The Indian Renewable Energy Development Agency Ltd (IREDA) has filed an insolvency application against Gensol Engineering Ltd, citing a default of ₹510 crore. The state-owned green energy financier submitted the application on Wednesday under Section 7 of the Insolvency and Bankruptcy Code, 2016, according to a stock exchange filing. Section 7 of the IBC empowers…
KTM Narrowly Avoids Liquidation Thanks To €600M Lifeline ADV Pulse Read the original article here
The National Company Law Tribunal (NCLT), New Delhi Bench (Court-VI), has admitted an insolvency petition against M/s Pashupati Dairies Private Limited, initiating the Corporate Insolvency Resolution Process (CIRP) on May 19, 2025. The petition, filed by Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016, seeks to recover a default amount…
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R3 responds to April 2025 insolvency statistics NationalWorld Read the original article here
New Delhi: The National Company Law Tribunal, on Wednesday, deferred the hearing of Bhushan Power and Steel Limited‘s (BPSL) insolvency case to May 26. The NCLT sought the assistance of the counsels appearing in the case to implement the Supreme Court’s judgment. Earlier this month, the Supreme Court scrapped JSW Steel‘s ₹19,700-crore acquisition of BPSL…
Aussie brides await delivery of gowns as luxury bridal brand enters administration The North West Star Read the original article here