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 tariff, making the initiation of insolvency proceedings infructuous. “The company has made full payment of Rs 92.68 crore to Dhursar Solar Power Private Limited, towards claim of tariff as per the…
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…
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…
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…
Pool maker told to pay up over faulty pool or face liquidation Stuff Read the original article here
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…
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 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…
Liquidated firewood supplier’s gear goes under the hammer TheBusinessDesk.com Read the original article here
IBBI notifies amendments to streamline corporate insolvency process YourStory.com Read the original article here