The NCLT's Mumbai bench passed the order recently based on a petition filed by Invent Assets Securitisation & Reconstruction Pvt Ltd, which is RHFL's financial creditor.
The National Company Law Tribunal (NCLT) admitted embattled ed-tech company Byju's parent company 'Think and Learn Pvt Limited' to insolvency resolution process in a plea filed by the Board of Control for Cricket in India (BCCI).
Haryana Chief Minister Manohar Lal Khattar on Friday asked Union Finance Minister Nirmala Sitharaman to give a special economic package to the state as 14 districts are included in the National Capital Region (NCR).
Reliance Power, in a stock exchange disclosure, has informed that the Piramal Capital and Housing Finance has withdrawn the application made against Reliance Power Ltd. under section 7 of the Insolvency and Bankruptcy Code 2016.
Regulations require the interim resolution professional to offer a choice of three Insolvency Professionals (IP) in the public announcement, and the creditors in a class to choose one of them to act as their authorised representative.
Anil Ambani along with four directors -- Ryna Karani, Chhaya Virani, Manjari Kacker and Suresh Rangachar -- had resigned from the company earlier this month.
The cash-strapped company became the first domestic airliner to go into bankruptcy after the NCLT admitted an insolvency petition filed by SBI on behalf of 26 lenders on June 20.
Promoters of steel companies undergoing resolution under the bankruptcy code were keen to bid for assets but will not be…
The ordinance to amend the insolvency and bankruptcy code that will bar defaulters from bidding for the stressed assets has…
