Cirp

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Cirp - Total results - 16
Jet Airways founder Naresh Goyal booked in money-laundering case; residence raided, statement recorded
Business

Jet Airways founder Naresh Goyal booked in money-laundering case; residence raided, statement recorded

Last year, the ED had registered an offence against Goyal and his wife in connection with FEMA (Foreign Exchange Manipulation Act) violations.

Jet Airways revival plan: Creditors panel to meet today, may decide on extending deadline to two suitors keen on crisis-hit airline
Business

Jet Airways revival plan: Creditors panel to meet today, may decide on extending deadline to two suitors keen on crisis-hit airline

The second bidder, South America-based Synergy Group, did not submit a plan for Jet Airways and the group reportedly sought clarity on slots in the domestic and international routes of the grounded airline.

Jet Airways crisis: NCLT approves extension of grounded airline's insolvency resolution period by 90 days
Business

Jet Airways crisis: NCLT approves extension of grounded airline's insolvency resolution period by 90 days

On Thursday, Synergy Group Jet Airways' sole potential bidder had sought more time to take a decision on investing in the grounded airline.

Kwality insolvency: NCLT gives debt-ridden dairy firm 90 days more time to complete resolution process
Business

Kwality insolvency: NCLT gives debt-ridden dairy firm 90 days more time to complete resolution process

Kwality is currently undergoing the CIRP as per the provisions of the Insolvency and Bankruptcy (IBC) Code, pursuant to an order of NCLT

Financial institutions set to realise Rs 80,000 crore from Insolvency and Bankruptcy Code in FY20: Icra
Business

Financial institutions set to realise Rs 80,000 crore from Insolvency and Bankruptcy Code in FY20: Icra

During the last financial year, cases resolved under the IBC include Electrosteel Steel, Monnet Ispat Ltd and Amtek Auto Ltd

TPG Capital, Haldiram Snacks among suitors submit EoI to acquire loss-making Kwality Dairy
Business

TPG Capital, Haldiram Snacks among suitors submit EoI to acquire loss-making Kwality Dairy

In October last year, global private equity player KKR had filed insolvency plea against Kwality Dairy before the NCLT.

Lenders can move insolvency plea against guarantor without initiating CIRP for defaulting firm: NCLAT
Business

Lenders can move insolvency plea against guarantor without initiating CIRP for defaulting firm: NCLAT

NCLAT's direction came earlier this month over a batch of petitions filed against an order of the NCLT Kolkata bench, where it has allowed the insolvency plea filed by the state-owned REC against Ferro Alloys Corporation.

Patanjali renews interest in Ruchi Soya takeover as Adani Wilmar raises asset concerns of edible oil firm
Business

Patanjali renews interest in Ruchi Soya takeover as Adani Wilmar raises asset concerns of edible oil firm

Patanjali Ayurved has approached the NCLT challenging the decision by Ruchi Soya's lenders to approve Adani Wilmar's Rs 6,000 crore takeover bid.

Ruchi Soya lenders approve Adani Wilmar's Rs 6,000 cr resolution plan to acquire debt-ridden firm
Business

Ruchi Soya lenders approve Adani Wilmar's Rs 6,000 cr resolution plan to acquire debt-ridden firm

Adani group firm Adani Wilmar, which sells cooking oil under Fortune brand, and Baba Ramdev-led Patanjali were in the fray to acquire Ruchi Soya.

Apple’s iOS comes on par with Samsung in the second quarter of 2018 in US
News & Analysis

Apple’s iOS comes on par with Samsung in the second quarter of 2018 in US

The findings were based on a survey of 500 people who activated new or used phones from April to June 2018.

Adani group emerges as highest bidder with Rs 6,000 cr offer for Ruchi Soya; Patanjali can up its Rs 5,700 cr bid
Business

Adani group emerges as highest bidder with Rs 6,000 cr offer for Ruchi Soya; Patanjali can up its Rs 5,700 cr bid

The Committee of Creditors (CoC) of Ruchi Soya, in its meeting held on Tuesday, opened the bids submitted by the two contenders -- Patanjali group and Adani Wilmar, which sells cooking oil under the Fortune brand.

Ruchi Soya lenders have asked for rebidding between Patanjali Ayurved, Adani group: Baba Ramdev
Business

Ruchi Soya lenders have asked for rebidding between Patanjali Ayurved, Adani group: Baba Ramdev

Ruchi Soya, facing the insolvency proceedings, has a total debt of about Rs 12,000 crore.

Android continues to have more loyal users than iOS: CIRP Report
News & Analysis

Android continues to have more loyal users than iOS: CIRP Report

Android loyalty has hovered at 89 to 91 percent since January 2016, while iOS loyalty has been between 85 and 88 percent.

Old iPhones are being used longer
News & Analysis

Old iPhones are being used longer

Apple recently recorded its first decline in iPhone sales, which lead to the company's first quarterly revenue decline in 13 years.

Debate over Internet control in India to happen in Geneva
News & Analysis

Debate over Internet control in India to happen in Geneva

A wide-scaled discussion, led by the officials of the Commission on Science and Technology for Development will ...