Insolvency Proceedings

DHFL shares fall nearly 5% after NCLT admits RBI's petition to initiate insolvency proceedings

The move came in after the Reserve Bank last Friday referred DHFL to the NCLT Mumbai to resolve the debt crisis at the third largest pure-play mortgage player, which owes close to Rs 1 lakh crore to the system

MahaRERA allows home-owners of DSK Group to complete stressed project in Pune; directs freezing of promoter's bank account for project

DSK Group chairman DS Kulkarni and his wife are currently lodged in Yerawada jail in Pune for allegedly cheating nearly 33,000 depositors and investors of nearly Rs 2,043.18 crore

NCLAT breather for Singh brothers, appellate tribunal dismisses HDFC's insolvency plea against RHC Holding

HDFC had then approached the appellate tribunal to challenge the NCLT's ruling.

Jet Airways crisis: Govt orders SFIO probe into alleged mismanagement of funds, summons Naresh Goyal for questioning

The SFIO order refers to alleged siphoning of funds and unspecified financial irregularities at Jet Airways

Jet Airways crisis: Hinduja Group, Etihad Airways likely to bid for debt-laden airline via IBC route; Tata, Qatar Airways keen to join race too

Qatar Airways is also expected to join the race for Jet Airways stake acquisition if the state-owned flag carrier of Qatar is able to find out a suitable local partner, the report said.

Jaypee Infratech creditors decide to put on vote NBCC's revised bid; homebuyers likely to favour state-run firm

On Friday, lenders had written to NBCC seeking clarifications on certain relief and concessions put forward by the public sector firm in its resolution plan.

NCLT dismisses ICICI Bank's plea to initiate insolvency proceedings against Era Infrastructure

A two-member bench headed by NCLT President Justice M M Kumar observed that ICICI Bank has already raised similar claims against its parent company, Era Infra Engineering,

Jaypee Infratech takeover: Lenders seek clarification from NBCC on revised bid; creditors' panel to meet again on 14 May

NBCC was also asked how it will fund the takeover of Jaypee Infratech, sources said adding that NBCC officials answered all the queries.

NCLT rejects Ruias' debt settlement proposal to retake Essar Steel; company hints at challenging verdict

If it is not challenged again, this opens the first major victory for the LM Mittal-run ArcelorMittal into the country

NCLT dismisses HDFC plea for initiating insolvency proceedings against RHC Holding

The National Company Law Tribunal (NCLT) on Thursday dismissed the plea of HDFC Ltd to initiate insolvency proceedings against RHC Holding, a non-banking financial company promoted by Singh brothers -- Malvinder Mohan Singh and Shivinder Mohan Singh.