debt recovery

In New Delhi, on April 6, the Supreme Court declined to block the implementation of Adani Group's ₹14,535-crore bid to acquire Jaiprakash Associates Limited (JAL), but imposed a safeguard by restraining the firm's monitoring committee from making any "major policy decisions" without prior...

New Delhi, April 1 The National Company Law Appellate Tribunal (NCLAT) has overturned an order by the National Company Law Tribunal (NCLT) rejecting Belgotex India's insolvency plea against Puneet India, citing a pre-existing dispute.Allowing Belgotex India's appeal, a two-member NCLAT bench...

New Delhi, March 29 – Anil Agarwal, a major mining tycoon, on Sunday claimed that Vedanta had received written confirmation that it had won a bid for a Jaypee Group asset, but the decision was subsequently reversed, without elaborating on the reasons.In a social media post, Agarwal said that...

New Delhi, March 22 Electricity rates in the city are likely to rise from April as the Delhi government is preparing to disburse pending dues of over ₹38,000 crore to the three power distribution companies, officials said on Sunday.The government is, however, planning to subsidize the increase...

Mumbai, March 4 The National Company Law Tribunal (NCLT) has ordered the initiation of insolvency proceedings against Marvel Group promoter Vishwajeet Jhawar.The NCLT Mumbai order, pronounced on January 30 by Justices Prabhat Kumar and Sushil Mahadeorao Kochey, was passed on a petition filed...

New Delhi, February 26 The Supreme Court said on Thursday that simultaneous Corporate Insolvency Resolution Process (CIRP) proceedings can be initiated against both a principal debtor and its corporate guarantor for the same debt.A bench comprising justices Dipankar Datta and Augustine George...

Sehore (MP), February 26 A third-generation member of an influential business family from Sehore district in Madhya Pradesh has claimed that the then British government took a "war loan" of Rs 35,000 from his grandfather, which remains unpaid to this day.Now, 109 years later, the grandson of...

Mumbai, February 26 The Maharashtra government owes the Brihanmumbai Municipal Corporation (BMC) Rs 10,931 crore, Deputy Chief Minister Eknath Shinde informed the legislative assembly on Thursday.In a written reply, Shinde, who holds the Urban Development portfolio, stated that as of December...

Gandhinagar, February 17 Three partner states involved in the Sardar Sarovar Narmada Project owe more than ₹7,900 crore to the Gujarat government, with Madhya Pradesh accounting for the largest share of the dues, the state Legislative Assembly was informed on Tuesday.Chief Minister Bhupendra...