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Ruby Mills has made a disclosure on January 5 regarding the company petition filed by Shreem Corporation Pvt. Ltd., (through its Resolution Professional), formerly known as Rajput Retail Limited (RRL) against the company concerning disputes ...

Ruby Mills has made a disclosure on January 5 regarding the company petition filed by Shreem Corporation Pvt. Ltd., (through its Resolution Professional), formerly known as Rajput Retail Limited (RRL) against the company concerning disputes ...

Kesoram Industries appeal against the National Company Law Appellate Tribunals Kolkata ruling rejected its claim of being a financial creditor of Birla Tyres Ltd. The tribunal ruled that Kesoram failed to prove the transaction was a deposit or loan, and therefore, the adjudicating authority did not commit any error in rejecting the appellants application.

Kesoram Industries appeal against the National Company Law Appellate Tribunals Kolkata ruling rejected its claim of being a financial creditor of Birla Tyres Ltd. The tribunal ruled that Kesoram failed to prove the transaction was a deposit or loan, and therefore, the adjudicating authority did not commit any error in rejecting the appellants application.

Go Firsts lessors had earlier complained to the Delhi High Court that the airlines resolution professional was not providing necessary maintenance and technical records related to its aircraft

Go First crisis: The company was floated in December and is being led by Sachin Naik, a former employee in Go First’s finance department.

Lenders have divided FEL into three clusters. The first is the companys stakes in its life and general insurance ventures with Italian partner Assicurazioni Generali S.p.A. Banks are hoping for some recovery from FELs remaining 26% stake in Future Generali India Insurance Co and also its residual stake in Future Generali India Life after Generali hiked its stake to above 70% in 2021.

On Aircel being admitted to insolvency, Airtel owed it Rs. 453 crore towards STA and other dues. The Resolution Professional (RP) of Aircel called upon Airtel to make the payment in 2019. However, Airtel paid Rs. 341 crore and retained Rs. 112 crore.

The Supreme Court has held statutory set off or insolvency set off is not applicable to Corporate Insolvency Resolution Process (“CIRP”) proceedings under the Insolvency and Bankruptcy Code, 2016...