Insolvency
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What The Collapse Of Market Financial Solutions Means For Global Economy
Market Financial Solutions (MFS), a London-based bridge lender, entered insolvency on Feb. 25 amid fraud allegations.
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In Setback To Vedanta, Law Tribunal Rejects Plea Against Adani In JAL Case
Vedanta had challenged the approval of Adani Group's resolution plan by the Committee of Creditors (CoC) in the Jaiprakash Associates insolvency case, contending that its own proposal offered significantly higher value to lenders.
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In Setback To Vedanta, Top Court Refuses To Interfere With Order Allowing Adani To Acquire JAL
The Supreme Court noted that the insolvency proceedings are already listed for final hearing before the National Company Law Appellate Tribunal (NCLAT) on April 10, and therefore found no reason to intervene at this stage.
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Anil Ambani, RCom's Loan Accounts Declared 'Fraud' By Bank Of Baroda
In a significant step, Bank of Baroda, one of India's leading public sector banks, has declared the loan accounts of Reliance Communications Ltd. (RCom) and its erstwhile Director, Anil Ambani, as 'fraud', according to an exchange filing.
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Crisis-Hit Supertech Gives Possession Of 6,000 Flats But 15,000 Buyers Still Stuck
Crisis-hit realty firm Supertech Ltd, which is facing insolvency proceedings, has given possession of 6,121 apartments to its customers over the last three years across various housing projects, according to RK Arora, a former director.
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Out-Of-Court Mechanism Proposed In Bankruptcy Law Amendment Bill
Finance Minister Nirmala Sitharaman has proposed an "out-of-court initiation mechanism" for genuine business failures in the Insolvency and Bankruptcy Code (Amendment) Bill, 2025.
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Centre Introduces Bill To Amend Insolvency Law In Lok Sabha
Finance Minister Nirmala Sitharaman introduced a bill in the Lok Sabha to amend the insolvency law.
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Top Court Recalls Orders For Liquidation Of Bhushan Steel And Power Limited
The Supreme Court on Thursday recalled its May 2 verdict, which had ordered the liquidation of Bhushan Steel and Power Limited (BSPL).
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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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What The Collapse Of Market Financial Solutions Means For Global Economy
Market Financial Solutions (MFS), a London-based bridge lender, entered insolvency on Feb. 25 amid fraud allegations.
-
In Setback To Vedanta, Law Tribunal Rejects Plea Against Adani In JAL Case
Vedanta had challenged the approval of Adani Group's resolution plan by the Committee of Creditors (CoC) in the Jaiprakash Associates insolvency case, contending that its own proposal offered significantly higher value to lenders.
-
In Setback To Vedanta, Top Court Refuses To Interfere With Order Allowing Adani To Acquire JAL
The Supreme Court noted that the insolvency proceedings are already listed for final hearing before the National Company Law Appellate Tribunal (NCLAT) on April 10, and therefore found no reason to intervene at this stage.
-
Anil Ambani, RCom's Loan Accounts Declared 'Fraud' By Bank Of Baroda
In a significant step, Bank of Baroda, one of India's leading public sector banks, has declared the loan accounts of Reliance Communications Ltd. (RCom) and its erstwhile Director, Anil Ambani, as 'fraud', according to an exchange filing.
-
Crisis-Hit Supertech Gives Possession Of 6,000 Flats But 15,000 Buyers Still Stuck
Crisis-hit realty firm Supertech Ltd, which is facing insolvency proceedings, has given possession of 6,121 apartments to its customers over the last three years across various housing projects, according to RK Arora, a former director.
-
Out-Of-Court Mechanism Proposed In Bankruptcy Law Amendment Bill
Finance Minister Nirmala Sitharaman has proposed an "out-of-court initiation mechanism" for genuine business failures in the Insolvency and Bankruptcy Code (Amendment) Bill, 2025.
-
Centre Introduces Bill To Amend Insolvency Law In Lok Sabha
Finance Minister Nirmala Sitharaman introduced a bill in the Lok Sabha to amend the insolvency law.
-
Top Court Recalls Orders For Liquidation Of Bhushan Steel And Power Limited
The Supreme Court on Thursday recalled its May 2 verdict, which had ordered the liquidation of Bhushan Steel and Power Limited (BSPL).
-
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.
