The National Company Law Tribunal (NCLT), New Delhi Bench, has approved a resolution plan worth ₹3,800.14 crores for the insolvent Sinnar Thermal Power Limited (STPL). The successful bidder is a consortium of two public sector giants—Maharashtra State Power Generation Company Limited (MAHAGENCO) and NTPC Limited. The plan, approved under the Insolvency and Bankruptcy Code (IBC), aims to…
German corporate bankruptcies to surge to a decade high in 2025 whbl.com Read the original article here
The Mumbai Bench of the National Company Law Tribunal (NCLT) has dismissed six interlocutory applications filed by former employees of Yes Bank Limited, holding their claims for salary dues, provident fund, and other benefits were time-barred and filed after the corporate resolution plan had already been approved. The Tribunal, comprising Judicial Member K.R. Saji Kumar…
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REVEALED: Latest business liquidations in Scenic Rim The Courier Mail Read the original article here
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