Loan, lies and bribery? Why Anil Ambani is facing ED heat

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The Enforcement Directorate (ED) has launched search operations at over 35 premises linked to companies and executives associated with Anil Ambani’s Reliance Group in connection with a suspected Rs 3,000 crore loan fraud and money laundering case. Reliance Power and Reliance Infrastructure issued a statement and said the ED raids relate to old cases involving…

BluSmart Mobility Under Insolvency Proceedings as Ahmedabad NCLT Approves Catalyst Petition – Outlook Business

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The Ahmedabad bench of the National Company Law Tribunal (NCLT) on July 29, 2025 admitted BluSmart Mobility, the Gurugram‑based electric ride‑hailing start‑up, into corporate insolvency proceedings, Economic Times reported. The decision follows a petition by Catalyst Trusteeship, which alleged that BluSmart had defaulted on bond repayments totalling Rs 1.28 crore. Read the original article here

CAM Advises CoC of Vidarbha Industries Power During CIRP Under IBC

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The Firm advised and represented the committee of creditors (“CoC”) of Vidarbha Industries Power Limited (“Corporate Debtor”) during the corporate insolvency resolution process (“CIRP”) of the Corporate Debtor under the provisions of the Insolvency and Bankruptcy Code, 2016, as amended (“Code”). The CoC comprised of CFM Asset Reconstruction Private Limited and Pallas Holdings Limited. The…

Six major amendments that shaped insolvency framework in India

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The Insolvency and Bankruptcy Code (IBC), since its enactment, has undergone six legislative amendments aimed at strengthening the insolvency framework and enhancing procedural efficiency in line with evolving market dynamics. This information was provided by the Minister of State in the Ministry of Corporate Affairs, Harsh Malhotra, in response to an Unstarred Question in the…