Category Archives: Bankruptcy

India Power : Public Announcement –Form A under Regulation 6 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 for the attention of the Creditors of India Power Corporation Limited (‘Company’)

Company under CIRP, Hon’ble NCLT, Hyderabad Bench-I, Order dated 15th May, 2026` Ref: IPCL/SE/LODR/2026-27/IBC/1 Date:18th May, 2026 The Secretary, National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Scrip Symbol: DPSCLTD The Vice President Metropolitan Stock Exchange of India Limited Building A,…

Ambuja Cements Emerges as Sole Bidder for Bankrupt Jaypee Cement Corporation – News and Statistics

May 18, 2026 Ambuja Cements, a subsidiary of the Adani Group, has emerged as the sole remaining bidder for bankrupt Jaypee Cement Corporation, according to a news report published on 2026-05-18. The company submitted a US$60m offer to acquire the affiliate of Jaypee Associates. My Home Group, which had previously submitted a US$30m bid, has…

Historic Bodegas Riojanas avoids insolvency proceedings: Vintae to acquire 90% of share capital

Posted By: The Corner 18th May 2026 Reported by Consejeros Editorial Team The Logroño-based wine group Vintae, through its parent company Gevisa Wine Capital, has agreed a restructuring plan with the banks whereby it will assume the debt of the historic Bodegas Riojanas and acquire 90% of the company’s capital, as reported to the National…

Ryanair CFO Says More Airlines Could Go Bankrupt Due to Fuel Crisis

Surging jet fuel prices could mean some airlines going out of business, according to the chief financial officer of Ryanair, Europe’s biggest airline. Loading audio narration… “I think we will see some of the weaker carriers who were already struggling before… Read the original article here

Kinetic Trust Gets NCLT Resolution Approval; Shares Drop 4.99%

Mumbai, May 18: Kinetic Trust Ltd said the National Company Law Tribunal (NCLT), Prayagraj Bench, has approved the company’s resolution plan in respect of Sibri Traders Private Limited under the Corporate Insolvency Resolution Process (CIRP), according to an exchange filing. The company stated that the NCLT passed the order on May 6, approving the resolution plan submitted by Kinetic Trust Ltd to…

NCLT Approves Kinetic Trust Limited's Resolution Plan for Acquisition of Sibri Traders Private Limited – scanx.trade

NCLT Approves Kinetic Trust Limited’s Resolution Plan for Acquisition of Sibri Traders Private Limited  scanx.trade Read the original article here

Liquid Wind “for sale” after bankruptcy declaration

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NCLAT Rejects Venugopal Dhoot’s Claim over Videocon’s Foreign Oil Assets, Rules in Favour of SBI, Creditors – Moneylife

NCLAT Rejects Venugopal Dhoot’s Claim over Videocon’s Foreign Oil Assets, Rules in Favour of SBI, Creditors  Moneylife Read the original article here

Ambuja Cements emerges as sole bidder for bankrupt Jaypee Cement

Adani Group-backed Ambuja Cements submitted an offer of INR5.8bn (US$60,26m), to acquire bankrupt Jaypee Cement. The only competing bidder, My Home Group, exited the corporate insolvency resolution process after offering a lower bid of INR3bn.  Lenders are currently negotiating with the Adani Group to increase their valuation because the current offer sits below the company…

Cleaning company boss banned after shifting £200,000 from insolvent firm – TheBusinessDesk.com

Cleaning company boss banned after shifting £200,000 from insolvent firm  TheBusinessDesk.com Read the original article here