Mallya receives fresh blow as judge denies appeal to dismiss bankruptcy proceedings

Jan 13, 2021

London [UK], January 13 : The UK High Court today refused an appeal by the fugitive businessman Vijay Mallya to dismiss the bankruptcy petition...

EV unit of China's Evergrande Group struggles with bankruptcy

Aug 08, 2024

The China Evergrande New Energy Vehicle Group (CENEVG), an electric vehicle production of Chinese Evergrande Group revealed that previously they had initiated talks with...

IBBI alerts insolvency professionals against misuse of IBC framework for tax avoidance and evading investigations

Sep 10, 2026

The Insolvency and Bankruptcy Board of India (IBBI) has warned against the misuse of IBC provisions for tax avoidance and evading investigations, directing resolution...

PNB reports Rs 3,689 crore exposure to DHFL as fraud

Jul 10, 2020

New Delhi [India], July 10 : Government-owned Punjab National Bank (PNB) has reported a fraud of Rs 3,688.58 crore in the non-performing asset (NPA)...

Parliamentary panel backs govt steps to strengthen IBC recovery, seeks deeper action on fund diversion

Aug 13, 2026

A Parliamentary Standing Committee on Finance has backed steps taken by the government to strengthen recovery under the Insolvency and Bankruptcy Code (IBC), while...

UK High Court refuses to release money for Vijay Mallya

Jan 13, 2021

London [UK], January 13 : Fugitive businessman Vijay Mallya has been denied access by a UK court to a significant chunk of his cash...