Tag
Asset Reconstruction
10 articles
Several asset reconstruction companies (ARCs) are actively engaged in insolvency proceedings across India, as evidenced by recent court hearings and actions. Omkara ARC faces multiple proceedings, including a Section 95 IBC proceeding adjourned in Ahmedabad and ongoing matters in Guwahati related to National Plywood Industries. Edelweiss ARC is pursuing recovery efforts against Angad Infrastructure and appealing a High Court order concerning a stalled real estate project, with the Supreme Court encouraging a settlement. Other notable developments include NCLT closing insolvency against a personal guarantor and adjourning hearings involving Prudent ARC, UTI Fund, and Suraksha ARC, reflecting a complex landscape of debt resolution and restructuring activities.
J.C. Flowers vs Bliss Abode NCLT Hearing Adjourned
NCLT New Delhi adjourns Section 7 IBC hearing between J.C. Flowers ARC and Bliss Abode to 29.05.2026.
Matter listed as IB-474/ND/2025 and IA-1978/ND/2026 heard via hybrid VC and physical mode.
No subs
NCLT Transfers Bliss Villa Insolvency Case to Court-II
NCLT allows transfer of Bliss Villa insolvency petition to consolidate related cases involving Rana Kapoor's group entities.
Petitioner J.C. Flowers ARC seeks transfer citing identical loan transactio
Velan Hotels FY26 Net Loss ₹8.50 Crore, Repaid ARC
Board approved audited FY26 standalone results showing a net loss of ₹8.50 crore and negative net worth of ₹15.86 crore.
Company fully repaid its ₹115.96 crore loan to RARE ARC after selling assets, o
Rare ARC NCLAT Insolvency Appeal Adjourned to July
NCLAT adjourns insolvency appeal filed by Rohitkumar Songara against Rare Asset Reconstruction to 16th July 2026.
The appeal challenges an order related to the corporate insolvency resolution process
Rohitkumar Songara vs Rare ARC NCLAT Appeal Listing
NCLAT lists insolvency appeal filed by Rohitkumar Songara against Rare Asset Reconstruction for hearing on May 20, 2026.
Appeal challenges an order related to corporate insolvency resolution process u
Suraksha ARC NCLAT Appeal Re-filing Delay Condoned
NCLAT condoned an 18-day delay by Suraksha ARC in re-filing an appeal against a resolution professional.
The appeal was initially e-filed on 16 April 2026 and defects were intimated on 23 April 2026.
Omkara ARC vs Vistar Financiers NCLAT Appeal Scheduling
NCLAT schedules hearing for Omkara ARC's insolvency appeal against Vistar Financiers for July 8, 2026.
Appeal filed under Company Appeal (AT) (Insolvency) No. 416 of 2018 before Principal Bench in New
CFM ARC Files ₹504.8 Crore Insolvency Against Sare Saamag
CFM Asset Reconstruction files Section 7 IBC petition for ₹504.8 crore debt recovery from Sare Saamag Realty.
Tribunal directs petitioner to serve notice via email and dasti, giving corporate debtor 7
NCLT Admits CFM ARC's ₹504.8 Cr Insolvency Petition Against Saamag
NCLT admits CFM ARC's Section 7 insolvency petition against Saamag Infrastructure over a ₹504.8 crore default.
Petitioner served advance notice and filed default information with NeSL as required unde
CFM ARC Initiates Insolvency Against Saamag Constructions
CFM Asset Reconstruction files Section 7 IBC petition against Saamag Constructions for a default of ₹504.80 crore.
Tribunal directs petitioner to serve notice via email and dasti, giving corporate deb