Stay updated with the latest insolvency news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on insolvency topics.
Vedanta had approached the court seeking a stay on Adani Enterprises' Rs 14,500-crore resolution plan. In a setback to Vedanta Group, the Supreme Court on Monday declined to stay the implementation of Adani Enterprises' resolution plan for debt-ridden Jaiprakash Associates Ltd. A bench, led by Chief Justice (CJI) Surya Kant, noted that the insolvency proceedings are already listed for final hearing before the National Company Law Appellate Tribunal (NCLAT) on April 10, and therefore found no r ...Read More >
The CBI is actively investigating the Reliance Anil Ambani Group for alleged bank loan frauds totalling a staggering ₹73,000 crore, with the Supreme Court closely monitoring the progress of the investigation. Photograph: Prashant Waydande/ReutersKey PointsThe CBI is investigating the Reliance Anil Ambani Group for bank loan frauds amounting to ₹73,000 crore.The Enforcement Directorate (ED) is investigating the Reliance Anil Ambani Group and has seized documents related to a purported 'Projec ...Read More >
New Delhi, April 6: The Central Bureau of Investigation (CBI) is probing bank loan frauds cumulatively worth Rs 73,000 crore in seven cases registered against the Reliance Anil Ambani Group (RAAG). This was revealed in a status report filed in the Supreme Court in February. The CBI informed the court that it is actively investigating seven cases and is probing the roles of certain public servants as well. Supreme Court reviews investigation status After reviewing the status report filed by th ...Read More >
New Delhi: The Supreme Court Monday refused to stay the implementation of Adani Group's ₹14,500-crore debt resolution plan for debt-laden Jaiprakash Associates (JAL). A bench led by Chief Justice Surya Kant said it didn't see any reason to interfere with the National Company Law Appellate Tribunal (NCLAT) interim order allowing the implementation of the resolution plan, a decision challenged by Anil Agarwal-owned Vedanta. Noting that Vedanta's appeal is now listed for final hearing on April 10 ...Read More >
New Delhi: The Central Bureau of Investigation (CBI) is probing bank loan frauds cumulatively worth Rs 73,000 crore in seven cases registered against the Reliance Anil Ambani Group, according to a status report filed in the Supreme Court in February. The CBI informed the court that it is actively investigating seven cases, and is probing the roles of certain public servants as well. After reviewing the status report filed by the CBI and its financial investigations counterpart, the Enforcement ...Read More >
New Delhi: The Central Bureau of Investigation (CBI) is probing bank loan frauds cumulatively worth Rs 73,000 crore in seven cases registered against the Reliance Anil Ambani Group, according to a status report filed in the Supreme Court in February. The CBI informed the court that it is actively investigating seven cases and is probing the roles of certain public servants as well. After reviewing the status report filed by the CBI and its financial investigations counterpart, the Enforcement ...Read More >
New Delhi, Apr 6 (PTI) The Central Bureau of Investigation (CBI) is probing bank loan frauds cumulatively worth Rs 73,000 crore in seven cases registered against the Reliance Anil Ambani Group, according to a status report filed in the Supreme Court in February. The CBI informed the court that it is actively investigating seven cases, and is probing the roles of certain public servants as well. After reviewing the status report filed by the CBI and its financial investigations counterpart, the ...Read More >
New Delhi, Apr 6 (PTI) The Supreme Court on Monday declined to stay the implementation of the Adani group's Rs 14,535-crore bid to acquire the debt-ridden Jaiprakash Associates Limited (JAL), but provided a safeguard by restraining the firm's monitoring committee from taking any "major policy decisions" without prior nod of the National Company Law Appellate Tribunal. A bench of Chief Justice Surya Kant and Justice Joymalya Bagchi asked mining giant Vedanta Ltd, which is opposing the resolution ...Read More >
New Delhi: The Supreme Court on Monday did not interfere with the order of the National Company Law Appellate Tribunal (NCLAT), which had refused to stay Adani Group's Rs 14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL). The bench, however, restrained the monitoring committee of ailing JAL from taking any major policy decision without a prior nod from the NCLAT. The top court asked mining giant Vedanta Ltd and successful resolution applicant, Adani Enterprises Ltd, to raise contentio ...Read More >
New Delhi, Apr 6 (PTI) The Supreme Court on Monday did not interfere with the order of the National Company Law Appellate Tribunal (NCLAT), which had refused to stay Adani Group's Rs 14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL). The bench, however, restrained the monitoring committee of ailing JAL from taking any major policy decision without a prior nod from the NCLAT. The top court asked mining giant Vedanta Ltd and successful resolution applicant, Adani Enterprises Ltd, to ra ...Read More >
New Delhi [India], April 6 (ANI): The Supreme Court of India on Monday declined to stay proceedings in a plea filed by Vedanta Limited challenging the approval of Adani Group's resolution plan for the takeover of insolvent Jaiprakash Associates Limited. A Bench led by Chief Justice of India Surya Kant observed that since the appeal is likely to be decided shortly by the National Company Law Appellate Tribunal (NCLAT), and Vedanta's interests have been adequately safeguarded through interim meas ...Read More >
The government said on Thursday that Parliament will be adjourned and reconvened before the end of this round of assembly elections. Parliamentary affairs minister Kiren Rijiju told Rajya Sabha that Parliament will be adjourned and reconvened to discuss a "very important" bill, without giving the details of the bill or the dates for the extended budget session. Rijiju said, "We have certain important issues, we have shared this with the Opposition also. We are going to have a very important bi ...Read More >
NEW DELHI: The Supreme Court on Thursday set aside the bail granted to businessman Satinder Singh Bhasin in connection with a multi-crore rupee alleged Grand Venice Mall scam in Greater Noida. A bench comprising Justices Sanjay Karol and N K Singh directed Bhasin to surrender before the jail authorities within a week. "The petitioner has not complied with the conditions of bail imposed upon him vide order dated November 6, 2019. Resultantly, the bail granted to the petitioner is cancelled. The ...Read More >
The Supreme Court on Thursday set aside the bail granted to businessman Satinder Singh Bhasin in connection with a multi-crore rupee alleged Grand Venice Mall scam in Greater Noida. A bench comprising Justices Sanjay Karol and N K Singh directed Bhasin to surrender before the jail authorities within a week. "The petitioner has not complied with the conditions of bail imposed upon him vide order dated November 6, 2019. Resultantly, the bail granted to the petitioner is cancelled. The petitioner ...Read More >
New Delhi: The Supreme Court on Thursday set aside the bail granted to businessman Satinder Singh Bhasin in connection with a multi-crore rupee alleged Grand Venice Mall scam in Greater Noida and directed him to surrender before the jail authorities within a week. A bench comprising Justices Sanjay Karol and N K Singh cancelled Bhasin's bail as he failed to settle the claims of the flat allottees, and also for siphoning off Rs 50 crore from the funds of Bhasin Infotech and Infrastructure Privat ...Read More >
New Delhi: Finance minister Nirmala Sitharaman on Wednesday said the committee of creditors (CoC) will be allowed to invite land authorities to its meetings for inputs on regulatory and land-related matters under insolvency regulations, a move that could help expedite bankruptcy resolution involving hundreds of real estate projects. Replying to a discussion on the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 in the Rajya Sabha, Sitharaman said the changes limit the scope of adjudicatio ...Read More >
NEW DELHI: RJD Rajya Sabha MP Sanjay Yadav on Wednesday alleged that the Modi government waived loans worth Rs 26 lakh crore for industrialists, during a discussion in Rajya Sabha on the Insolvency and Bankruptcy Code (Amendment) Bill. "To benefit its capitalist friends, the government has effectively written-off an amount equivalent to nearly half of the country's annual budget," he asserted, asking the government how much of this Rs 26 lakh crore belongs to the country's farmers, laborers, st ...Read More >
New Delhi: The Insolvency and Bankruptcy Code has helped in improving the health of the Indian banking sector, Finance and Corporate Affairs Minister Nirmala Sitharaman said on Wednesday. Parliament passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, after the Rajya Sabha approved the bill with a voice vote. It was approved by the Lok Sabha on March 30. Replying to a short discussion on the bill in the Rajya Sabha, the minister said the World Bank, in its 2019 report, observed tha ...Read More >
New Delhi, Apr 1 (PTI) Parliament on Wednesday passed amendments to the insolvency law to provide faster resolution of stressed firms and reduce case backlog, with Finance Minister Nirmala Sitharaman emphasising that the intent is not to liquidate companies but to help them run with guardrails. The Rajya Sabha on Wednesday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, with a voice vote. It had received the Lok Sabha approval on March 30. As of December 2025, IBC has facilit ...Read More >
New Delhi, Apr 1 (PTI) The Insolvency and Bankruptcy Code has helped in improving the health of the Indian banking sector, Finance and Corporate Affairs Minister Nirmala Sitharaman said on Wednesday. Parliament passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, after the Rajya Sabha approved the bill with a voice vote. It was approved by the Lok Sabha on March 30. Replying to a short discussion on the bill in the Rajya Sabha, the minister said the World Bank, in its 2019 report, ...Read More >
New Delhi [India], April 1 (ANI): Parliament on Wednesday passed key amendments to the Insolvency and Bankruptcy Code (IBC), with Finance Minister Nirmala Sitharaman stating that the changes aim to address delays, improve recovery outcomes and strengthen investor confidence in India's insolvency framework. The Rajya Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, with a voice vote. It had received the Lok Sabha approval on March 30. Also Read | KKR vs SRH Dream11 Predic ...Read More >
New Delhi, Apr 1 (PTI) The Opposition in the Rajya Sabha criticised the government on Wednesday for frequent amendments to the Insolvency & Bankruptcy Code, significant haircuts, alleged favouritism towards large corporate defaulters, and ongoing infrastructure issues at the NCLT, alongside increasing backlogs before the tribunal. The Rajya Sabha was debating the Insolvency and Bankruptcy Code (Amendment) Bill, 2026. The bill has proposed 12 amendments to the Insolvency & Bankruptcy Code (IBC), ...Read More >
New Delhi [India], April 1 (ANI): Parliament on Wednesday passed key amendments to the Insolvency and Bankruptcy Code (IBC), with Finance Minister Nirmala Sitharaman stating that the changes aim to address delays, improve recovery outcomes and strengthen investor confidence in India's insolvency framework. The Rajya Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, with a voice vote. It had received the Lok Sabha approval on March 30. Replying to a discussion on the bill ...Read More >
New Delhi: Parliament on Wednesday passed amendments to the Insolvency and Bankruptcy Code (Amendment) Bill, 2026 to provide faster resolutions, reduce case backlog and strengthen the financial ecosystem. The Rajya Sabha passed the bill with a voice vote, while it was passed by the Lok Sabha on March 30. Replying to a short discussion on the bill in the Rajya Sabha, Union finance minister Nirmala Sitharaman said the IBC has contributed to the health of the Indian banking sector and helped recov ...Read More >
New Delhi, Apr 1 (PTI) Parliament on Wednesday passed amendments to the Insolvency and Bankruptcy Code (IBC) to provide faster resolutions, reduce case backlog and strengthen the financial ecosystem. The Rajya Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, with a voice vote. It had received the Lok Sabha approval on March 30. Replying to a short discussion on the bill in the Rajya Sabha, Finance Minister Nirmala Sitharaman said the IBC has contributed to the health of ...Read More >
New Delhi, Apr 1 (PTI) The Rajya Sabha on Wednesday witnessed sharp exchanges between Leader of Opposition Mallikarjun Kharge and Parliamentary Affairs Minister Kiren Rijiju, who accused the opposition of indulging in politics at a time when the country should be united in the face of the West Asia conflict. Tempers flared up as Kharge questioned why the government was not holding a discussion on the West Asia crisis in Parliament and attacked Prime Minister Narendra Modi for not being present ...Read More >
New Delhi, Apr 1 (PTI) The National Company Law Appellate Tribunal (NCLAT) has set aside an NCLT order rejecting Belgotex India's insolvency plea against Puneet India on the ground of a pre-existing dispute. Allowing the Belgotex India appeal, a two-member NCLAT bench has remanded the matter back to the New Delhi bench of NCLT, directing it to pass a fresh order after hearing all the parties. The appellate tribunal said a "patent illegality has been committed" by the National Company Law Tribu ...Read More >
The Insolvency and Bankruptcy Board of India has suspended Hitesh Goel, an insolvency professional, for two years due to mishandlings during the insolvency process of Supertech Ltd and Nobility Estates. The decision followed his failure to disclose key details and meet procedural timelines, affecting stakeholders and homebuyers. The Insolvency and Bankruptcy Board of India (IBBI) has revoked Hitesh Goel's registration as an insolvency professional for two years. This decision comes after the IB ...Read More >
New Delhi, Mar 31 (PTI) Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of an insolvency professional for two years for multiple lapses in handling proceedings of Supertech Ltd and Nobility Estates. In its order passed on March 30, the IBBI's disciplinary committee (DC) found that Hitesh Goel failed to perform his duties provided under the Insolvency and Bankruptcy Code (IBC) and related norms during the corporate insolvency resolution process of the two companies ...Read More >
New Delhi, Mar 31 (PTI) Mining billionaire Anil Agarwal's Vedanta Ltd has told the Supreme Court that its tweaked bid for the bankrupt Jaiprakash Associates Ltd was rejected despite being better than Adani Group's offer. In its petition challenging the lenders' decision to accept Adani's takeover offer, Vedanta contended that its addendum bid is about Rs 3,400 crore higher in gross value terms and roughly Rs 500 crore more in net present value compared to the Adani Group's offer. In the bid ch ...Read More >
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