The new bench of the National Company Law Tribunal (NCLT) has admitted Katra Realtors under the corporate insolvency resolution process (CIRP) following an application filed by IL&FS Financial Services Ltd., the Economic Times of India reported. Delhi-based Katra Realtors was a corporate guarantor to listed real estate developer Ansal Properties and Infrastructure (Ansal API), which is also currently undergoing an insolvency resolution process.

A U.S. bankruptcy court has held Byju’s founder, Byju Raveendran, in default and ordered him to pay more than $1 billion after ruling that he obstructed discovery in the case involving the missing Alpha Funds, the Economic Times of India reported. The court issued the default ruling after finding that Raveendran consistently ignored orders and failed to participate in the proceedings, following a motion for default that the lenders filed on August 11. “The court acknowledges that the relief granted herein is extraordinary.

The average time to conclude a resolution process under the Insolvency and Bankruptcy Code (IBC) is on a rise. According to official data, it took 603 days to complete 1,300 corporate insolvency resolution processes (CIRP) in the July-September 2025 quarter, which is higher than 582 days in the corresponding quarter last year, FinancialExpress.com reported. This is way above the 330-day limit set to conclude the process.

Reliance Communications is facing a probe from India's Serious Fraud Investigation Office, it said on Thursday, in a move that will pile more pressure on the insolvent company, which is already under the scrutiny of the country's financial crime-fighting agency, Reuters reported. The company said an SFIO-appointed inspector had asked it and its unit, Reliance Communications Infrastructure, to provide "certain information" for the time period between fiscal year 2009 and 2024, without disclosing further details.

Manipal Education and Medical Group India (MEMG) submitted an expression of interest (EoI) to participate in corporate insolvency resolution process (CIRP) of Think & Learn, the parent company of Byju’s, the Times of India reported. In a statement on Thursday, MEMG India said it sought inclusion in list of prospective resolution applicants and requested access to company’s financial and operational data. This marks the group’s second EoI submission, following an extension of filing deadline to Nov 13.

Ranjan Pai-led Manipal Education & Medical Group Pvt. Ltd. has submitted a second bid to acquire Byju's parent Think & Learn Pvt. Ltd. under insolvency, in what is seen as a move to wrest control of Aakash Educational Services Ltd.—a profitable test-prep coaching centre that Byju's acquired in 2021, the Hindustan Times reported.

India's cabinet has approved spending 450.6 billion rupees ($5.1 ​billion) on support for exporters, including 200 billion rupees in credit guarantees ‌on bank loans, Information Minister Ashwini Vaishnaw said on Wednesday, Reuters reported. The plan includes the allocation of 250.6 billion rupees ‌over six years for affordable trade finance for small exporters, logistics and market support under an export promotion package to help offset the impact of recent U.S. tariff hikes. The new U.S.

Consumer-price growth in India hit a fresh low in October, continuing a trend of declines that has underpinned hopes for interest-rate cuts by the central bank, the Wall Street Journal reported. Inflation cooled more sharply than expected, as food prices contracted and the effects of tax cuts filtered through across sectors. The consumer-price index rose just 0.25% in October—the lowest reading since the data series began in 2012.