RBI Files Insolvency Petition Against Aviom India Housing Finance

Staff Reporter | 30 January 2025

The development comes after the central bank recently superseded Aviom India’s board owing to governance concerns and defaults


Go Airlines (India) Flies Into Liquidation

Staff Reporter | 20 January 2025

NCLT orders liquidation of bankrupt carrier, which operated ultra-low-cost airline Go First, and appoints Dinkar Venkatasubramanian as the liquidator


India’s Busiest NCLT Bench Staff Strike Over Salary Delays

Staff Reporter | 14 January 2025

Outsourcing and contractual staff at NCLT’s Mumbai bench demand immediate release of their December salary and a long-overdue salary revision


Adani Group Dismisses Bribery, Fraud Charges In US; To Seek Legal Recourse

Staff Reporter | 21 November 2024

The conglomerate says US Department of Justice and Securities & Exchange Commission’s allegations against Adani Green Energy’s directors are basel


India Audit Regulator Recommends Revision In Quality & Auditing Standards

Staff Reporter | 13 November 2024

Institute of Chartered Accountants of India expresses disagreement over these revised standards, which will become effective from 1 April 2026


IBBI Proposes Measures To Improve Real Estate Insolvency Resolution

Staff Reporter | 8 November 2024

The insolvency regulator seeks public comments on its discussion paper by 27 November to make necessary amendments in the regulations


Banner

IBBI Proposes Mediation Option For Operational Creditors Before NCLT Process

Staff Reporter | 6 November 2024

The proposal aims to reduce the burden on the adjudicating authority and expedite insolvency admissions


IBBI Asks Liquidators To List Asset Details On Centralized e-Auction Platform

Staff Reporter | 31 October 2024

The insolvency regulator partners with Indian Banks’ Association to facilitate auction of assets through eBKray platform to boost liquidation value


GTL Insolvency: NCLT To Hear Canara Bank’s Petition Afresh

Staff Reporter | 29 October 2024

NCLAT sends the case back to the bankruptcy court for fresh consideration


JM Financial Says RBI Removes Business Restrictions On Key Subsidiary

COJ News Desk | 19 October 2024

The central bank in March ordered JM Financial Products to stop doing financing against shares and debentures after finding serious deficiencies


India Seeks Feedback On Draft Arbitration & Conciliation (Amendment) Bill

Staff Reporter | 19 October 2024

The amendments aim to provide further boost to institutional arbitration, reduce court intervention and ensure timely conclusion of proceedings


India Audit Regulator Says Principal Auditors Responsible For Group Audits

Staff Reporter | 5 October 2024

The clarification came after NFRA observed gross negligence and audit failure in audits of group financial statements involving various companies


Banner

India Forms Special Team To Address Stakeholders' Concerns On MCA-21 Portal

Staff Reporter | 25 September 2024

Ministry of Corporate Affairs constitutes a special team as a further measure to resolve issues of urgent nature


IIFL Finance Says RBI Removes Restrictions On Gold Loan Business

Staff Reporter | 20 September 2024

The central bank’s decision allows the non-bank lender to resume its gold loan business


NCLAT Orders To Maintain Status Quo On Coastal Energen Resolution

Special Correspondent | 6 September 2024

The development comes after former director Ahmed Buhari challenges NCLT’s approval for resolution plan of Dickey Alternative-Adani Power consortium


India To Set Up Integrated Technology Platform To Improve IBC Ecosystem

Staff Reporter | 23 July 2024

Finance Minister Nirmala Sitharaman also proposes to set up additional tribunals to speed up insolvency resolution


NCLT Allows Zee To Withdraw Merger Implementation Plea With Sony Units

Staff Reporter | 24 June 2024

A division bench of Lakshmi Gurung and Charanjeet Singh Gulati allowed an application filed by Zee Group to withdraw from the proposed merger


NCLT Puts Brake On Byju’s Second Rights Issue; Orders Status Quo On Shareholding

Staff Reporter | 14 June 2024

National Company Law Tribunal will hear the matters on 4 July