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The NCLAT has said promoters of the group can't be disallowed from applying for one-time settlement and withdrawal of insolvency proceedings against the company they promised to pay the money required for one-time settlement

The Supreme Court directed all stakeholders including homebuyers to make representation to NBCC within one week so that their concerns are taken note of in the revised plan

The NCLT also clarified that the criminal cases against the founders of BPSL for siphoning off funds from the company would not affect JSW Steel as its new promoter

A bench of justices A M Khanwilkar and Dinesh Maheshwari issued notice to the National Buildings Construction Corporation Limited (NBCC) and sought its reply in this regard by Thursday

The airline's resolution professional Ashish Chhawchharia received an expression of interest from the overseas airline last week, well past the submission deadline of August 10

The tweet ruffled a lot of feathers online with #boycottmcdonalds trending on Twitter in India. Many questioned McDonald's why it serving halal meat in India where 80 per cent people are non-muslims.

On August 2, the Supreme Court had ordered status quo for two weeks on the insolvency proceeding after Jaypee Group challenged the July 30 order of NCLAT, which allowed the fresh bidding for the cash-strapped Jaypee Infratech

The NCLAT has also asked to cooperate with Bakshi and try to reach a final settlement

Housing Development and Infrastructure share price crashed 20 per cent to hit the lowest circuit at Rs 8.78 on the BSE. Moreover, it touched an all-time low on BSE and NSE

The NCLAT order came on an appeal moved by Deloitte against the NCLT order on August 9 rejecting the auditor's plea which challenged the tribunal's jurisdiction to ban it for five years for omissions and commissions in the IL&FS Group scam

Amtek Auto was among the first list of the 12 companies that were referred by the Reserve Bank of India (RBI) in 2017 to respective banks for the initiation of insolvency process for defaults

The panel headed by Corporate Affairs Secretary Injeti Srinivas was constituted last September to review the Competition Act , 2002. The committee handed its report to the Finance Minister on Wednesday.

Embattled IL&FS group has proposed to the National Company Law Tribunal (NCLT) the sale of its wind energy business to Japan's Orix Corporation which will help reduce the debt of the company by Rs 4,800 crore.

Amid talk about recent amendments in the Insolvency and Bankruptcy Code, what got missed was the fight over authority between the judiciary and the government, an issue on which the latter seems to have prevailed