Category Archives: Bankruptcy

Big setback for Anil Ambani? Insolvency plea against Reliance Infrastructure admitted by NCLT – Companies

Reliance Infrastructure insolvency plea: IDBI Trusteeship Services Ltd, on behalf of the operational creditors, had submitted an application under the corporate insolvency resolution process (CIRP) against Reliance Infrastructure. The trustee company had approached the tribunal after the company defaulted on its dues of more than Rs 88 crore. Reliance Infrastructure claimed that there is no…

Reliance Infra Pays Rs 92.68 Cr, NCLT Order Void: Rediff Moneynews

Reliance Infrastructure made full payment of Rs 92.68 crore to Dhursar Solar Power, rendering the NCLT insolvency order infructuous. The company will appeal for order withdrawal. New Delhi, Jun 2 (PTI) Reliance Infrastructure on Monday said it has made the full payment of Rs 92.68 crore to Dhursar Solar Power Pvt Ltd towards claims of…

NCLAT upholds insolvency proceedings against Jaypee Cement Corp

The insolvency appellate tribunal has approved the insolvency proceedings against the debt-ridden Jaypee Cement, upholding an earlier order passed by the National Company Law Tribunal (NCLT). A two-member bench of the NCLAT rejected the appeal filed by Alok Gaur against the NCLT order, saying the debt and default matter is proved, and it did not…

Meyer Burger files insolvency of German solar cell production plant

Meyer Burger files insolvency of German solar cell production plant – PV Tech Skip to content Read the original article here

IBBI notifies amendments to streamline corporate insolvency process

New Delhi, Jun 2 (PTI) The IBBI has notified amendments to the regulations governing corporate insolvency, aiming to streamline procedures, protect creditor interests, and encourage greater investor participation in resolution processes. The Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency Resolution Process for Corporate Persons Fourth Amendment regulations, 2025 on May 26, according…