financial distress

New Delhi, April 10 The Delhi Police have arrested a 38-year-old woman, alleged to be the mastermind of a racket targeting other women in hospitals and temples, stealing their jewelry and other valuables, an official said on Friday.The accused, identified as Paro, a resident of Bawana, was...

New Delhi, April 8 The National Company Law Appellate Tribunal on Wednesday rejected a joint petition filed by five banks – Indian Bank, UCO Bank, Bank of Baroda, ICICI Bank, and Union Bank of India, challenging the distribution of funds to dissenting financial creditors SBI and Punjab National...

New Delhi, April 8 – The Delhi Police arrested the son of the founder of the iconic restaurant chain, Khan Chacha, on Wednesday in a cyber crime case that has sent shockwaves across the national capital, officials said.The accused, Mohammad Javed (49), was taken into custody for allegedly...

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...

Jaipur, April 6 Former Rajasthan chief minister Ashok Gehlot said on Monday that the delay in payments to hospitals under the state government's health scheme has led to disruptions in medical services and has forced patients to bear heavy expenses.Gehlot said that payments worth around Rs...

Jammu, April 2 The money of depositors in the Jammu and Kashmir State Cooperative Agriculture and Rural Development Bank is safe, Cooperative Minister Javid Ahmad Dar said on Thursday, noting that the process to appoint a liquidator is underway following an alleged embezzlement of Rs 181 crore...

New Delhi, April 1 The opposition in the Rajya Sabha criticized the government on Wednesday for frequent amendments to the Insolvency and Bankruptcy Code, significant haircuts, alleged favoritism towards large corporate defaulters, and ongoing infrastructure issues at the NCLT, along with...

The Lok Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 by a voice vote today. The Bill, which was initially referred to a Select Committee, aims to further amend the Insolvency and Bankruptcy Code 2016 to address procedural delays and interpretational issues faced by...

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

Kolkata, March 29 – A man was arrested on charges of brutally killing his wife in front of their minor daughter in South Kolkata, police said on Sunday.The incident took place in the Kasba area of South Kolkata in the early morning, and the man was arrested while trying to flee the scene after...

New Delhi, March 24 The National Company Law Tribunal (NCLT) on Tuesday declined to stay the Vedanta Group's appeal against the order passed by the NCLT approving Adani Group's bid of Rs 14,535 crore to acquire Jaiprakash Associates Ltd (JAL).The two-member bench of the NCLAT sought a response...

Aizawl, March 23 Rejecting allegations leveled by the opposition Congress over land purchases in his constituency, Mizoram Chief Minister Lalduhoma said on Monday that the acquisitions were aimed at helping financially distressed people rather than personal gain.Speaking at a Zoram People's...

New Delhi, March 23 According to the government, as many as 11 airlines have exited the market in the last 10 years due to financial stress, lack of aircraft, and other internal issues.Minister of State for Civil Aviation, Murlidhar Mohol, told the Rajya Sabha on Monday that the aviation...

New Delhi, March 22 The National Company Law Tribunal (NCLAT) has exempted IL&FS Group companies – categorized as ‘red’ and ‘amber’ – from corporate social responsibility (CSR) obligations due to accrued interest expenses on their loans.This order will benefit approximately 50 ‘amber’ and...

New Delhi, March 20 – The government has blocked another 300 illegal gambling and betting websites as well as apps in a major crackdown across online sports betting platforms, online casinos offering slots, roulette, live dealer tables, and betting exchanges functioning like peer-to-peer betting...

New Delhi, March 19 A 24-year-old man was arrested along with his friend for allegedly burglarizing his own house in Shakarpur, east Delhi, to repay debts incurred from stock market trading, police said on Thursday.Sayan Sarkar conspired with his friend Vishal, also 24, and carried out the...

New Delhi, March 19 – Two individuals, including the complainant's son, have been arrested for allegedly staging a daylight burglary at a house in the Shakarpur area of east Delhi. Police have recovered around Rs 20 lakh worth of stolen gold jewelry and cash, an official said on Thursday...

Beed, March 18 A 55-year-old teacher from a private school reportedly committed suicide in the Beed district of Maharashtra, apparently due to frustration over his unpaid salary, police said on Wednesday.The deceased, Kailas Ughade, a resident of Ardhamasla in the Georai tehsil of Beed, was...

New Delhi, March 17 The National Company Law Tribunal (NCLT) approved Adani Enterprises Ltd.'s ₹14,535 crore bid to acquire Jaiprakash Associates Ltd. through the insolvency process on Tuesday.In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that the NCLT, Allahabad bench, has...

New Delhi, March 13 Issues with the availability of LPG have begun to disrupt the livelihoods of street vendors across the national capital, forcing many to close their stalls or take out heavy loans to sustain their daily operations.The disruption has pushed several small-scale traders into...