Category : Search result: NCLT insolvency

Aakash's ₹250-Crore Rights Issue Hits FEMA Hurdle as Byju's Parent's ₹25 Crore Stuck

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.

Real Estate Bankruptcy Reforms Delayed, Separate from Upcoming IBC Amendments

Realty IBC Reforms Pushed to Later Phase

Government to introduce corporate IBC amendments first, delaying structural reforms for homebuyers and stuck projects. Key changes for real estate require further consultation. #IBC #RealEstate

ED Cracks Down on IBC Misuse: Lalu's Aide Arrested in Bid Rigging Scandal

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 Empire Crumbles Under ₹57,000 Crore Debt

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.

India's IBC Set for Major Reforms in December Parliament Session

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.

PSU Bank Chiefs to Personally Monitor Top 20 NCLT Cases for Swift Resolution

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.

10 Key Bills in Winter Session: Nuclear Energy, Higher Education Reform

10 Bills for Parliament Winter Session 2025

Indian government lists 10 crucial bills for Winter Session including Atomic Energy Bill 2025 and Higher Education Commission Bill. Key reforms in nuclear sector, education, and economy await parliamentary approval.

India Plans Tower-Level Insolvency to Protect Homebuyers from Delays

Govt mulls tower-level insolvency for homebuyers

Indian government and IBBI are developing a tailored real estate insolvency framework focusing on project or tower-level resolutions to protect homebuyers from construction delays. Learn how this new approach could transform the housing sector.

IBBI Proposes New Valuation Format to Reduce Bankruptcy Litigation

IBBI's New Valuation Format Aims to Cut Litigation

IBBI introduces standardized valuation format for distressed assets to enhance transparency and reduce lawsuits. Public feedback accepted until December 10. Learn how this impacts creditors.

Adani Wins Bid for Jaiprakash Associates With ₹14,500 Cr Resolution Plan

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 $1.53 Billion Jaiprakash Takeover with Creditor Approval

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.

ICAI Proposes Crucial IBC Reforms: Key Changes Suggested to Parliament Panel

ICAI Proposes IBC Reforms to Parliament Panel

The Institute of Chartered Accountants of India submits comprehensive recommendations for Insolvency and Bankruptcy Code amendments to strengthen corporate resolution framework.

Supreme Court Delivers Landmark Ruling: Aircel's Spectrum Can Be Transferred During Insolvency

SC Allows Spectrum Transfer in Aircel Insolvency Case

In a groundbreaking verdict, India's Supreme Court clears the path for telecom spectrum transfer during corporate insolvency, providing major relief to stressed telecom companies and reshaping the industry's future.

India's Ease of Business Boost: Environment Clearance Shield for Stressed Assets Gets Nod

Environment Clearance Shield for Stressed Assets Approved

In a landmark move to boost India's ease of business, the government has approved a mechanism protecting environment clearances during NCLT-led insolvency, preventing stressed projects from restarting approval processes.

NCLAT Halts Insolvency Proceedings Against BYJU'S Aakash Institute in Major Relief for Edtech Giant

NCLAT Stays Insolvency Against BYJU'S Aakash Institute

In a significant legal victory, NCLAT stays insolvency proceedings against BYJU'S-owned Aakash Institute, providing breathing space for the embattled edtech company amidst ongoing financial challenges.

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