New Delhi, April 8 Future Consumer Ltd (FCL) has defaulted on payments of ₹615.67 crore in interest and principal repayments on loans from banks, financial institutions, and unlisted debt securities, as of March 31, 2026.FCL, the FMCG arm of the debt-ridden Future Group, had defaulted on...
New Delhi, March 30 Providing partial relief to NCR-based realty firm Vatika, the NCLAT has restricted the insolvency proceedings against it to a specific Gurgaon-based project, Project Aspirations.Modifying the order passed by the National Company Law Tribunal (NCLT), the appellate tribunal...
Mumbai, March 19 The Bombay High Court has criticized the misuse of provisions of the Insolvency and Bankruptcy Code (IBC) by loan defaulters and guarantors to "gain immunity" by imposing a moratorium, and said this practice has the potential to negatively impact the country's economy.A bench...
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debtdefaultdebt recovery tribunal
financial facilities
guarantors
insolvency and bankruptcy code
loan defaulters
moratorium
national company law tribunal
property auction
securitisation and reconstruction of financial assets act
south mumbai
union bank of india
New Delhi, March 17 The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed against alternative energy firm Eastman Auto & Power in an insolvency case and upheld the order passed by the NCLT.A two-member bench observed that the existence of a dispute with Vave India...
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debtdefault
eastman auto & power
ibc
india
insolvency and bankruptcy code
insolvency case
inverter batteries
national company law appellate tribunal
nclat
operational creditor
pre-existing dispute
section 8 ibc
section 9 ibc
vave india energy solutions