IBBI proposes tighter safeguards for personal guarantors in insolvency cases
The Insolvency and Bankruptcy Board of India (IBBI) has proposed tighter safeguards in the insolvency resolution process for personal guarantors...
Shakti Bhog Foods factory reserve price cut 23% as Delhi property book returns to auction at ₹40 crore
The liquidator of Shakti Bhog Foods Limited has issued a fresh e-auction notice for the collapsed flour major's Delhi property...
NCLT approves Fincare Enterprises Rs 7.43-cr plan for Central Departmental Stores
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved a Rs 7.43 crore resolution plan submitted by...
Resolution applicants invited for Jaisalmer’s Hotel Jaisalkot; EOIs close September 21
Expressions of interest have been invited for Girivar Hotel and Resort Private Limited, which owns and operates the 50-room luxury...
OSIL Exports assets, guarantor’s Panipat land put up for Rs 117.64-crore e-auction
Assets of debt-laden OSIL Exports Ltd, along with land belonging to the late company promoter and personal guarantor Krishan Kumar...
NCLT clears Rs 1,611-crore Shree Naman plan for Gstaad Hotels; secured lenders to recover 138.7% of claims
The Mumbai bench of the National Company Law Tribunal has approved a Rs 1,611-crore resolution plan submitted by Shree Naman...
Why Adani is fighting to keep IVRCL’s IOT Utkal stake out of liquidation
IOT Utkal Energy Services Ltd is an SPV incorporated in 2009 to set up crude and product storage facilities on...
CBI books Subhash Chandra, four firms over alleged ₹1,322-crore loan fraud at LIC Housing Finance
The Central Bureau of Investigation has booked Essel Group promoter Subhash Chandra and four borrower companies for allegedly orchestrating a...
Ushdev International returns to auction desk with ₹132-crore asset pool; Uttam Galva Ferrous stake is three-fourths of the block
The liquidator of Ushdev International Ltd has called a fresh e-auction of the failed metals trader's liquidation estate, offering nine...
Seven years, five auctions, two defaulting bidders: How IBC failed IVRCL Ltd
On September 17, the liquidator of IVRCL Limited will try for the fifth time to sell the Hyderabad infrastructure company...