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NCLT to hear insolvency proceedings plea filed against SpiceJet next week
Aircraft lessor Aircastle (Ireland) Ltd has filed the petition against SpiceJet for initiating inso…
PTI
Go First Impact: Market capitalisation of 3 PSU Banks down by ₹7,500 crore as investors fret over their exposure to ailing airline
Low-cost airline Go First’s insolvency proceedings have plunged shares of Central Bank of India, Ba…
Go First has lengthy history of missing financial obigations, says Pratt & Whitney official
In another statement, Pratt & Whitney said it was "committed to the success of our airline customer…
ANI
NCLT reserves order on Go First's plea for insolvency resolution proceedings
The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go Fi…
PTI
The CEO of UNest, a college savings app, stepped down after she said the company was 'insolvent.' Here's what customers need to know.
Aside from the potential losses for investors, the situation is also worrying for UNest customers w…
Ben Bergman
NCLT grants 90 days extension to Future Retail for concluding insolvency
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate I…
PTI
CIRP initiated in cases of DHFL, ABG Shipyard, Bhushan Power & Steel
Corporate insolvency resolution process (CIRP) was initiated in the cases of DHFL, ABG Shipyard and…
Future Retail insolvency process: 48 cos selected as eligible prospective bidders
As many as 48 companies, including Reliance Retail, Jindal Power Ltd and Adani Group, are on the fi…
PTI
SMBC Aviation Capital moves NCLAT challenging NCLT order allowing insolvency Go First
Aircraft lessor SMBC Aviation Capital Ltd on Wednesday moved the appellate tribunal NCLAT against t…
PTI
Amendments to competition law likely in Budget session
A bill to amend the competition law was introduced in Parliament on August 5 last year and was late…
PTI
Govt to amend insolvency law to reduce time taken for resolution process
The corporate affairs ministry's move to amend the law also comes against the backdrop of conce…
PTI
Financial creditors forego Rs 790.626 cr under insolvency resolution process: CARE Ratings
With the debt recoverable rate going down to 30.8 per cent or Rs 243,452.5 crore (lenders foregoing…
IBC cases still below FY20 levels – report says this shows India Inc is ‘comfortably placed’
In yet another sign of the good health of corporate India, insolvency cases are still below FY20 le…
As Supertech goes bankrupt, these are the options home buyers have
Noida-based real-estate firm Supertech Limited was declared bankrupt by the National Company Law Tr…
Zee Learn tumbles 20% as Yes Bank drags the firm into insolvency proceedings
Investors of Zee Learn, an Essel Group company, found themselves in a huge mess after shares of the…
Binance just bought FTX. Here's how rumors of insolvency and fears of contagion led Sam Bankman-Fried into a deal.
The 30-year-old billionaire was not long ago vaunted for saving other crypto firms. Now he's asked …
Phil Rosen
NCLAT approves resolution plan for Odisha Slurry Pipeline Infra
Earlier, the Ld Adjudicating Authority, Cuttack on March 2, 2020, approved the resolution plan…
OPINION: How to make India’s bankruptcy resolution process faster and more efficient
However, as with all new regulations, the law takes its time to settle. Having said that there a…
Crypto lender Celsius is 'deeply insolvent' and does not have the ability to meet obligations to creditors or account holders, state regulator warns
Regulators warned that Celsius does not have the money to meet its obligations, adding that company…
Jennifer Sor
SoftBank-backed Greensill Capital is preparing to file for insolvency after losing a $4.6 billion contract, report says
Greensill's German banking subsidiary is now under direct oversight of the country's financial watc…