NCLT Admits India Steel Works For Insolvency Resolution

COJ News Desk | 10 May 2024

Stecol International sought initiation of insolvency resolution process against the listed steelmaker alleging a default of 2.6 crore rupees


Sapphire Media Gets NCLT Nod To Acquire Reliance Broadcast Network

Staff Reporter | 7 May 2024

Sapphire Media’s resolution plan proposes to pay 261 crore rupees ($31 million) to Reliance Broadcast Network’s creditors


Heubach Colorants Sister Concern Files For Insolvency In Germany

COJ News Desk | 23 April 2024

Heubach GmbH also applies for the jurisdiction of the Braunschweig insolvency court as the group court


NCLT Admits BGR Energy Systems For Insolvency Resolution

Staff Reporter | 6 April 2024

The development came after RDC Concrete India sought action against BGR Energy Systems, claiming a default of 7.20 crore rupees


NCLT Admits Personal Insolvency Plea Against DHFL’s Ex-Promoter Dheeraj Wadhawan

Staff Reporter | 26 March 2024

Dheeraj Wadhawan had provided a personal guarantee on the loans availed by DHFL from Union Bank of India


NCLT Admits World’s Largest Fantasy Sports Platform’s Owner For Insolvency Resolution

Staff Reporter | 13 February 2024

NCLT admits operational creditor Reward Business Solutions’ insolvency petition against Sporta Technologies


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Religare Enterprises Dodges Insolvency On ‘Corporate Debtor’ Definition

Special Correspondent | 17 July 2023

NCLT says corporate debtor Religare does not come within the meaning of ""corporate person"" and therefore, it is unable to accept Ligare's CIRP plea


Go Airlines’ Bankruptcy Creates New Headache For NCLT

Staff Reporter | 5 July 2023

The bankrupt carrier’s distressed ticket holders bombard the NCLT with refund claims


NCLT Admits Ex-employee’s Insolvency Petition Against Quant Capital

Staff Reporter | 26 January 2023

Sumeet Arora filed the insolvency plea against Quant Capital over outstanding dues


Women Participation As Insolvency Professionals Abysmally Low - IBBI Data

Special Correspondent | 26 November 2022

IBBI data shows that out of total 4,175 registered professionals, women’s share stood at less than 10%