Market pulse › Insolvency and defaults
Insolvency and defaults
Today2 stories · 3 articles
Net tone▼ −67% today
Market checkAdani Power +1.6%
Developing2 storylines
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Policy● mixedLet’s take stock of India's Insolvency and Bankruptcy Code: is it aligned with the economy’s interests?
Legal▼ bearishNCLAT rejects Affle 3i appeal, allowing fresh application before NCLTNCLAT dismissed Affle 3i’s appeal over Talent Unlimited’s insolvency proceedingsAffle 3iStartup shutdowns
● mixedYour queries on loan: Can’t stop paying EMIs even if builder defaults on deliveryAsset qualityNido Home Finance
Legal● mixedFlorida Railroad Brightline Files for Bankruptcy to Cut Heavy Debt BurdenBrightline filed for Chapter 11 bankruptcy to reduce its heavy debt burdenRailwaysStartups and VC
Policy● mixedIBBI gives professionals more time to report personal guarantor casesIBBI extended the deadline for personal guarantor insolvency filings to December 31
Funding and debt▲ bullishPC Jeweller clears dues to all 14 consortium banks and becomes debt-freeThe company cleared approximately ₹3,000 crore of debtPC JewellerBanksRetail
Legal▲ bullishIBC helps 1.4 lakh homebuyers move closer to possession from stalled projectsMore than 1.4 lakh homebuyers have received homes from stalled projectsHousingReal estateAdani Group
Legal▲ bullishAdani Power share price jumps after receipt of NCLT nod for merger of 10 wholly owned subsidiariesNCLT Mumbai Bench approved Adani Power’s merger of 10 wholly owned subsidiariesAdani PowerAdani GroupPower sector
Deal▲ bullishNCLT approves Dabur’s merger with Sesa CareDabur acquired a majority stake in Sesa Care in October 2024Dabur India
Legal▼ bearishNCLT capacity crunch puts insolvency timelines under pressureIndia’s insolvency tribunal has 11 vacancies and insufficient infrastructureZee EntertainmentInfrastructureSupreme Court