Bajaj Hindusthan Sugar plunges 17% after SBI's insolvency plea
SBI as a financial creditor has filed the petition at the Allahabad bench of the NCLT under the Insolvency and Bankruptcy Code
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NCLT orders insolvency proceedings against Future Retail
NCLT has appointed Vijaykumar V Iyer of Deloitte India Insolvency Professionals LLP as the interim resolution professional for the insolvency proceedings against Future Retail.
Future shareholders vote on ₹24,713-cr Reliance Retail deal
Another meeting with secured and unsecured creditors of the listed Future Group companies is scheduled for today.
Bank of India drags Future Retail to bankruptcy court
The lender’s move to seek insolvency proceedings against the embattled retailer is likely to affect its ₹24,713 crore asset sale deal with Reliance Industries.
NCLT declares Supertech insolvent; what’s the future of 25,000 homebuyers
The NCLT has appointed Hitesh Goel as the insolvency resolution professional, who is expected to kickstart the corporate insolvency resolution process soon
Jet 2.0: Turbulence ahead
When the National Company Law Tribunal approved the revival of the erstwhile Jet Airways, a new chapter in India’s aviation sector got scripted. But will the airline fly again?
Why ex-promoters are stuck on their bankrupt firms
Ever since India’s bankruptcy law came into being, several businessmen have sprung up with ‘eye-popping’ offers for their fallen stars at the risk of delaying the insolvency process.
Reprieve for DHFL’s small fixed deposit holders
Lenders decide to pay FD depositors holding up to ₹2 lakh the full amount while other depositors will face the distribution mechanism.
Jet 2.0: Flight of fancy
While the Jet 2.0 programme is aimed at reviving the past glory of Jet Airways, the airline's new investors need to have the appetite for losses and commitment to investing top dollar. Will they?
Tata says Mistry damaged the group’s reputation
The group’s patriarch has now joined the fight between Tata Sons and Cyrus Mistry, and filed a petition in the Supreme Court seeking a stay on the NCLAT order to reinstate Mistry.
