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  • SBI initiates insolvency proceedings against Bajaj Hindusthan Sugar Aug 16, 2022 05:45 PM IST

    SBI initiates insolvency proceedings against Bajaj Hindusthan Sugar

    The petition has been filed at the Allahabad bench of the National Company Law Tribunal, an exchange filing said

  • Sanskar Projects and Housing taken to NCLT over default Aug 09, 2022 08:27 PM IST

    Sanskar Projects and Housing taken to NCLT over default

    Financial creditor Realpro Realty Solutions slaps Section 7 of Insolvency and Bankruptcy Code on the realtor which constructs builder flats in Delhi for Rs 5-crore default

  • Explained | NCLT orders insolvency proceedings against Future Retail: Five key questions answered Jul 20, 2022 06:05 PM IST

    Explained | NCLT orders insolvency proceedings against Future Retail: Five key questions answered

    With the NCLT order, banks can now formally initiate insolvency proceedings against Future Retail and try to recover the more than Rs 5,300 crore owed to them.

  • NCLT initiates insolvency proceedings against Future Retail Jul 20, 2022 03:09 PM IST

    NCLT initiates insolvency proceedings against Future Retail

    Vijaykumar V Iyer of Deloitte will be appointed as the interim resolution professional of Future Retail, the NCLT has said

  • Government, RBI measures help banks recover bad loans worth over Rs 8.6 lakh crore in last 8 fiscal years Jul 18, 2022 05:02 PM IST

    Government, RBI measures help banks recover bad loans worth over Rs 8.6 lakh crore in last 8 fiscal years

    Minister of State for Finance Bhagwat Karad in a written reply to the Lok Sabha said the occurrence of non-performing assets (NPAs) is normal, although an undesirable, corollary to the business of banking.

  • Bankers, IBC experts cheer proposal for part-resolution of assets Jun 29, 2022 04:04 PM IST

    Bankers, IBC experts cheer proposal for part-resolution of assets

    IBBI has proposed that the resolution professional and CoC can explore resolutions of part of the assets or businesses by allowing the submission of different resolution plans for them

  • NCLT reserves order on initiating insolvency proceedings against Future Retail Jun 27, 2022 04:33 PM IST

    NCLT reserves order on initiating insolvency proceedings against Future Retail

    A consortium of lenders, led by Bank of India, filed the insolvency application on April 14, seeking claims of Rs 5,322.32 crore from Future Retail as of March 31

  • Bank of India says Future Retail’s insolvency petition “fully and wholly” satisfies parameters Jun 22, 2022 05:21 PM IST

    Bank of India says Future Retail’s insolvency petition “fully and wholly” satisfies parameters

    Bank of India on April 14 filed insolvency proceedings against Future Retail for non-payment of dues. Future Retail owes banks Rs 5,322.32 crore as of March 31, according to Bank of India’s petition in the NCLT.

  • Future Retail says not wilful defaulter, resists insolvency plea by Bank of India Jun 21, 2022 05:36 PM IST

    Future Retail says not wilful defaulter, resists insolvency plea by Bank of India

    Future Retail’s counsel also alleged that there was a refusal on part of banks to take control of assets, in order to reduce, if not extinguish, the debt that was owed.

  • Bank of India’s insolvency petition against Future Retail ‘malicious,’ says Amazon Jun 20, 2022 05:52 PM IST

    Bank of India’s insolvency petition against Future Retail ‘malicious,’ says Amazon

    Bank of India on April 14 filed insolvency proceedings against Future Retail for non-payment of dues. Future Retail owes banks Rs 5,322.32 crore as of March 31, according to Bank of India’s petition in the NCLT. Lenders to the company include Union Bank of India, State Bank of India, Bank of Baroda and IDBI Bank.

  • Supreme Court’s decision on Siva Industries may set a good precedent for IBC cases, experts say Jun 06, 2022 05:21 PM IST

    Supreme Court’s decision on Siva Industries may set a good precedent for IBC cases, experts say

    The court’s June 3 order will give more power to lenders and ensure speedy recovery in cases under the bankruptcy court, according to bankers and legal experts

  • NCLT to hear Amazon’s petition not to initiate IBC proceedings against Future Retail Jun 06, 2022 05:03 PM IST

    NCLT to hear Amazon’s petition not to initiate IBC proceedings against Future Retail

    This is the third time that the court delayed admission of insolvency proceedings against the debt-laden retailer. The case is adjourned for June 10.

  • Moneycontrol Selects: Top stories this evening Jun 02, 2022 07:08 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles of the day will help you stay at the top of your game.

  • NCLT admits insolvency plea against National Textile Corporation May 27, 2022 07:22 PM IST

    NCLT admits insolvency plea against National Textile Corporation

    National Textile Corporation defaulted in its payment of dues to an operational creditor, leading to the NCLT admitting the creditor's petition for initiating corporate insolvency resolution proceedings.

  • Tulip Infratech to develop stuck project of Vipul Ltd, to invest Rs 4,000 crore over seven years May 27, 2022 12:57 PM IST

    Tulip Infratech to develop stuck project of Vipul Ltd, to invest Rs 4,000 crore over seven years

    Insolvency proceedings against Vipul Ltd were withdrawn in 2020 and Tulip Infratech took over the incomplete mixed-use project in 2021

  • Supertech Insolvency case | Lender rejects builder's offer; here're the details May 25, 2022 10:08 PM IST

    Supertech Insolvency case | Lender rejects builder's offer; here're the details

    The matter will now be heard on June 1, 2022 to decide the further course of action.

  • NCLT allows ICICI Pru Venture Capital to withdraw insolvency proceedings against ATS group firm May 25, 2022 03:47 PM IST

    NCLT allows ICICI Pru Venture Capital to withdraw insolvency proceedings against ATS group firm

    The dispute relates to a Rs 75 crore loan by ICICI Pru Venture to the Noida-based developer. The National Company Law Appellate Tribunal had earlier stayed the insolvency proceedings initiated by NCLT in March 2022.

  • SC clarifies that NOIDA is not a financial but an operational creditor May 19, 2022 10:32 AM IST

    SC clarifies that NOIDA is not a financial but an operational creditor

    While some legal experts say that the apex court’s decision is a shot in the arm for homebuyers, who will now have a greater say in the insolvency resolution of a distressed real estate company, others point out that it is only half the battle won

  • Union Bank of India asks Supertech to deposit Rs 75 crore as upfront payment for considering one-time dues settlement May 18, 2022 10:21 PM IST

    Union Bank of India asks Supertech to deposit Rs 75 crore as upfront payment for considering one-time dues settlement

    NCLAT orders to list the appeal on May 23 and says its interim order staying formation of Committee of Creditors would continue till then.

  • NCLT delays admission of insolvency proceedings against Future Retail May 12, 2022 06:17 PM IST

    NCLT delays admission of insolvency proceedings against Future Retail

    This is the second time that the court delayed admission of insolvency proceedings against the debt-laden retailer. The court will now hear the case next on June 6.

  • Insolvent Sri Lanka should cancel its central bank Apr 29, 2022 10:19 AM IST

    Insolvent Sri Lanka should cancel its central bank

    A currency board may be a better fit for the country as it navigates a perilous financial future

  • NCLT to hear Bank of India’s plea to admit Future Retail under insolvency on May 12 Apr 28, 2022 04:27 PM IST

    NCLT to hear Bank of India’s plea to admit Future Retail under insolvency on May 12

    Bank of India on April 14 had filed insolvency proceedings against Future Retail for non-payment of dues

  • Supertech insolvency case posted for May 2; interim orders to continue Apr 19, 2022 02:13 PM IST

    Supertech insolvency case posted for May 2; interim orders to continue

    Supertech has informed the NCLAT that it is settling its dues to Union Bank of India and is in discussions with the bank.

  • Non-payment of dues | NCLAT stays constitution of CoC in ATS group company-ICICI Prudential Venture matter Apr 12, 2022 04:34 PM IST

    Non-payment of dues | NCLAT stays constitution of CoC in ATS group company-ICICI Prudential Venture matter

    The NCLAT order said that any rejoinder may be filed within two weeks and listed the appeal on May 11, 2022.

  • Supertech insolvency case: NCLAT stays constitution of Committee of Creditors until April 19 Apr 12, 2022 12:09 PM IST

    Supertech insolvency case: NCLAT stays constitution of Committee of Creditors until April 19

    On March 25, Supertech had said that it will be approaching NCLAT in appeal against the NCLT order.

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