corporate insolvency resolution process

Canara Bank classifies Reliance Communications accounts as ‘fraud’ – Times of India

Canara Bank classifies Reliance Communications accounts as ‘fraud’ – Times of India

NEW DELHI: Canara Bank has classified the accounts of Reliance Communications and its subsidiary Reliance Telecom as "fraud", as disclosed in a BSE filing. However, RCom which is currently under…

Continue ReadingCanara Bank classifies Reliance Communications accounts as ‘fraud’ – Times of India
Spicejet faces another insolvency plea from operational creditor; NCLT issues notice – Times of India

Spicejet faces another insolvency plea from operational creditor; NCLT issues notice – Times of India

NEW DELHI: The National Company Law Tribunal (NCLT) on Monday issued notice to debt-ridden air carrier SpiceJet over the plea filed by one of its operational creditors. A two-member NCLT…

Continue ReadingSpicejet faces another insolvency plea from operational creditor; NCLT issues notice – Times of India