Ex-Minister Seeks CBI Probe in Haryana Insolvency Fraud Case
A former Haryana minister has raised serious allegations of fraud in an insolvency case, calling for a CBI investigation to uncover the truth behind the suspected irregularities.
Category : Search result: crossborder insolvency
Govt Backs Key IBC Reforms, Flags One Retrospective Concern
The Indian government has accepted nearly all parliamentary panel recommendations for IBC amendments to speed up resolutions and protect new investors, but flagged a key concern on retrospective application. Read the full details.
Budget 2026: Govt to reform SARFAESI, DRT rules for swift debt recovery
The government may announce reforms to SARFAESI Act and DRT procedures in Budget 2026-27 to clear backlog of 178,000 cases and speed up debt recoveries. Key changes aim to reduce litigation.
Dharan Infra-EPC hits upper circuit after NCLAT update
Dharan Infra-EPC share price surged 4% after the company's update on NCLAT proceedings and a full settlement with Tata Capital Housing Finance. Read the full analysis here.
NCLAT Rules LDA Must Be Heard in Ansal Insolvency
NCLAT orders Ansal Properties insolvency proceedings cannot proceed without hearing Lucknow Development Authority, protecting homebuyers' interests and Rs 4,500 crore claims. Read the full story.
2026 Budget Session to Decide Fate of Major Reforms
As Parliament gears up for the 2026 Budget Session, high-stakes bills on simultaneous elections, higher education, and financial markets await final clearance. Get the full analysis of India's legislative roadmap.
RG Luxury Homes Gets Final OC, 464 Flats Ready for Possession
RG Group secures occupancy certificate for final towers in Greater Noida West, completing Phase 1 of RG Luxury Homes. After a 2019 insolvency stall, the reverse insolvency process revives the project, bringing relief to homebuyers. Read more.
FY27 Budget: Deregulation, Decriminalisation Reforms Lined Up
The upcoming FY27 Union Budget will push for deregulation & decriminalisation of laws to fuel India's medium-term growth. Key amendments to Companies Act & IBC expected. Read more.
NCLAT Sets Aside NCLT Order in Culver Max Insolvency Case
NCLAT overturns NCLT's dismissal of Culver Max's insolvency plea against Rechargekit Fintech, citing denial of opportunity to rectify defects. The case is remanded back to NCLT for fresh hearing.
NCLAT Bars CoC from Changing Approved Resolution Plan Terms
NCLAT upholds that a Committee of Creditors cannot modify a cleared resolution plan to reallocate funds, reinforcing the finality of commercial decisions in insolvency. Read the full analysis.
PNB reports ₹2,434 crore fraud linked to ex-SREI promoters
Punjab National Bank informs RBI of a massive borrowal fraud worth ₹2,434 crore related to former SREI promoters. Details on the case and NCLT resolution inside.
SC Panel to Oversee Supertech Insolvency, Supernova Project
Supreme Court forms committee to manage Supertech Realtors' insolvency and ensure completion of Noida's Supernova project. Key details on the panel's powers and homebuyer relief.
SC Orders New Developer for Stalled Supertech Supernova Project
Supreme Court intervenes in Noida's insolvent Supernova project, ordering a new developer and sidelining old promoters. A landmark move offering hope for lakhs of homebuyers across India's frozen real estate projects. Read more.
SC Panel to Supervise Supertech Insolvency, Supernova Project
Supreme Court forms a 3-member committee to manage Supertech's insolvency and complete the Supernova project in Noida. Next hearing on January 20, 2026.
Panel Proposes Multiple IBC Plans for Stressed Assets
A parliamentary panel recommends allowing multiple resolution plans for different assets of an insolvent firm, aiming to boost value and attract bidders. Explore the potential shift in India's insolvency landscape.
IBC Amendments 2025: Lok Sabha Panel Chief Hails Reforms
Lok Sabha panel chief Baijayant Panda calls IBC amendments a 'game-changer' to halve resolution time and boost recoveries. Bill excludes project-specific insolvency for real estate.
Great Learning's Indian unit bought back from Byju's for $10M
Mohan Lakhamraju repurchases Great Learning's India business from Byju's at a steep discount amid the edtech giant's insolvency woes. Details on the deal and future plans revealed.
Panel wants 3-month deadline for NCLAT appeals under IBC
A parliamentary committee recommends a strict 3-month deadline for NCLAT to dispose of IBC appeals, addressing massive delays. The move aims to streamline India's corporate insolvency process. Read the full report.
Lok Sabha Panel Sets 3-Month Deadline for NCLAT Appeals
A Lok Sabha panel mandates NCLAT to resolve bankruptcy appeals within 3 months to speed up corporate rescue. It also bars resolution pros from becoming liquidators to curb perverse incentives. #IBC #BankruptcyReform
IBC Amendment Bill Report to be Tabled in Lok Sabha
A Lok Sabha committee will table its report on the IBC Amendment Bill 2025 on Wednesday, bringing a major insolvency law overhaul closer. The reforms aim to cut delays and boost investor appeal.
Byju's Offshore Firm Puts Aakash ₹250-Cr Rights Issue in Legal Jeopardy
Byju Raveendran's Singapore entity Beeaar Investco's role in Aakash's rights issue faces legal scrutiny amid QIA's $235M arbitration award. Experts warn of enforcement risk despite separate legal status. Read the full analysis.
Kerala HC Orders Byju's RP, GLAS, EY India Heads to Appear
Kerala High Court directs Byju's RP, GLAS representative & EY India Chairman to appear personally in contempt case over alleged asset transfer. Key hearing set for July 17.
Aakash Rights Issue Stalled Over Byju's FEMA Compliance Issue
Aakash Educational Services halts ₹25 crore from Byju's parent in its crucial ₹250-crore rights issue over FEMA, ECB violations. The dispute threatens the fundraise amid leadership churn and insolvency battles. Read the full analysis.
Realty IBC Reforms Pushed to Later Phase
Government to introduce corporate IBC amendments first, delaying structural reforms for homebuyers and stuck projects. Key changes for real estate require further consultation. #IBC #RealEstate
ED Uncovers IBC Misuse, Bid Rigging in NCLT Cases
Enforcement Directorate exposes manipulation of insolvency process, arrests Lalu Prasad Yadav's aide Amit Katyal. Crucial evidence of bid rigging and ₹50 lakh cash seized in nationwide probe.
Jaiprakash Gaur's Legacy Ends in Bankruptcy
At 94, Jaiprakash Gaur watches his life's work collapse as NCLT admits Jaiprakash Associates into insolvency. Read about his rags-to-riches story and ultimate downfall.
Financial creditors surpass operational creditors in IBC cases
India's insolvency code undergoes significant shift as financial creditors now dominate bankruptcy proceedings. Analysis reveals changing creditor behavior and recovery patterns under IBC framework since 2020 threshold change.
IBC Reforms: Biggest Changes in 9 Years Coming
India's Insolvency and Bankruptcy Code undergoes major reforms with cross-border insolvency and faster debt resolution. Parliament to consider revised bill in December session.
Bank Chiefs to Monitor Top NCLT Cases Personally
Public sector bank CEOs must personally oversee top 20 pending NCLT cases and 10 resolution accounts. DFS Secretary Nagaraju urges swift action for better recoveries through IBC ecosystem.
10 Bills for Parliament Winter Session 2025
Indian government lists 10 crucial bills for Winter Session including Atomic Energy Bill 2025 and Higher Education Commission Bill. Key reforms in nuclear sector, education, and economy await parliamentary approval.
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