Category Archives: Liquidation

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

Updated Jun 2, 2025 23:21 IST Reliance Infrastructure insolvency plea: The Mumbai bench of National Company Law Tribunal (NCLT) has admitted an insolvency plea against Anil Ambani-promoted Reliance Infrastructure Ltd. 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…

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To use this website, cookies must be enabled in your browser. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a…

IBBI Notifies Amendments To Simplify Corporate Insolvency Procedures

The Insolvency Resolution Process for Corporate Persons Fourth Amendment regulations, 2025, were notified by the Insolvency and Bankruptcy Board of India on May 26, according to a recent release. These amendments to the corporate insolvency regulations are designed to streamline procedures, safeguard the interests of creditors, and foster increased investor involvement in resolution processes. A…

Mumbai NCLT Bars Collector From Recovery Action On Shree Ram Urban Infrastructure Property Amid Insolvency Moratorium

NCLT restrains Mumbai Collector from asset recovery on Shree Ram Urban Infrastructure during insolvency proceedings | Representational Image Mumbai: The National Company Law Tribunal (NCLT) in its recent orders have restrained the Collector and District Magistrate of Mumbai City from initiating any recovery proceedings or creating any third-party interests in the assets of Shree Ram…

NCLT admits Reliance Infrastructure for insolvency resolution process

Photo: https://archive.nclt.gov.in/ The National Company Law Tribunal (NCLT), Mumbai has admitted insolvency plea against Reliance Infrastructure Ltd. filed by IDBI Trusteeship Services Ltd. In April 2022, IDBI Trusteeship had filed a petition for initiating corporate insolvency resolution process (CIRP) against Reliance Infrastructure, under section 9 of the Insolvency and Bankruptcy Code, alleging a default of ₹88.68 crore as…

NCLAT Upholds Insolvency Against Jaypee Cement: Rediff Moneynews

NCLAT approves insolvency proceedings against Jaypee Cement Corp, rejecting appeals. Debt default proved; CIRP to proceed despite parent company’s restructuring efforts. New Delhi, Jun 2 (PTI) 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…

IBBI Notifies Amendments To Streamline Corporate Insolvency Process

New Delhi: 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 to a release.…