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OPERATIONAL CREDITOR DISPUTE
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...27 May, 2026, 11.33 AM IST- NCLT admits insolvency plea against Prime Focus over Rs 353.79 crore claim, company challenges order in NCLATThe National Company Law Tribunal has admitted an insolvency petition against Prime Focus Ltd. Reliance Alpha Services Pvt Ltd filed the pe...08 May, 2026, 12.51 PM IST
- Spirit Airlines shutting down: why did Spirit Airlines fail and how to get your refunds right nowSpirit shutting down: Spirit Airlines is shutting down today. Spirit grounded all flights now. Two billion dollars in debt killed the carri...02 May, 2026, 04.49 PM IST
- When the acquisition looks great but the footnote doesn't: How Indian managements turn deals into balance-sheet fictionAcquisitions are among corporate finance’s most celebrated events. But the harder story usually emerges later, when the accounting begins t...24 Apr, 2026, 11.03 PM IST
- 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...23 Apr, 2026, 11.37 PM IST
- After deleveraging Rs 215 crore in debt, JDMEHF bets big on healthcare’s futureUnder Rhitik Jassar, JDMEHF's journey demonstrates disciplined resilience, a quality honed by crisis.10 Apr, 2026, 11.36 AM IST
- Defaulting company promoters to be given new lease of life? All eyes on a big new IBC proposalIBC: India's insolvency regulations could soon see a significant shift. The proposed changes could allow company promoters facing defaults ...07 Apr, 2026, 01.26 PM IST
- NCLAT directs lower tribunal to hear Belgotex insolvency plea afreshThe National Company Law Appellate Tribunal has stepped in to challenge a lower court's ruling regarding Belgotex India, a key player in th...01 Apr, 2026, 04.25 PM IST
- Mediation to lower burden for NCLTs & speed up resolutions, say lawyersLawyers believe mediation will reduce burden on NCLTs, resolve disputes between operational creditors and defaulting companies faster, espe...23 Feb, 2024, 12.15 AM IST
- NCLAT rejects plea to initiate insolvency proceedings against Aditya Birla FashionHowever, the NCLAT also said, "We do not agree with the finding of the Adjudicating Authority that the Section 9 application was time-barre...09 Jan, 2024, 10.57 PM IST
- NCLT dismisses insolvency resolution plea against Indamer Mjets Airport ServiceThe bankruptcy court in Mumbai has rejected an application filed by Dezire Group against Indamer Mjets Airport Service Pvt Ltd to admit the...30 Nov, 2023, 12.50 AM IST
- NCLAT dismisses insolvency plea against WiproThe dispute is related to the supply of goods for a government project implemented by Wipro, where it was awarded the work of design, manuf...10 Sep, 2023, 05.50 PM IST
- NCLAT stays insolvency proceedings against Container Corporation of IndiaThe order was challenged by the Container Corporation of India Ltd (CONCOR) before the appellate tribunal, which passed an order on July 14...18 Jul, 2023, 07.42 PM IST
- NCLAT stays insolvency process for Gayatri ProjectsGayatri Projects, in its letter to the stock exchanges, said “JIL had not fully performed their scope of work as per the contract. There ex...14 Dec, 2020, 04.59 PM IST
- NCLAT sets aside plea to initiate insolvency proceedings against Intex TechnologiesThe appellate tribunal observed that there was a pre-existing dispute between the firm and Intex Technologies, and the NCLT has rightly rej...28 Oct, 2019, 04.07 PM IST
- Promoters will look to settle out of court, post IBC tweakOn November 22, President Ram Nath Kovind gave his assent to a new section in the IBC.04 Dec, 2017, 11.21 AM IST
- Operational creditors first in line to use bankruptcy codeOperational creditors are suppliers of goods or services to a defaulting company.01 Jul, 2017, 12.08 PM IST
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