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A Running List of Fashion & Retail Bankruptcy Filings The Fashion Law Read the original article here
JAL insolvency: Lenders reject Jaypee Infratech’s request to accept its bid to acquire bankrupt firm MSN Read the original article here
Lenders of Jaiprakash Associates Ltd (JAL) have turned down Jaypee Infratech‘s request to accept its resolution plan to acquire the bankrupt diversified company. Five companies — Adani Enterprises, Vedanta Group, Dalmia Bharat Cement, Jindal Power and PNC Infratech — have submitted their resolution plans to acquire JAL. However, lenders of JAL, on June 25, had…
Melbourne building collapses into voluntary administration – leaving projects in the lurch MSN Read the original article here
The recent amendments by the Insolvency and Bankruptcy Board of India (IBBI) – the Fourth Amendment to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2025 (CIRP Regulations) and the The Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2025 (IP Guidelines) – have introduced some major…
Reliance Communications (RCom), once a formidable force in India’s booming telecommunications industry, had a rapid ascent and a spectacular decline. In the latest development about the beleaguered company, State Bank of India has decided to mark Reliance Communications’ loan account as “fraud” and report the name of Anil Dhirajlal Ambani (erstwhile director of the company)…
The shares of this Ambani back stock are in focus after India’s largest commercial bank, State Bank of India, has flagged concerns about the company’s debt profile, which is creating a buzz amongst the investors. With a market capitalization of Rs 434 crores, the shares of Reliance Communications Ltd are currently trading at Rs 1.57…
Home Business Who will be the new owner of JP Associates, the Company drowning in over Rs 570000000000 debt? Adani, Jindal Vedanta, Dalmia emerge among bidders The company was taken to insolvency proceedings after the conglomerate defaulted on payment of loans. Creditors are claiming a total of a staggering Rs. 57,185 crore to banks and financial…
Lodha Developers Ltd has been directed to deposit Rs 520.80 crore as security in relation to an ongoing case in the Supreme Court against V Hotels Ltd, which the company acquired last year through an insolvency process. In a regulatory filing on Wednesday, Lodha Developers Ltd informed that this matter is related to proceedings initiated…