corporate insolvency resolution process Archives

Byju’s goes to war: .5 billion lawsuit brewing against Glas Trust; here’s what the matter is about – Times of India

Byju’s goes to war: $2.5 billion lawsuit brewing against Glas Trust; here’s what the matter is about – Times of India

Post author:1m1bchangemakers
Post published:July 17, 2025
Post category:Business
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Byju's founders Byju Raveendran and Divya Gokulnath are preparing a $2.5 billion lawsuit in India and overseas as the edtech giant battles insolvency proceedings and a legal dispute with Glas…

NCLAT rejects BCCI, Riju Raveendran’s plea for settlement in Byju’s insolvency case – Times of India

Post author:1m1bchangemakers
Post published:April 18, 2025
Post category:Business
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NEW DELHI: National Company Law Appellate Tribunal (NCLAT) has dismissed appeals filed by the BCCI and Byju’s board member Riju Raveendran, rejecting their request to withdraw insolvency proceedings and allow…

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

Post author:1m1bchangemakers
Post published:November 16, 2024
Post category:Business
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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…

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

Post author:1m1bchangemakers
Post published:September 23, 2024
Post category:Business
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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…