Insolvency is simply a financial situation in which a business or entity is unable to pay its debts, whereas bankruptcy is an actual court order that details how an insolvent debtor will sell ...

The NCLAT has issued a notice to Adani Group's Ambuja Cements regarding a plea from Alok Sanghi, the former promoter of ...

NCLAT Chennai sets aside insolvency proceedings against Coffee Day Enterprises Limited, following Supreme Court directive.

NCLAT reserves order on CDEL appeal, leading to resumption of insolvency process for Coffee Day Enterprises Ltd.

In a rare move, NCLT has recalled and set aside its own order directing insolvency proceedings against realty firm Logix Infrastructure in July 2023, saying the plea was initiated with "fraudulent ...