Jonjua Overseas Limited is set to convene a Board Meeting on May 1, 2026, to evaluate the potential submission of an Expression of Interest (EOI) concerning the insolvency proceedings of Telephone Cables Limited, WhalesBook.com reported. The company is exploring a strategic expansion into distressed asset resolution, with the possibility of forming a consortium for this endeavor. An official announcement on April 28, 2026, confirmed that Jonjua Overseas Limited's Board of Directors will meet on May 1, 2026.

India and New Zealand signed ‌a free trade agreement (FTA) on Monday, lowering tariffs on key fruit imports such as kiwifruit and apples, expanding opportunities for Indian exports and easing visa access as the nations deepen economic ties, Reuters reported. Concluded in December after about nine months of talks, the pact is one of the South Asian nation's fastest trade deals, ​and will cut or remove tariffs on 95% of New Zealand's exports to India, including seafood, iron, steel and scrap ​aluminium.

When you’re getting a 20.75% yield on a bond, you mustn’t expect all smooth sailing. Shapoorji Pallonji Group, India’s biggest private credit borrower and issuer of one of its largest-ever junk bonds, has just reinforced that point. Holders of a high-yield note issued by a unit of the infrastructure conglomerate unanimously agreed to let the company delay paying principal and interest to June 30. Bondholders of the note issued by Goswami Infratech Pvt. received a 25 basis points consent fee for agreeing to push back the maturity from the April 30 deadline.

The State Bank of India has moved a petition in the Supreme Court seeking a review of its February 13 judgment, which held that spectrum, a finite public resource, cannot be used as “assets” owned by telecom service providers (TSPs) during Insolvency and Bankruptcy Code proceedings, TheHindu.com reported. The bank (SBI), acting on behalf of creditors to the bankrupt Aircel group, said the judgment had a far-reaching impact on lenders in insolvency and liquidation proceedings. It argued that the verdict may potentially affect bank financing and risk assessment.

State Bank of India (SBI), on behalf of lenders to the bankrupt Aircel group, has approached the Supreme Court of India seeking a review of its February 13 judgment that barred telecom spectrum from being treated as an asset under insolvency proceedings, warning of far-reaching implications for the banking system and infrastructure financing, the Economic Times of India reported. In a review petition filed on March 30, SBI argued that the ruling contains “errors apparent on the face of the record” and fails to address key legal questions framed earlier by the court.

The Adani Group on Tuesday strongly defended the integrity of the resolution process in the Jaypee Associates insolvency matter before the National Company Law Appellate Tribunal (NCLAT), where Vedanta has challenged the decision of the Committee of Creditors (CoC) to approve Adani's bid, TribuneIndia.com reported. Senior Advocate Ritin Rai, appearing for the Adani Group, submitted that the challenge mechanism was conducted in a fair, transparent, and structured manner, with equal opportunity provided to all prospective resolution applicants.

Real estate asset resolution company ReaRCo Private Limited has acquired KV Developers through the insolvency resolution process, giving hope to nearly 400 homebuyers in Greater Noida who had invested in the project in 2013, the Economic Times of India reported. The firm has also secured Rs 195 crore from the government-backed SWAMIH Fund to complete the project. “Currently, construction of 646 units across five under-construction towers is underway to enable possession for existing homebuyers by the end of the year.

India’s central bank governor warned of persistent inflation risks as the Middle East conflict continues, citing the country’s exposure to the region, the Wall Street Journal reported. “What began as a supply shock can become embedded in the general price level,” said Reserve Bank of India Governor Sanjay Malhotra in a recent speech at Princeton University. “Second-round effects are the real concern,” he said. Such effects refer to spikes in costs that spill into goods and services prices and wages. These can turn a temporary shock into sustained, economy-wide price pressures.

A compact process proposed in India to speed up insolvency resolution can be initiated only by financial creditors having a combined share of at least 51% in debt, according to the draft regulations floated by the bankruptcy regulator, the Economic Times of India reported. The defaulting firm in such cases must respond within 30 days to lenders’ notice seeking proceedings under the Creditor-initiated Insolvency Resolution Process (CIIRP). Faster insolvency process proposed with creditor-led resolution framework.

India plans to set up a special bench of the National Company Law Tribunal (NCLT) with trained manpower to handle cross-border insolvency cases once the new bankruptcy rules are notified, to fast-track proceedings, the Economic Times of India reported. The cross-border framework, approved last month as part of amendments to the Insolvency and Bankruptcy Code (IBC), will be based on a model UN law with modifications to suit the Indian context.