IBC
ET Prime Special Series: Multibagger or IBC – Part 84: Can rising demand for decorative features drive this auto ancillary's growth?
A car can change its engine and still look almost the same. It can also keep the same engine and look so different that buyers happily pay more for it. That is the peculiar corner of the automobile industry this story explores. For one listed supplier, the shift to EVs may be less threatening than it sounds. The bigger question is whether changing consumer preferences can help it build a more valuable business.
ICC Board meetings in Bali to discuss franchise league regulations, governance reforms and WTC cycles
The ICC has begun its final Board and Committee meetings of 2026 in Bali, with franchise league regulation, governance reforms, future World Test Championship cycles and the scheduling of major events through 2035 among the key issues on the agenda. The meetings will also consider qualification pathways, support for Afghan refugee women cricketers and cricket’s expansion in emerging markets such as Indonesia.
NCLT declares Videocon’s Venugopal Dhoot bankrupt in SBI’s Rs 12,668 cr claim
The NCLT has declared former Videocon chairman Venugopal Dhoot bankrupt in proceedings initiated by SBI over personal guarantees for loans extended to the group. The order follows the rejection of his Rs 600 crore repayment proposal, backed by a proposed Siliguri real estate project, against total admitted dues of Rs 12,668 crore.
NCLT declares Videocon promoter Venugopal Dhoot bankrupt on SBI plea; appoints bankruptcy trustee
The National Company Law Tribunal (NCLT), Mumbai Bench, has declared former Videocon Industries promoter and director Venugopal Nandlal Dhoot bankrupt on a petition filed by the State Bank of India (SBI), after the failure of his personal insolvency resolution process and repayment plan.
ET Prime Special Series: Multibagger or IBC - Part 83: Under this auto ancillary’s hood, sales and profits tell different stories
Some auto suppliers spend years trying to win a major customer. This business has been associated with one for four decades. That has helped build manufacturing scale, product capabilities, and a presence near auto plants. But it also creates an unusual equation for investors. Nearly 90% of the company's FY26 revenue is from sales to one related customer. Its portfolio spans parts that can survive the EV transition and others more closely tied to ICE vehicles. The story is about how durable customer access becomes durable returns.
Zee draws line between CBI probe against Subhash Chandra and its business
Zee Entertainment Enterprises has clarified that an Enforcement Case Information Report (ECIR) registered against founder Subhash Chandra in his personal capacity has no bearing on the company or its operations. The development follows an ongoing CBI investigation into an earlier FIR filed by LIC Housing Finance against the promoter entities.
Pema Khandu inaugurates Buddha relic exposition at Tawang Monastery after 13 years
Arunachal Pradesh Chief Minister Pema Khandu attended the inauguration of the sacred relics of Lord Buddha. The relics, returning after thirteen years, will travel through three districts for devotees. Chief Minister Khandu expressed gratitude to Prime Minister Narendra Modi for supporting the event and promoting the state's cultural potential. A new Arunachal Buddhist Confederation will be established to unite local Buddhist traditions and institutions.
NCLAT sets aside insolvency proceedings against Polycab over Rs 2.78 crore dues
NCLAT overturned the insolvency proceedings against Polycab India Limited, which originated from a claim by Asier Metals. The tribunal found unresolved disputes regarding payments and alleged operational dues amounting to Rs 2.78 crore. NCLAT noted that effective communication existed between the two parties detailing ongoing disagreements over credit notes and charges. Additionally, Polycab disputed the creditor's demand, indicating significant unresolved financial matters.
SC directs NCLAT, NCLT presidents to submit proposals on infrastructure, staff requirements
The Supreme Court instructed the presidents of the National Company Law Appellate Tribunal and National Company Law Tribunal to submit proposals. These proposals would outline the requirements for infrastructure and staffing needed to improve tribunal functioning. The court highlighted concerns regarding the collapsing infrastructure at the NCLT Principal Bench. A joint meeting was suggested to identify priorities among stakeholders and tribunal leadership.
ET Prime Special Series: Multibagger or IBC - Part 82: This auto ancillary’s name tells only 20% of the story. What’s the other 80%?
The shift towards electric vehicles, or EVs, is forcing traditional auto-component suppliers to reconsider their future. For some, it threatens core products. For others, it creates opportunities in components that can survive the death of the combustion engine. This supplier finds itself on both sides of that transition. Its original business is exposed to ICE vehicles, while its manufacturing division has developed products relevant to EVs. Alongside, the company is pursuing other initiatives. Will these translate into stronger profits, or will rising financial obligations limit the benefits?
Committee of Creditors cannot withdraw resolution plan nod: Supreme Court
A bench of Justices JB Pardiwala and K Vinod Chandran, while disposing of the appeal filed by Bank of India and other CoC members, including Canara Bank, India Infrastructure Finance, Union Bank of India, UCO Bank and Punjab National Bank, said the resolution plan remains binding between CoC and the successful resolution applicant (SRA), and the improved profitability of the corporate debtor alone cannot be a reason to refuse approval of the resolution plan if it meets the requirements under IBC.
Supreme Court upholds Shree Naman Developers' acquisition of Bengaluru, Pune hotel under NCLT proceedings
The Supreme Court has upheld insolvency proceedings against Gstaad Hotels and Neo Capricorn Plaza. This decision arises while clarifying that disputes over outstanding debt do not prevent corporate insolvency resolution. The National Company Law Tribunal approved resolution plans exceeding the companies' admitted liabilities. Challenges to these proceedings were rejected, emphasizing that historical defaults occurred despite arguments on financial management. The ruling maintains the legality of the insolvency process moving forward.
ET Prime Special Series: Multibagger or IBC - Part 81: Momentum in numbers will decide fate of this auto ancillary's stock
A few years back, the important question for this auto ancillary supplier was whether its investments and customer programmes would begin producing enough revenue. Today, the numbers look very different. Annual income has jumped, exports have risen, and a large overseas-linked order has helped deliver a record quarter. How much of the improvement is repeatable, and how much reflects an unusual opportunity?
ET Prime Special Series: Multibagger or IBC - Part 80: This auto ancillary has assets and cash to expand. Can it find demand?
Eighty instalments into our weekly auto ancillary series, one thing is clear: The investment story of a component maker cannot always be understood from its products alone. Ownership changes, capital allocation, customer relationships, and financial history can be equally important. This week's business illustrates that complexity. Part 80 examines how different forces come together, and what they could mean for a manufacturer whose future may look quite different from its past.
Experts hail SC ruling on creditor’s claim in insolvency-linked dispute between two Bengaluru firms
The Supreme Court has ruled that a creditor whose claim was largely extinguished under an insolvency resolution plan can still use it as a counterclaim for set-off in subsequent arbitration, but cannot independently seek recovery of the extinguished amount.
Polycab India shares fall 6% in two sessions. What’s triggering the selloff?
Polycab India shares dropped 6% in two sessions after NSE announced its exclusion from the equity derivatives segment effective December 30. The move follows an insolvency petition admitted by NCLT over alleged dues of Rs 2.79 crore, which has since been stayed by NCLAT pending an October 26 hearing.
Polycab shares tumble 5% as stock set to exit F&O segment from December 30 onwards. Here's why
Polycab India shares dropped over 5% after the NSE announced its exclusion from the F&O segment from December 30. The move follows insolvency proceedings initiated against the company, although NCLAT has stayed the NCLT order. Existing derivative contracts will continue until their respective December expiries.
ED arrests Rakesh Kumar Gupta, chairman of media broadcast company in insolvency-linked case
Rakesh Kumar Gupta, chairman of Sadhna Group, was arrested under the Prevention of Money Laundering Act. The Enforcement Directorate claims he manipulated insolvency processes to settle large tax dues for a fraction of the owed amount. Allegations include substantial cash transactions linked to cryptocurrency and questionable payments to connected creditors. The court rejected Gupta's defense arguments and deemed the investigation lawful and necessary.
NCLT approved 107 resolution plans worth Rs 11,000 crore in Q2
The National Company Law Tribunal has set a new benchmark by approving 107 Resolution Plans in the second quarter of FY 2026–27, a remarkable rise from 60 approved plans in the corresponding quarter of the previous year. Over the first half of the financial year, a total of 185 plans were sanctioned. To date, the Tribunal has approved 1,735 Resolution Plans since its beginning until the end of September 2026.
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