Billionaire Ajay Piramal's Piramal Group has emerged as the preferred bidder for debt-laden mortgage lender DHFL

The Securities and Exchange Board of India allowed the deal with some riders, five months after it was announced last August

Sunil Goel has alleged that though he was a part of the executive committee, he was not allowed to attend the company's Annual General Meeting wherein resolution to raise Rs 250 crore loan was approved

Both companies said their joint venture Emaar MGF Land is going through insolvency proceedings at NCLT. Its outcome is going to have a direct bearing on land concerned

Both companies said their joint venture Emaar MGF Land is going through insolvency proceedings at NCLT. Its outcome is going to have a direct bearing on land concerned

DHFL was the first finance company to be referred to NCLT for insolvency proceedings. Before that, the company's board was superseded and R Subramaniakumar was appointed as the administrator

Piramal Enterprises' bid received 94 per cent votes as compared to 45 per cent for the US-based Oaktree Capital

The enactment of the Insolvency and Bankruptcy Code in 2016, (IBC) along with RERA ushered in a new era of regulation for the Indian real estate sector. Both these reforms strengthened the hand of homebuyers, giving them alternate forums to get justice

To provide relief for entities impacted by the pandemic, the government has suspended fresh proceedings under the Insolvency and Bankruptcy Code (IBC) starting from March 25

The creditors have submitted claims of around Rs 49,000 crore on RCom, Rs 24,000 crore on Reliance Telecom and Rs 12,600 crore on Reliance Infratel before the National Company Law Tribunal (NCLT)

The country's premier investigation agency has named Transstroy, its chairman-cum-managing director Cherukuri Sridhar and additional directors Rayapati Sambasiva Rao and Akkineni Satish in the FIR and alleged that loans were misappropriated by the directors

A bench comprising Chief Justice S A Bobde and Justices A S Bopanna and V Ramasubramanian asked the parties to file compiled written submissions and subject index in the matter

A major issue is whether both parties will agree for an independent valuation of assets under monitoring of Supreme Court or not. Experts say it will be difficult for both to agree for an outside evaluator as it will force them to accept even an unfavourable valuation

In an interaction with Business Today, Venugopal Dhoot says that they plan to raise the money from monetisation of assets, affordable housing, consumer electronics and home appliances business

Private equity and stressed asset funds continue to show interest in acquiring value assets undergoing insolvency proceedings despite delays and litigation

In its petition to the apex court, the SP Group on October 29 had submitted to end its seven-decade-old ties with the Tata Group and has quoted Rs 1.75 lakh crore as the value of their 18.37 per cent stake in Tata Sons

With this, the September quarter witnessed a drop of around 85 per cent compared with the previous year, said a CARE Ratings report. This can be attributed to the suspension of fresh bankruptcy proceedings for COVID-19 defaults

A three-judge bench of SC, which initially was of the view to send back the matter to NCLAT after setting aside March 4 order and decision on all aspects including the issue of dominant position being enjoyed by Flipkart, later stayed appellate tribunal's decision

Stocks to watch today on December 3: Wipro, Trident, Airtel, M&M, Ceat, MCX, Sun Pharma among others are the top stocks to watch out for in Thursday's trading session

The proceeds of the sale of this asset would be distributed in accordance with the resolution framework approved by the NCLT