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Internal Advisory Committee News
Internal Advisory Committee
SBI may begin insolvency proceedings against 12 defaulters
Tue, Jan 02, 2018
A total of 28 accounts were identified by the RBI as wilful defaulters of lenders, which are facing heavy stressed assets in their balance sheet.
Jyoti Structures: NCLT admits corporate insolvency resolution process filed by SBI
Mon, Jul 24, 2017
Jyoti Structures which owes over Rs 7,000 crore to a list of bankers said on Monday that NCLT has admitted CIRP filed by SBI to whom its owes over Rs 1,200 crore.
Essar Steel seeks more time for debt restructuring
Mon, Jul 17, 2017
After Gujarat High Court dismissed Essar Steel's petition, the company in a statement highlighted observations made by the court.
Q1FY18 results for the banking sector don't look too upbeat
Mon, Jul 10, 2017
Looks like India's banking universe especially PSBs will continue to suffer with subdued earnings in Q1FY18.
NCLT priority for insolvency: RBI partially retracts statement
Sun, Jul 09, 2017
RBI had said it has identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 crore of outstanding loans accounting for 25 per cent of total NPAs of banks.
Have zero tolerance on NPAs; fight cases: Finmin to banks
Sat, Jul 08, 2017
The ministry has been asking banks to take tough action against such borrowers and be ready to fight court cases as well.
More companies expected to follow Essar Steel's footsteps; what does this mean for loan resolution?
Wed, Jul 05, 2017
According to the norms, once the case is with the NCLT, the lenders or the banks need to set up a committee of creditors that will come up with a plan on how the asset will be tackled.
NPA issue: After Insolvency & Bankruptcy code; RBI now tightens S4A norms
Thu, Jun 22, 2017
RBI has enlarged the overseeing committee to review resolution under the S4A scheme where corporates exposure of loan is Rs 500 crore in banks gross NPAs.
As Lanco Infratech walks towards NPA resolution; other defaulters' shares gain
Tue, Jun 20, 2017
Lanco Infratech becomes the first company to be pushed towards insolvency for its bad loans.