Category: News of interest

The exit of independent directors from India Inc. boards has gained momentum, with the number more than doubling in the first six months of this financial year.

The debt-ridden telecom industry, looking for financial relief from the government, has got a two-year moratorium in making payments for past spectrum auctions. The Union Cabinet on

The Supreme Court judgment in the Essar Steel case has restored the primacy of the committee of creditors (CoC), settling the contentious issue of the

Workers in Videocon’s largest plant in Aurangabad, Maharashtra roamed the streets during Diwali days to collect alms worth Rs 721 to send to former owner

Two- and-a-half years after the Indian central bank took the highly unusual step of directing banks to put 12 large corporate debtors into bankruptcy, the

Lenders of Jaypee InfratechNSE 4.17 %‘s on Monday discussed the bids submitted by NBCCNSE 1.74 % Ltd and Suraksha Realty to acquire the debt-ridden firm in an insolvency process, and decided to

The government is looking to address concerns over the Enforcement Directorate’s decision to attach properties of Bhushan Power and Steel, raising questions over its resolution under

The Supreme Court judgement on the Essar Steel case has clearly laid down the roles of the committee of creditors (CoC) and the adjudicating authority, and accepted

In an unusual development, buyers in the Lotus Panache project have sought the immediate removal of the two National Company Law Tribunal (NCLT)-appointed insolvency professionals over their “lack of transparency” in

On a plea of Andhra Bank, the Mumbai bench of the National Company law Tribunal (NCLT) admitted corporate insolvency resolution process (CIRP) against Sterling Biotech

Even as economic slowdown and rising unemployment rates are likely to be flash points between the Opposition and treasury benches in the Winter session of

The government last week came up with an interim framework for resolving financial stress in financial service providers (FSPs) through a structured resolution and liquidation

The National Company Law Appellate Tribunal (NCLAT) has rejected the plea of beverages giant Pepsico India Holdings seeking release its machinery from Oceanic Tropical Fruits, which is

Following Techno Electric & Engineering’s appeal at the National Company Law Tribunal (NCLT)’s Kolkata Bench to initiate insolvency proceedings against McLeod Russel, a bank has

The cumulative share of operational creditors in companies admitted under Insolvency and Bankruptcy Code (IBC) has reduced to 48 per cent at the end of Q2 from 50 per

Markets regulator Sebi on Monday disposed of adjudicating proceedings initiated against ABG Shipyard, for allegedly not making requisite disclosure under the Listing norms, as the company is under

Prompt course corrections have been done to the insolvency law to address the needs of stakeholders, IBBI chief M S Sahoo said on Monday as