Shivinder Mohan Singh, former promoter of Fortis Healthcare and Religare Enterprises, has filed for personal insolvency before the National Company Law Tribunal (NCLT) in Delhi, reported Bar and Bench. The matter was briefly heard on April 21 and is scheduled to resume in May. Singh has invoked Section 94 of the Insolvency and Bankruptcy Code (IBC), which allows individuals to file for insolvency if they are unable to repay debts. In his plea, Singh stated that his liabilities now exceed the value of his remaining assets.
Read more
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
This content is reserved for Global Insolvency Members or members of the American Bankruptcy Institute. Create an account now to gain access. Enjoy free membership for a limited time.
Already a member? Login here.
U.S. Vice President JD Vance is holding talks with Indian Prime Minister Narendra Modi in New Delhi on Monday as the South Asian nation looks to strike an early trade deal with Washington that spares it from President Donald Trump’s additional tariff hikes, Bloomberg News reported. Vance arrived at Modi’s private residence in the capital just before 7 p.m. local time for bilateral talks with the prime minister, followed by another discussion that will include members of their respective delegations. Modi is then expected to host Vance, his wife Usha and their three children for dinner.
Read more
The National Company Law Appellate Tribunal (NCLAT) has set aside the appeals filed by BCCI and Riju Raveendran seeking withdrawal of insolvency proceedings against Byju’s and consider the settlement between the debt-ridden edtech firm and the apex cricket body, The Hans India reported.
Read more
When Indian education-technology company Byju’s was ordered last year to freeze over $500 million as part of a U.S. court battle with its lenders, it said the funds were safely within the business, WSJ Pro Bankruptcy reported. Byju’s by that time had already moved the half-billion dollars out of the U.S. through transactions involving a little-known hedge fund that were obscured in financial statements showing the cash sitting in its accounts, court records show.
Read more
A consortium of Indian banks, led by State Bank of India, on Wednesday (April 9, 2025) won their court appeal in London to uphold a bankruptcy order against Vijay Mallya in a long-standing legal battle seeking repayment of a judgment debt owed by his now-defunct Kingfisher Airlines, TheHindu.com reported. High Court judge Anthony Mann ruled in favour of the banks to allow an appeal heard in February, while refusing two applications seeking permission to appeal filed by the 69-year-old businessman, declared a fugitive and wanted for fraud and money laundering charges in India.
Read more