Creditors have realised ₹3.89 lakh crore from resolution plans through March 2025, under India’s Insolvency and Bankruptcy Code (IBC) enacted in the year 2016, TheHindu.com reported. The realisation is more than 32.8% as against the admitted claims and more than 170.1% as against the liquidation value, insolvency regulator Insolvency & Bankruptcy Board of India (IBBI) said in its January-March 2025 quarterly newsletter. Resolution plans on average are yielding 93.41% of fair value of the Corporate Debtors (CDs), it said.

National Company Law Appellate Tribunal (NCLAT) on Monday upheld NCLT's order admitting Future Ideas Company Limited (FICL), part of the Future Group, into insolvency over dues of ₹122.83 crore, the Economic Times of India reported. National Company Law Tribunal (NCLT), Mumbai, admitted FICL into insolvency last month in an insolvency petition filed by Axis Trustee Services, representing Franklin Templeton Asset Management (India) Pvt Ltd as its debenture trustee. A debenture trustee is a body representing the interests of debenture holders while holding debentures for them.

The European arm of Bajaj Auto Ltd. has obtained a EUR 566 million (USD 632 million) unsecured one-year loan from JP Morgan Chase & Co., DBS Bank Ltd., and Citigroup Inc. to fund investments related to its motorcycle business, according to a regulatory filing with the Bombay Stock Exchange, BusinessWorld.In reported. The financing comes just days ahead of the 23 May deadline for KTM AG, the Austrian motorcycle maker, to deposit EUR 544 million with its insolvency administrator and pay out 30 per cent to creditors as part of a restructuring agreement.

The National Company Law Tribunal (NCLT), Ahmedabad, on Friday issued a notice to Gensol Engineering, directing it to file a reply over the insolvency plea filed by public sector Indian Renewable Energy Development Agency (IREDA), IndianExpress.com reported. The IREDA plea came before a two-member bench of the NCLT which posted it for hearing on June 3. The bench refused the PSU’s request to appoint an Interim Resolution Professional (IRP) to take charge of the company as the top leadership had exited in the wake of the ban order passed by the market regulator Sebi.

State-owned Indian Renewable Energy Development Agency said on Wednesday that it has filed a bankruptcy application against Gensol Engineering marking the first instance of a creditor taking the embattled firm to the National Company Law Tribunal (NCLT), Reuters reported. Gensol, a solar energy firm that also procured electric vehicles on behalf of ride-hailing service BluSmart, owes IREDA 5.10 billion rupees ($59.73 million).

India's unemployment rate among individuals aged 15 years and above stood at 5.1% in April, the country's ministry of statistics said in a statement on Thursday, Reuters reported. This is the first of what will be India's monthly labour force data reports, which will cover both urban and rural areas. Previously, the government published quarterly and annual employment statistics for urban and rural areas respectively. India's labour statistics have been criticised in the past for long delays and an unrealistic picture of the unemployment in the country.

The National Company Law Appellate Tribunal has dismissed an insolvency petition against PepsiCo India Holdings after observing that provisions of IBC cannot be turned into a debt-recovery proceeding, the Times of India reported. The appellate insolvency tribunal has upheld the earlier order passed by the Chandigarh bench of the National Company Law Tribunal, which had rejected SNJ Synthetic's plea.

India is looking at levying import duties on some products made in the United States to counter Washington's tariffs on steel and aluminium products, a document submitted to the World Trade Organization shows, Reuters reported. "The proposed suspension of concessions or other obligations takes the form of an increase in tariffs on selected products originating in the United States," the document dated May 12 said.

Mumbai-based Tikona Infinet Pvt Ltd moves to settle its dues related to Series 'E' Compulsorily Convertible Debentures (CCDs) with L&T Finance Ltd, bringing closure to the insolvency resolution process against the broadband services provider, the Economic Times of India reported. The process for formal withdrawal of the insolvency petition from the NCLT is currently underway, said the company in its release. “It was a dispute amongst the shareholders about Coupon Rights,” said Prakash Bajpai, founder and chief executive of Tikona Infinet, in a statement.