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


Credit Risk To Rise Amid Cyberattacks On Larger Companies - Moody's

Staff Reporter | 10 December 2024

Moody's says cyber risk will intensify next year as attackers switch tactics in response to better corporate cyber defenses


NCLT Admits Personal Insolvency Plea Against MT Educare Founder Mahesh Shetty

Special Correspondent | 13 June 2024

Mahesh Shetty was a personal guarantor against loan given to MT Educare, formerly known as Mahesh Tutorials


NCLT Admits SBI’s Personal Insolvency Plea Against Videocon’s Rajkumar Dhoot

Staff Reporter | 5 June 2024

State Bank of India initiated insolvency process against guarantor Rajkumar Dhoot for recovery of around 5,354 crore rupees ($641 million)


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


India Bankruptcy Regulator Cancels Insolvency Professional’s Registration

Special Correspondent | 21 November 2023

IBBI’s Disciplinary Committee cancels registration of insolvency professional Vineet Aggarwal for failing to discharge his duties on multiple counts


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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


Customer Wins Arbitral Award Against Thermax

Staff Reporter | 6 June 2023

Thermax, which expects total financial impact of 250 crore rupees, plans to challenge the arbitral award


NCLT Orders Revival Of Dead Firm For Tax Recovery

Special Correspondent | 15 February 2023

NCLT orders Registrar of Companies to revive the status of struck off company Delight Broadcasting to "active" so the tax authorities can recover dues


Amrutanjan Applies "Audit" Balm To Soothe Whistleblower Allegations

Special Correspondent | 15 February 2023

The ayurvedic balm maker for pain management says Deloitte conducting forensic probe related to allegations of lapses by certain senior management


NCLT Asks Lavasa Lenders To Go For Equitable Distribution Of Sale Proceeds

Special Correspondent | 10 February 2023

The tribunal grants two weeks to the winning bidder Darwin Platform for submission of a revised plan


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How Ignoring Spam E-mail Landed Insolvency Professional In Trouble

Special Correspondent | 27 January 2023

The bankruptcy regulator expects insolvency professionals to be vigilant and alert in checking communications sent to them


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%