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SETTLEMENT PLAN FOR CREDITORS
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...- IBC 10-year anniversary scorecard: Over Rs 4 lakh crore realised, big implications for credit markets, economic efficiencyThe Insolvency and Bankruptcy Code has helped creditors recover over Rs 4 lakh crore rupees. The Code has revived many distressed companies...
- IBC: Creditors realised Rs 4 lakh cr; cases involving Rs 14 lakh cr settled in pre-admission stageIndia's Insolvency and Bankruptcy Code (IBC) has facilitated over Rs 4 lakh crore in creditor realisations from resolved cases. Additionall...
- More than 8,800 cases admitted under IBC, creditors realise over Rs 4.11 lakh cr till Dec 2025India's Insolvency and Bankruptcy Code has seen significant success. By December 2025, over 8,800 corporate insolvency cases were admitted....
- 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...
- UltraTech settles JAL dispute, agrees to redeem Rs 1k-cr sharesUltraTech Cement has finally settled a lengthy arbitration dispute with Jaiprakash Associates, paving the way for a fresh financial landsca...
- Supreme Infrastructure India's settlement plan for creditors gets NCLT nodThe National Company Law Tribunal (NCLT) has sanctioned the settlement plan for Supreme Infrastructure India's ₹2,200 crore financial liabi...
- Pre-pack insolvency a success for five companiesThe Pre-packaged Insolvency Resolution Process (PPIRP) settled operational creditors' claims in five cases. Introduced under the Insolvency...
- NCLT approves Chemhub's resolution plan for Pancard ClubsChemhub Tradelink's plan for Pancard Clubs, approved by NCLT, involves Rs 8,900 crore debt claims with 8% recovery for creditors. The resol...
- IL&FS to re-launch stake sale process of ITPCL amid restructuring effortsIL&FS will restart the stake sale process of ITPCL (IL&FS Tamil Nadu Power Co) alongside its ongoing restructuring efforts, with the new IL...
- Lenders of Appu Hotels unanimously vote for promoter's settlement offerPromoter of Appu Hotels which operates five-star Le Meridien hotels in Chennai and Coimbatore and a resort has offered Rs 415 crore to lend...
- Creditors to approve Religare Finvest plan for 1-time settlementRFL owes ₹5,344 crore to more than a dozen lenders, led by Bank of Baroda (BoB). It has offered to settle these claims with an immediate pa...
- Lenders agree to Religare Finvest's settlement planRFL owes more than a dozen lenders led by Bank of Baroda a total of ₹5,344 crore. It has offered to settle these claims with a payment of ₹...
- Supreme Court approves loan settlement offer by Siva Industries PromotersSiva group founder C Sivasankaran's father, RCK Vallal, offered the settlement under Section 12A of the Insolvency and Bankruptcy Code, whi...
- NCLAT upholds Siva Industries liquidationThe settlement offer under Section 12A was made by RCK Vallal, who is the father of the founder of Siva group, C Sivasankaran. Siva Group i...
- Blow for Ruias: NCLT rejects plea challenging Essar Steel sale to ArcelorMittalThe Lakshmi Mittal-led ArcelorMittal’s Rs 42,000 crore resolution plan for Essar Steel was approved by NCLT on March 8.
- NCLT told to give Bhushan Steel order by March 31The National Company Law Appellate Tribunal (NCLAT) issued the order on Friday.
- Essar Steel seeks withdrawal from IBC process, offers Rs 54,389 cr to all creditorsThe plan includes cash payment of Rs 47,507 cr to all creditors, including Rs 45,559 cr to financial creditors.
- UltraTech closes in on Binani CementBinani Industries had moved the NCLAT against the resolution professional of Binani Cement, alleging that its order was not followed while ...
- Dalmia trying to scuttle Binani deal: Operational creditorsDalmia Bharat is one of the bidders for Binani Cement under a court-monitored process to settle its debt crisis.
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