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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   


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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   


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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   


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Reliance Capital resolution process completion deadline extended to July 16

NCLT Mumbai has extended Reliance Capital's resolution process deadline by 90 days to July 16. The …

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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 …

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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…

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Haircut on cases resolved through IBC not very encouraging, says Kotak report

Haircuts on cases resolved through the Insolvency and Bankruptcy Code (IBC) are still very high, ne…

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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   


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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   


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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…

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Go First Gone: 11th private airline to 'drop' out of skies in a decade

The tottering Indian aviation sector hit fresh turbulence when early this month, another flourishin…

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Possibility of rival bids for Go Airlines? It is a hypothetical question: says CEO Kaushik Khona

Even though the Wadia group has approached the National Company Law Tribunal (NCLT) voluntarily to …

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Doing everything possible to take utmost care of employees says Go First CEO

Go First chief Kaushik Khona has told employees that the airline has been crippled by recurring Pra…

PTI   


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Airfares likely to rise as Go First cancellations reduce capacity says travel agents body

No-frills carrier Go First filing for insolvency proceedings and cancelling flights is bad for the …

PTI   


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Parliament passes amendments to IBC

The minister said need for amendment in the IBC arosebecause of "changing requirement" and "require…

PTI   


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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   


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DHFL resolution: Oaktree cries foul, says persistent campaign to discredit its bid

Oaktree has told the Committee of Creditors (CoC) of Dewan Housing Finance Ltd (DHFL) that there ha…

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Torrent Investments not to participate in 2nd auction for Reliance Capital; Hinduja sole bidder

Torrent Investments has reportedly informed lenders of Reliance Capital that it is unwilling to par…

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Climate change threatening tea sector globally: ITA

A spokesman of ITA said climate change is also threatening the long-term viability of tea indust…

PTI   


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Will Reliance Capital lenders get their dues fast or will there be legal delays

With another round of bidding for Reliance Capital Ltd slated later this month, the question is whe…