CapitalIf this 'challenge mechanism' is accepted, there will be no finality and the CoC will announce a fresh round of auction every month increas...
- Future Enterprises offers one-time settlement via sale of assetsFuture Group, of which FEL is a part, failed to clinch a Rs 24,713-crore deal with Reliance Industries to sell its retail assets. FEL manuf...
- Future Group to focus on saving, rebuilding Future Lifestyle, Future Supply Chain & Future ConsumerReliance on Saturday called off its Rs 24,713-crore deal to acquire Future Group's retail, wholesale, logistics and warehousing assets, aft...
- NCLT reserves order on RBI’s plea to commence insolvency against Reliance CapitalBefore that Ravi Kadam, senior advocate, appearing for the RBI informed the Mumbai bench of the National Company Law Tribunal (NCLT) that u...
- DHFL begins implementing Piramal resolution planKhushru Jijina, managing director at PCHFL who has rich experience in corporate finance, is in the committee. “His expertise could be instr...
- NCLAT declines plea of Prudential International Insurance challenging approval of Piramal's bid for DHFLNCLAT termed the plea of Prudential International Insurance Holdings Ltd (PIIHL) as "premature" as it has approached the appellate tribunal...
- RBI files application for insolvency proceedings against DHFL“Debt moratorium on DHFL till insolvency plea admitted,” ETNow reported.
- Aviva Life settles insolvency case in NCLTAviva Life Insurance on Wednesday said the insolvency case filed against the company, in a matter involving commercial dispute of Rs 27 lak...
- Aviva Life faces IBC trial over ‘not paying landlord’Aviva is facing proceedings under the IBC, for not meeting payment obligations to the Apeejay Group.
- Setback for Jaypee buyers in plan to shore up votes for NBCC bidThe decision will lead to further uncertainty in the resolution process of Jaypee Infratech, the real estate company behind ambitious proje...
- Lenders approve UVARCL proposal to acquire AircelIndustry watchers say it will be one of the biggest haircuts in a big-ticket insolvency.
- YES Bank, GTL Infra, SBI Life and Moser Baer among stocks in the newsHere's a look at the top stocks that may hog the limelight in today's session.
- Ebix, London-based investor in race to acquire Educomp SolutionsEbix and the London-based investor will be called for discussions and further negotiations after the offers are reviewed, according to peop...
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