Adani Power shares rose in July 8 trading session after completing the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore.

Shares of Adani Power surged nearly 3 percent to an intraday high of Rs 615 per share on the NSE. Later at around 9:45 a.m., the counter trimmed some of its gains to trade higher at Rs 604.9 apiece, up 1.3 percent. Shares of the company have been gaining for the last two days.

VIPL is a 2×300 MW domestic coal-fired power plant located in Butibori, Nagpur district of Maharashtra. The company was undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). On June 18, 2025, the Mumbai…

Guangzhou Automobile Group Co. Ltd. (2238.HK; 601238.SH) and Stellantis (STLA.US), the world’s fourth-largest automaker, on Tuesday said court overseeing the liquidation of their joint venture, GAC Fiat Chrysler Automobiles Co. Ltd. (GAC FCA), officially declared the venture bankrupt. The court-appointed bankruptcy administrator confirmed that the company was unable to repay its debts and lacked the assets or conditions for restructuring or settlement.

A recent update released via the administrator’s official WeChat account said GAC FCA, once known for localizing Jeep models and achieving strong sales in China, suffered a long-term production halt after failing to compete in the market.

In October 2022, GAC FCA entered…

This filmmaker directed only 8 films in his career but each of his films leaves an impression on the viewer, whether it is a success or a flop.

9 July is the 100th birthday of the producer, director, and actor who is considered a Guru in Hindi cinema. Guru Dutt, the filmmaker of Hindi cinema, whose two films were selected…

Contractors owed money by a Queenstown property developer say they were chasing payments long before the related entities went into liquidation, describing disconnected phone lines and a quiet construction site. 

“We get so sick of these people,” says a manager are Safety Nets NZ Ltd, which is also owed money in the Du Val Group statutory management. “It happens all the time where they claim they’ve gone broke, and then they start another company and keep trading while all their contractors get ripped off.”

Formcrete Construction, Falconer Corporate and two connected companies were placed in liquidation by the High Court at Rotorua, by application of Inland Revenue. Formcrete and Falconer, which both list Nicholas…

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In a significant move aimed at to bring greater scrutiny to past financial dealings of distressed companies, particularly those termed avoidance transactions, the Insolvency and Bankruptcy Board of India (IBBI) has notified key amendments to the Insolvency and Bankruptcy rules. These changes are effective immediately.

The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment) Regulations, 2025, underscore a proactive approach to unearthing and addressing financial irregularities that might have diminished a corporate debtor’s assets before insolvency proceedings began.

A central pillar of the new amendments is the mandate for enhanced disclosure in the…