Tag : "Insolvency"

Bank of India Initiates Insolvency Proceedings Against TIL
Business
Corporate & Industry Insights
Bank of India Initiates Insolvency Proceedings Against TIL

The Bank of India has filed for insolvency against TIL, a Kolkata-based manufacturer, due to failed …

Updated : Jul 19, 2026, 06:04 AM IST
Scottish Distillery Enters Liquidation After Award-Winning Success
Business
Corporate & Industry Insights
Scottish Distillery Enters Liquidation After Award-Winning Success

The Secret Garden Distillery, recently named UK Gin Producer of the Year 2025, has entered voluntary…

Updated : Jul 14, 2026, 12:14 PM IST
1/9/2023: The Economic Times: IL&FS Clears ₹1.3kcr Dues of Canara, Others
Economy
Trade & Commerce
1/9/2023: The Economic Times: IL&FS Clears ₹1.3kcr Dues of Canara, Others

In a significant move, IL&FS has paid ₹1,300 crore to Canara Bank and other lenders, marking its sec…

Updated : Jul 12, 2026, 06:06 AM IST
Ola Electric Faces Third Insolvency Petition, Gets NCLT Notice
Startup
Failures & Comebacks
Ola Electric Faces Third Insolvency Petition, Gets NCLT Notice

Ola Electric is now facing a third insolvency petition from Seoyon E-Hwa Summit Mobility, amid ongoi…

Updated : Jul 11, 2026, 12:25 AM IST
Ola Electric Faces Supplier Insolvency Petitions, Links Dispute To Ongoing Arbitration
Startup
Failures & Comebacks
Ola Electric Faces Supplier Insolvency Petitions, Links Dispute To Ongoing Arbitration

Ola Electric is confronting insolvency petitions from two suppliers, attributed to ongoing arbitrati…

Updated : Jul 8, 2026, 03:26 PM IST
NCLT to Admit Case Only if Debt, Default Established
Business
Corporate & Industry Insights
NCLT to Admit Case Only if Debt, Default Established

The NCLT will now require proof of 'debt' and 'default' for case admissions under the amended Insolv…

Updated : Jul 3, 2026, 04:20 PM IST
Can the ED attach a company’s assets after it enters insolvency? | Explained
Business
Corporate & Industry Insights
Can the ED attach a company’s assets after it enters insolvency? | Explained

NCLAT rules that IBC moratorium does not protect assets from ED attachment under PMLA, clarifying le…

Updated : Jul 3, 2026, 05:56 PM IST
Udaan In Fresh Crisis, Mega Deal Slump In H1 & More
Startup
Funding & Investments
Udaan In Fresh Crisis, Mega Deal Slump In H1 & More

Udaan faces insolvency proceedings over a $170 million bond default, amid a broader slump in startup…

Updated : Jul 3, 2026, 08:00 AM IST
IBBI Seeks Tighter Regulations Around Personal Guarantors, Valuation of Insolvent Firms
Economy
Fiscal Policy
IBBI Seeks Tighter Regulations Around Personal Guarantors, Valuation of Insolvent Firms

The IBBI proposes changes to protect creditors and enhance transparency in the valuation process for…

Updated : Jul 3, 2026, 06:08 AM IST
Bank of Baroda to Pay $600 Million to Settle NMC Health Insolvency Claims
Business
Corporate & Industry Insights
Bank of Baroda to Pay $600 Million to Settle NMC Health Insolvency Claims

Bank of Baroda has agreed to a $600 million settlement with NMC Health's administrators, addressing …

Updated : Jul 3, 2026, 05:59 AM IST
IBBI Seeks to Streamline Real Estate Insolvency Regulations with Focus on Homebuyers
Economy
Fiscal Policy
IBBI Seeks to Streamline Real Estate Insolvency Regulations with Focus on Homebuyers

India's bankruptcy watchdog proposes reforms to expedite real estate insolvency, prioritizing projec…

Updated : Jul 1, 2026, 06:50 PM IST