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3 mins read
Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention
The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…
3 mins read
Supreme Court agrees to list plea related to insolvency proceedings against ed-tech firm Byju's
Kaul said, "The only funding was done by the promoters and today no one has brought any external…
PTI
3 mins read
SC to hear plea related to insolvency proceedings against ed-tech firm Byju's on Sept 17
The Supreme Court will hear on September 17 the appeal of US-based creditor Glas Trust Company LLC …
PTI
2 mins read
Future Lifestyle Insolvency: RP receives claims of ₹2,155.53 cr from financial creditors
As per the provision of the Insolvency & Bankruptcy Code, a Committee of Creditors (CoC) of FLFL ha…
PTI
2 mins read
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
2 mins read
Real estate sector weighs on IBC but accounts for 18% of total realisations
The real estate sector has accounted for a significant portion of the total realisations under the …
3 mins read
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
2 mins read
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
2 mins read
NCLT approves ₹1,814 crore resolution plan for Lavasa: Darwin Platform winning bidder
In a 25-page order passed on Friday, the tribunal cleared the resolution plan at an investment o…
PTI
1 min read
NCLT admits Go First's plea to initiate insolvency resolution
The National Company Law Tribunal (NCLT) on Wednesday admitted Go First's voluntary plea to initiat…
PTI
3 mins read
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…
2 mins read
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…
1 min read
NCLT extends deadline for Go First's insolvency for another 60 days
The National Company Law Tribunal on Tuesday extended the deadline for another 60 days to complete …
PTI
1 min read
NCLAT approves resolution plan for Odisha Slurry Pipeline Infra
Earlier, the Ld Adjudicating Authority, Cuttack on March 2, 2020, approved the resolution plan…
4 mins read
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…
1 min read
Jet Airways insolvency: NCLAT extends time till Sep 30 for Jalan-Kalrock to pay Rs 350 cr
The National Company Law Appellate Tribunal (NCLAT) on Monday extended the time till September 30 f…
PTI
6 mins read
Go First's insolvency flight leaves trail of concerns for aircraft lessors
At least 50 leasing companies have requested the return of leased planes from two Indian airlines i…
PTI
2 mins read
Creditors take a haircut of 70% in insolvency cases: CareEdge report
The CareEdge report has found that the cumulative recovery rate has been on a downtrend, decreasing…
1 min read
NCLAT upholds NCLT order allowing Go First's voluntary insolvency proceedings
The National Company Law Appellate Tribunal (NCLAT) has upheld an NCLT order allowing Go First's vo…
PTI
1 min read
Go First insolvency: NCLAT to pass order on aircraft lessors' petitions on May 22
The bench also asked the parties to submit additional documents, if any, in the next 48 hours. …