Category : Search result: NCLT corporate news


Aakash Rights Issue Stalled Over Byju's FEMA Compliance Issue

Aakash Educational Services halts ₹25 crore from Byju's parent in its crucial ₹250-crore rights issue over FEMA, ECB violations. The dispute threatens the fundraise amid leadership churn and insolvency battles. Read the full analysis.

ED Uncovers IBC Misuse, Bid Rigging in NCLT Cases

Enforcement Directorate exposes manipulation of insolvency process, arrests Lalu Prasad Yadav's aide Amit Katyal. Crucial evidence of bid rigging and ₹50 lakh cash seized in nationwide probe.

Jaiprakash Gaur's Legacy Ends in Bankruptcy

At 94, Jaiprakash Gaur watches his life's work collapse as NCLT admits Jaiprakash Associates into insolvency. Read about his rags-to-riches story and ultimate downfall.

Corporate America Q3 2023 Performance Analysis

Corporate America shows resilience in Q3 2023 with strong earnings despite economic challenges. Discover key trends, sector performance, and future outlook for US companies.

IBC Reforms: Biggest Changes in 9 Years Coming

India's Insolvency and Bankruptcy Code undergoes major reforms with cross-border insolvency and faster debt resolution. Parliament to consider revised bill in December session.

Infosys Buyback: 826M Shares Tendered, Promoters Skip

Infosys buyback offer closed with overwhelming response as 82.6 crore shares tendered against 10 crore target. Institutional investors led participation while promoters stayed out. Discover key details.

Bank Chiefs to Monitor Top NCLT Cases Personally

Public sector bank CEOs must personally oversee top 20 pending NCLT cases and 10 resolution accounts. DFS Secretary Nagaraju urges swift action for better recoveries through IBC ecosystem.

Adani Wins Bid for Bankrupt Jaiprakash Associates

Gautam Adani's Adani Enterprises secures creditors' approval to take over bankrupt Jaiprakash Associates, gaining assets worth ₹35,000 crore across cement, power and hospitality sectors.

Adani wins $1.53bn Jaiprakash takeover bid

Adani Enterprises secures creditor approval for $1.53 billion Jaiprakash Associates acquisition, beating Vedanta's higher offer with better payment terms. Key details inside.

Page 1 of 4