https://www.thenewj.in THE NEWJ Sun, 30 Nov 2025 05:59:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://www.thenewj.in/2025/11/30/ibc-misuse-rigging-of-bids-before-nclt-under-scanner/ https://www.thenewj.in/2025/11/30/ibc-misuse-rigging-of-bids-before-nclt-under-scanner/#respond Sun, 30 Nov 2025 05:59:25 +0000 https://www.thenewj.in/2025/11/30/ibc-misuse-rigging-of-bids-before-nclt-under-scanner/

Central agencies are scrutinizing the Insolvency and Bankruptcy Code (IBC) process for alleged rigging and misuse. The ED arrested Amit Katyal, Lalu Prasad Yadav’s aide, in a real estate fraud case involving undervalued land sales and bid manipulation. Investigations reveal collusion between bank officials, resolution professionals, and buyers, leading to significant financial irregularities. ]]> https://www.thenewj.in/2025/11/30/ibc-misuse-rigging-of-bids-before-nclt-under-scanner/feed/ 0 2288