Insolvency News - Latest Updates & Headlines
NCLAT dismisses Byju's settlement plea, upholds insolvency
Chennai, April 18: The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals filed by the BCCI and Riju Raveendran, brother of Byju Raveendran, seeking withdrawal of insolvency proceedings against Byju's and to consider the settlement between the beleaguered edtech company and the BCCI.
NCLAT dismisses IDBI Bank's insolvency plea against Zee Entertainment
New Delhi, April 7: The National Company Law Appellate Tribunal (NCLAT) on Monday dismissed IDBI Bank’s petition to start insolvency proceedings against Zee Entertainment Enterprises Limited (ZEEL).
Adani, Patanjali among 26 firms in race to acquire Jaiprakash Associates
New Delhi, April 6: Billionaire Gautam Adani’s group and FMCG major Patanjali Ayurveda are among 26 companies that have shown interest in acquiring debt-laden Jaiprakash Associates Limited (JAL), which is currently undergoing insolvency proceedings.
Ola Electric shares sink over 70 pc from peak after insolvency petition against subsidiary
Mumbai, March 17: Shares of Ola Electric Mobility Limited tumbled 7.23 per cent, or Rs 3.65, on Monday, hitting a record low of Rs 46.86 on the National Stock Exchange (NSE).
Adani Power gets Letter of Intent to acquire Vidarbha Industries Power
New Delhi, Feb 24: Adani Power Limited (APL) on Monday said it has received a Letter of Intent (LOI) to acquire Vidarbha Industries Power Limited.
Experts highlight success of IBC in resolving distressed real estate projects
New Delhi, Feb 19: The Post Graduate Insolvency Programme (PGIP), Indian Institute of Corporate Affairs organised a conclave on Wednesday at Manesar on the outskirts of the national capital, highlighting the success of the new Insolvency and Bankruptcy Code (IBC) in shaping the successful resolution of distressed assets in the real estate sector.