A two-member bench, headed by Justice S J Mukhopadhaya, also pulled Liberty House for not pursuing the corporate insolvency resolution process after being selected as the highest bidder.

Stressed carrier Jet Airways (India) Ltd has only 70 aircraft or 57 percent of its fleet in operations, a senior aviation ministry official has said. This translates into 43 percent of the fleet of the airline being inactive. The statement comes in stark contrast to Jet Airways' exchange fillings, which maintain that the airline only has 25 planes or 20 percent of its fleet not in operations.

After 583 days it was admitted into the National Company Law Tribunal (NCLT) for insolvency proceedings, a ruling may finally be in the offing for Essar Steel India Ltd (ESIL)

Max group promoter Analjit Singh is looking to sell assets to repay loans raised through the pledging of promoter shares, reported Business Standard.