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The National Company Law Appellate Tribunal (NCLAT) has given the promoters of Supreme Housing and Hospitality a chance to settle their dues with Canara Bank by depositing a reduced amount of ₹460 crore into a no-lien account at the bank by June 13, the Economic Times of India reported. The Mumbai-based real estate company owes the bank a total of ₹567 crore. "We are of the view that one opportunity, which will be the last opportunity, be given to the appellant, for discharge of its debt.
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The recoveries under the Insolvency and Bankruptcy Code (IBC) against admitted claims nearly halved in FY 2025-26 to 23 per cent from 46 per cent in the preceding financial year due to rising delays, a report said on Thursday, according to the Economic Times of India reported. At the same time, the number of cases admitted in the corporate insolvency resolution process (CIRP) declined by 5 per cent to 679 from 724, according to a report by rating agency Icra.
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Dalmia Cement (Bharat) Ltd on Friday said it has signed a deal to acquire key cement assets of Jaiprakash Associates Ltd (JAL) from the Adani Group-led insolvency resolution process for an enterprise value of Rs 2,850 crore, in a move that will deepen its footprint in central India and accelerate its capacity expansion plans, the Economic Times of India reported. The transaction, executed through a Business Transfer Agreement with JAL and Adani Infra (India) Ltd on May 21, covers cement plants at Rewa in Madhya Pradesh and Churk, Chunar and Sadwa in Uttar Pradesh.
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The Indian government has notified changes to the Insolvency & Bankruptcy Code, easing rules for resolution in micro, small, and medium enterprises (MSMEs), while tightening conditions to prevent conflicts of interest in pre-packaged insolvency resolution, the Economic Times of India reported.
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Adani Ports and Special Economic Zone on Thursday, May 21, 2026, said it will acquire a 100% stake in Jaypee Fertilizers & Industries from Jaiprakash Associates for ₹1,500 crore, as part of the National Company Law Tribunal (NCLT) approved resolution plan for Jaiprakash Associates Ltd. (JAL), The Hindu reported. Adani Ports and Special Economic Zone Ltd (APSEZ), in a regulatory filing, said the acquisition will further consolidate the company's inland logistics presence and service capabilities in North India.
Videocon Group's former chairman and managing director Venugopal N Dhoot has moved the Supreme Court seeking inclusion of the foreign oil and gas assets of various Videocon entities in the insolvency process of Videocon Industries (VIL), a plea rejected by the National Company Law Appellate Tribunal (NCLAT) last week, The Economic Times reported. The appeal filed this week is yet to be listed for hearing before the SC.
Corporate insolvency resolutions dropped to a 13-quarter low of 36 cases being resolved by the National Company Law Tribune (NCLT) during Jan-March 2026, compared with 70 a year ago, with just eight plans approved in February and seven in March, the Times of India reported. This was the lowest March quarter for the resolution process since Jan-March 2022 when just 29 cases were approved, according to Insolvency & Bankruptcy Board of India (IBBI) data.
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