RBI Files Insolvency Petition Against Aviom India Housing Finance
Staff Reporter | 30 January 2025The development comes after the central bank recently superseded Aviom India’s board owing to governance concerns and defaults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 2025NCLT 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 2025Outsourcing 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 2024The 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 2024Institute 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 2024The insolvency regulator seeks public comments on its discussion paper by 27 November to make necessary amendments in the regulations
IBBI Proposes Mediation Option For Operational Creditors Before NCLT Process
Staff Reporter | 6 November 2024The 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 2024The 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 2024NCLAT 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 2024The 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 2024The 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 2024The clarification came after NFRA observed gross negligence and audit failure in audits of group financial statements involving various companies
India Forms Special Team To Address Stakeholders' Concerns On MCA-21 Portal
Staff Reporter | 25 September 2024Ministry 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 2024The 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 2024The 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 2024Finance 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 2024A 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 2024National Company Law Tribunal will hear the matters on 4 July