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 Read the original article here
Prime Focus Plunges on ₹353 Cr Deposit Demand After Insolvency Stay Whalesbook Read the original article here
Prime Focus received temporary relief from NCLAT after the tribunal paused insolvency proceedings and directed the company to deposit Rs 353.79 crore before the next hearing in July 2026 AI Powered Summary ▼ Indian equity benchmark indices traded lower on Monday, with the benchmark Nifty 50 index declining 0.47 per cent to 23,532.70 during the…
SBI Setback As NCLAT Rejects Combined Insolvency Plea In Videocon Case BW Businessworld Read the original article here
Supreme Court Says Appeal Without Certified Copy Was “Wholly Incompetent,” Sets Aside NCLAT Order Condoning Delay Case Title : Angelwoods Apartment Allottees Association versus M Lalitha and another Case Number : Civil Appeal Nos. 14439-14440 of 2025 CITATION : 2026 LLBiz SC 185 The Supreme Court on Tuesday set aside an NCLAT order condoning delays…
Appellate tribunal NCLAT has upheld separate insolvency proceedings for two Videocon group entities — Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL) — while setting aside an earlier NCLT order that had directed clubbing of the two cases. Passing a final order, the NCLAT said creditors of VIL and VOVL had intended the…
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The NCLAT has upheld separate insolvency proceedings for Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL), overturning an NCLT order that had clubbed the two cases. New Delhi: Appellate tribunal NCLAT has upheld separate insolvency proceedings for two Videocon group entities — Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL) —…
ASIC’s recent decision to disqualify a Gold Coast director for the maximum five‑year period is a timely reminder that director duties are not theoretical, they are actively enforced and the personal consequences can be severe. In April 2026, ASIC announced the disqualification of a Director for his involvement in the failure of four companies across…