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Noted Art Director Nitin Desai, Found Dead At Home, Defaulted On Rs 252 Crore Loan
Noted art director Nitin Chandrakant Desai, who was found dead at his studio in Maharashtra's Raigad, had defaulted on a Rs 252-crore loan to its financial creditor, and a bankruptcy court had admitted an insolvency petition against his firm.
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Law Tribunal Stays Insolvency Proceedings Against Zee Entertainment
The bankruptcy proceedings were initiated after IndusInd Bank Ltd filed a petition against Zee Entertainment over a default of 830.80 million rupees ($10.04 million).
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NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
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NCLT To Take Up Amazon's Plea Against Future Group's Insolvency Proceedings On June 10
NCLT will hear Amazon's petition opposing initiation of insolvency resolution proceedings against debt-ridden Future Retail Ltd on June 10
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Bank Of India Initiates Insolvency Proceedings Against Future Retail
Bank of India has moved the National Company Law Tribunal, filing a petition to initiate insolvency proceedings against debt-ridden Future Retail
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US Court Rejects Nirav Modi Plea On Dismissing Fraud Allegations: Report
A bankruptcy court in New York has dismissed a petition of fugitive diamond merchant Nirav Modi and his associates, seeking dismissal of fraud allegations against them.
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His Term Cut Short, Bankruptcy Court Judge Requested 3 More Days To...
In a rare plea, the chief judge at India's bankruptcy appeals court petitioned the Supreme Court to let him work for three more days even after his term was cut short by the federal government.
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Vijay Mallya Loses Bankruptcy Petition Amendment High Court Battle In UK
A consortium of Indian banks moved a step closer in their attempt to recover debt from loans paid out to Vijay Mallya's now-defunct Kingfisher Airlines after the High Court in London upheld an application to amend their bankruptcy petition
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Supreme Court To Decide On Transferring Pending Personal Insolvency Cases To Itself
The Supreme Court Wednesday said it will pass orders on a batch of pleas filed by Insolvency and Bankruptcy Board of India (IBBI) seeking the transfer of all petitions pending before different high courts challenging the provisions of Insolvency and Bankruptcy Code (IBC) with regard to personal insolvency.
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Banks Free To Restructure Loans, But Can't Penalise Borrowers, Supreme Court Told
Banks are free to restructure loans, but they cannot penalise honest borrowers by charging interest on deferred EMIs under the moratorium scheme, a petitioner said in the Supreme Court on Wednesday. The top court was hearing a batch of petitions seeking a waiver of interest on deferred EMIs during the moratorium period, which was introduced by the ...
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Vijay Mallya Faces Bankruptcy Over Rs 10,000 Crores In Debt
Twelve state-owned Indian banks are petitioning for ex-billionaire Vijay Mallya to be declared bankrupt over 1.15 billion pounds (Over Rs 10,000 crore) in unpaid debts.
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President Clears IBC Ordinance: Home Buyers To Find It Easier To Recover Dues From Developers
In a big step to protect home-buyers, changes to the Insolvency and Bankruptcy Code (IBC) will come into force with President Ram Nath Kovind signing off on the government's ordinance or special order. The Insolvency and Bankruptcy Code (Amendment) Ordinance aims at saving the buyers when builders declare bankruptcy in the middle of a real estate p...
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Nirav Modi Companies Don't Show PNB As Creditor In US Bankruptcy Filing
Firestar Diamond, Inc. (FDI); Fantasy, Inc. (FI), and A Jaffe Inc. (AJI) filed for bankruptcy protection in the United States Bankruptcy Court for Southern New York on Monday.
-
Tribunal Reserves Order On Bhushan Steel Bankruptcy Petition
SBI is claiming recovery of Rs 4,295 crore from Bhushan Steel and $490 million for foreign currency loan.
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US bankruptcy petitions jump to 1.4 mn in 2009
Notwithstanding the slow economic recovery, the number of bankruptcy petitions in the US last year soared to 1.4 million, which is a jump of 35 per cent compared to 2008. Moreover, the count of such petitions last year is also the highest since 2005, according to data from the US Federal Courts. The staggering figure of 1.4 million ind...
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Noted Art Director Nitin Desai, Found Dead At Home, Defaulted On Rs 252 Crore Loan
Noted art director Nitin Chandrakant Desai, who was found dead at his studio in Maharashtra's Raigad, had defaulted on a Rs 252-crore loan to its financial creditor, and a bankruptcy court had admitted an insolvency petition against his firm.
-
Law Tribunal Stays Insolvency Proceedings Against Zee Entertainment
The bankruptcy proceedings were initiated after IndusInd Bank Ltd filed a petition against Zee Entertainment over a default of 830.80 million rupees ($10.04 million).
-
NCLT Rejects Amazon’s Objections, Orders Insolvency Proceedings Against Future Retail
The National Company Law Tribunal (NCLT) has ordered insolvency proceedings against Future Retail under the Insolvency and Bankruptcy Code (IBC). The tribunal also rejected objections raised by Amazon claiming that any bankruptcy proceedings at this stage would compromise the e-commerce company's rights.
-
NCLT To Take Up Amazon's Plea Against Future Group's Insolvency Proceedings On June 10
NCLT will hear Amazon's petition opposing initiation of insolvency resolution proceedings against debt-ridden Future Retail Ltd on June 10
-
Bank Of India Initiates Insolvency Proceedings Against Future Retail
Bank of India has moved the National Company Law Tribunal, filing a petition to initiate insolvency proceedings against debt-ridden Future Retail
-
US Court Rejects Nirav Modi Plea On Dismissing Fraud Allegations: Report
A bankruptcy court in New York has dismissed a petition of fugitive diamond merchant Nirav Modi and his associates, seeking dismissal of fraud allegations against them.
-
His Term Cut Short, Bankruptcy Court Judge Requested 3 More Days To...
In a rare plea, the chief judge at India's bankruptcy appeals court petitioned the Supreme Court to let him work for three more days even after his term was cut short by the federal government.
-
Vijay Mallya Loses Bankruptcy Petition Amendment High Court Battle In UK
A consortium of Indian banks moved a step closer in their attempt to recover debt from loans paid out to Vijay Mallya's now-defunct Kingfisher Airlines after the High Court in London upheld an application to amend their bankruptcy petition
-
Supreme Court To Decide On Transferring Pending Personal Insolvency Cases To Itself
The Supreme Court Wednesday said it will pass orders on a batch of pleas filed by Insolvency and Bankruptcy Board of India (IBBI) seeking the transfer of all petitions pending before different high courts challenging the provisions of Insolvency and Bankruptcy Code (IBC) with regard to personal insolvency.
-
Banks Free To Restructure Loans, But Can't Penalise Borrowers, Supreme Court Told
Banks are free to restructure loans, but they cannot penalise honest borrowers by charging interest on deferred EMIs under the moratorium scheme, a petitioner said in the Supreme Court on Wednesday. The top court was hearing a batch of petitions seeking a waiver of interest on deferred EMIs during the moratorium period, which was introduced by the ...
-
Vijay Mallya Faces Bankruptcy Over Rs 10,000 Crores In Debt
Twelve state-owned Indian banks are petitioning for ex-billionaire Vijay Mallya to be declared bankrupt over 1.15 billion pounds (Over Rs 10,000 crore) in unpaid debts.
-
President Clears IBC Ordinance: Home Buyers To Find It Easier To Recover Dues From Developers
In a big step to protect home-buyers, changes to the Insolvency and Bankruptcy Code (IBC) will come into force with President Ram Nath Kovind signing off on the government's ordinance or special order. The Insolvency and Bankruptcy Code (Amendment) Ordinance aims at saving the buyers when builders declare bankruptcy in the middle of a real estate p...
-
Nirav Modi Companies Don't Show PNB As Creditor In US Bankruptcy Filing
Firestar Diamond, Inc. (FDI); Fantasy, Inc. (FI), and A Jaffe Inc. (AJI) filed for bankruptcy protection in the United States Bankruptcy Court for Southern New York on Monday.
-
Tribunal Reserves Order On Bhushan Steel Bankruptcy Petition
SBI is claiming recovery of Rs 4,295 crore from Bhushan Steel and $490 million for foreign currency loan.
-
US bankruptcy petitions jump to 1.4 mn in 2009
Notwithstanding the slow economic recovery, the number of bankruptcy petitions in the US last year soared to 1.4 million, which is a jump of 35 per cent compared to 2008. Moreover, the count of such petitions last year is also the highest since 2005, according to data from the US Federal Courts. The staggering figure of 1.4 million ind...
