Recent Highlights
All Stories for Cirp
Insolvency proceedings initiated against debt-ridden Jet Airways; NCLT bench instructs resolution professional to file fortnightly progress report
• 6 years agoJet Airways became the first domestic airliner to go into bankruptcy
Kwality insolvency: NCLT gives debt-ridden dairy firm 90 days more time to complete resolution process
• 6 years agoKwality 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
• 6 years agoDuring 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
Fp Staff • 6 years agoIn 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
• 6 years agoNCLAT'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
• 6 years agoPatanjali 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
• 7 years agoAdani 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
Ians • 7 years agoThe 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
• 7 years agoThe 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
• 7 years agoRuchi Soya, facing the insolvency proceedings, has a total debt of about Rs 12,000 crore.