The financial creditor had filed the insolvency petition against the developer as guarantor for default in mortgage loans totalling over ₹5...

Effectively, it would be difficult for Piramal Enterprises now to participate in the auction process scheduled Wednesday. This is mainly be...

The threshold price is the minimum price that a resolution applicant must offer to participate in the first round of the challenge auction ...

For the financial services business, the Reserve Bank of India (RBI) has special powers under section 227 of the IBC to refer companies to ...

This follows an out-of-court settlement between both the companies over a Rs 526 crore loan default by Reliance Power and its subsidiary Re...

Zurich confirmed that it has made a separate offer to acquire a stake in Reliance General Insurance Company as part of the resolution proce...

In March, the NCLT Mumbai bench had allowed an application filed by Piramal Capital & Housing Finance Ltd (PCHFL) that had opposed the with...

Piramal Enterprises is one of the 54 prospective resolution applicants (PRAs) for Reliance Capital and its subsidiaries.

The Mumbai bench of the National Company Law Tribunal (NCLT), led by Justice Suchitra Kanuparthi and technical member Anuradha Bhatia, in a...

The appellate tribunal observed that NCLT has passed directions to consider the second proposal from Wadhwan, despite the fact that the Com...

The National Company Law Appellate Tribunal (NCLAT) on Thursday, while delivering a judgement on 63 Moons Technologies petition had directe...

On Thursday, opposing the insolvency resolution plea filed by the company’s resolution professional (RP) at the Mumbai bench of the Nationa...

DHFL shares rose 10 per cent to get locked at Rs 22.85, the upper circuit limit on Tuesday. The stock has gained over 50 per cent in less t...

On Thursday, the company said, it has received no objection from the Reserve Bank and has filed application with NCLT for submission of the...

In November 2019, the Reserve Bank had referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NC...

The "resolution plan submitted by Piramal Capital and Housing Finance Limited was duly approved by CoC by majority voting under section 30(...

The US-based Oaktree Capital in its bid claimed that post resolution, DHFL's NCDs would be assigned an AAA rating if their resolution plan ...