Insolvency
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Adani Group Seeks Competition Commission's Nod To Acquire Jaiprakash Associates
Billionaire Gautam Adani-promoted Adani group on Tuesday sought approval from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Ltd.
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'CBI To Probe Anil Ambani's SBI Fraud Case': Centre To Lok Sabha
State Bank of India has classified Reliance Communications along with promoter director Anil D Ambani as 'fraud' and is also in the process of lodging complaint with CBI, Parliament was informed on Monday.
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Adani Power Completes 600MW Vidarbha Unit, Capacity Reaches 18,150 MW
Adani Power Ltd (APL) on Tuesday said it has successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd (VIPL) for Rs 4,000 crore.
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UK Bolsters Web3 Investigations, Appoints First Crypto Intelligence Specialist to Insolvency Service
The UK government appointed Andrew Small as the first crypto specialist in the Insolvency Service, which is responsible for the recovery and tracing assets linked to bankrupt individuals or liquidated companies. In the past five years, the number of insolvency cases involving crypto as a recoverable asset have clocked a massive increase of 420 perc...
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Bajaj Auto Secures Rs. 5,431 Crore Loan to Support KTM AG's Restructuring Efforts
Bajaj Auto International Holdings BV will secure a loan of up to 566 million Euros or Rs. 5,431 crore for KTM AG's insolvency plan.
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Law Tribunal Dismisses Insolvency Plea Against PepsiCo India
The National Company Law Appellate Tribunal (NCLAT) has dismissed an insolvency petition against PepsiCo India Holdings after observing that provisions of IBC cannot be turned into a debt-recovery proceeding.
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Ola Electric Arm Settles Dues with Vehicle Registration Service Provider
Earlier this month, Rosmerta Digital Services Ltd had sought to initiate insolvency proceedings against Ola Electric Technologies Pvt Ltd. On Tuesday, March 25 Ola said it has amicably settled all dues with its former vehicle registration service provider.
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Ola Electric’s Unit Faces Two Insolvency Pleas Over Vendor Dues
Ola faces insolvency pleas from Rosmerta Digital Services Pvt. and Rosmerta Safety Systems — suppliers of vehicle registration services and high-security registration plates respectively. Ola said it strongly disputes the claims and is seeking legal advice on the matter.
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Ola Electric Shares Drop Over 7% Amid Insolvency Petition; Hit 52-Week Low
Shares of Ola Electric Mobility Ltd tanked after the firm said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly-owned arm Ola Electric Technologies Pvt Ltd.
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NCLT Recalls Insolvency Order Against Logix Infra Over 'Fraudulent' Intentions
NCLT has recalled and set aside its own order directing insolvency proceedings against realty firm Logix Infrastructure in July 2023, saying the plea was initiated with "fraudulent and mala fide intentions" and a collusive petition was filed.
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How String Of Tragedies Turned A Family's Home Dream Into Fight For Justice
Houses are built of bricks and mortar, but homes are made of dreams. For one family in Noida, a string of tragedies turned the search for a home into a long wait for justice.
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Top Court Reverses Tribunal Order On Byju's- BCCI Rs 158 Crore Settlement
The Supreme Court on Wednesday set aside National Company Law Appellate Tribunal's verdict that had stopped insolvency proceedings against embattled ed-tech firm Byju's.
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"Byju's Worth Zero," Says Founder Of India's Once Biggest Startup
Byju Raveendran, the founder of what was once India's biggest start-up, Byju's, said he overestimated the growth potential of his education-technology company which is now "worth zero" as it faces insolvency, but remains hopeful of rescuing it.
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'You Have Rs 15,000 Crore Due Why Only Settle BCCI's': Supreme Court To Byju's
The Supreme Court has questioned whycrisis-hit ed-tech major Byju's chose to settle its dues only with the BCCI despite beingin Rs 15,000 crore debt.
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SpiceJet Gets Notice From Law Tribunal Over Insolvency Plea From Creditor
The National Company Law Tribunal (NCLT) on Monday issued notice to debt-ridden air carrier SpiceJet over the plea filed by one of its operational creditors.
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Adani Group Seeks Competition Commission's Nod To Acquire Jaiprakash Associates
Billionaire Gautam Adani-promoted Adani group on Tuesday sought approval from the Competition Commission of India (CCI) to acquire Jaiprakash Associates Ltd.
-
'CBI To Probe Anil Ambani's SBI Fraud Case': Centre To Lok Sabha
State Bank of India has classified Reliance Communications along with promoter director Anil D Ambani as 'fraud' and is also in the process of lodging complaint with CBI, Parliament was informed on Monday.
-
Adani Power Completes 600MW Vidarbha Unit, Capacity Reaches 18,150 MW
Adani Power Ltd (APL) on Tuesday said it has successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd (VIPL) for Rs 4,000 crore.
-
UK Bolsters Web3 Investigations, Appoints First Crypto Intelligence Specialist to Insolvency Service
The UK government appointed Andrew Small as the first crypto specialist in the Insolvency Service, which is responsible for the recovery and tracing assets linked to bankrupt individuals or liquidated companies. In the past five years, the number of insolvency cases involving crypto as a recoverable asset have clocked a massive increase of 420 perc...
-
Bajaj Auto Secures Rs. 5,431 Crore Loan to Support KTM AG's Restructuring Efforts
Bajaj Auto International Holdings BV will secure a loan of up to 566 million Euros or Rs. 5,431 crore for KTM AG's insolvency plan.
-
Law Tribunal Dismisses Insolvency Plea Against PepsiCo India
The National Company Law Appellate Tribunal (NCLAT) has dismissed an insolvency petition against PepsiCo India Holdings after observing that provisions of IBC cannot be turned into a debt-recovery proceeding.
-
Ola Electric Arm Settles Dues with Vehicle Registration Service Provider
Earlier this month, Rosmerta Digital Services Ltd had sought to initiate insolvency proceedings against Ola Electric Technologies Pvt Ltd. On Tuesday, March 25 Ola said it has amicably settled all dues with its former vehicle registration service provider.
-
Ola Electric’s Unit Faces Two Insolvency Pleas Over Vendor Dues
Ola faces insolvency pleas from Rosmerta Digital Services Pvt. and Rosmerta Safety Systems — suppliers of vehicle registration services and high-security registration plates respectively. Ola said it strongly disputes the claims and is seeking legal advice on the matter.
-
Ola Electric Shares Drop Over 7% Amid Insolvency Petition; Hit 52-Week Low
Shares of Ola Electric Mobility Ltd tanked after the firm said its vehicle registration service provider Rosmerta Digital Services Ltd has sought the initiation of insolvency proceedings against its wholly-owned arm Ola Electric Technologies Pvt Ltd.
-
NCLT Recalls Insolvency Order Against Logix Infra Over 'Fraudulent' Intentions
NCLT has recalled and set aside its own order directing insolvency proceedings against realty firm Logix Infrastructure in July 2023, saying the plea was initiated with "fraudulent and mala fide intentions" and a collusive petition was filed.
-
How String Of Tragedies Turned A Family's Home Dream Into Fight For Justice
Houses are built of bricks and mortar, but homes are made of dreams. For one family in Noida, a string of tragedies turned the search for a home into a long wait for justice.
-
Top Court Reverses Tribunal Order On Byju's- BCCI Rs 158 Crore Settlement
The Supreme Court on Wednesday set aside National Company Law Appellate Tribunal's verdict that had stopped insolvency proceedings against embattled ed-tech firm Byju's.
-
"Byju's Worth Zero," Says Founder Of India's Once Biggest Startup
Byju Raveendran, the founder of what was once India's biggest start-up, Byju's, said he overestimated the growth potential of his education-technology company which is now "worth zero" as it faces insolvency, but remains hopeful of rescuing it.
-
'You Have Rs 15,000 Crore Due Why Only Settle BCCI's': Supreme Court To Byju's
The Supreme Court has questioned whycrisis-hit ed-tech major Byju's chose to settle its dues only with the BCCI despite beingin Rs 15,000 crore debt.
-
SpiceJet Gets Notice From Law Tribunal Over Insolvency Plea From Creditor
The National Company Law Tribunal (NCLT) on Monday issued notice to debt-ridden air carrier SpiceJet over the plea filed by one of its operational creditors.
