Tue, Aug 20, 2024
A proper evaluation was made based on the earlier direction given by the NCLAT in this matter and a "clear decision was made" by the Committee of Creditors (CoC) of SKS Power Generation.
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Thu, Nov 23, 2023
The firm, which has sizable exposure to China's real estate sector, apologised to its investors in a letter that said it had total liabilities of about 420 billion yuan ($58 billion) to 460 billion yuan ($64 billion).
Sun, Oct 01, 2023
Under the IBC, which provides for a market-linked and time-bound resolution process of stressed assets, creditors have witnessed recoveries of nearly Rs 3 lakh crore so far and the recovery amount stood at more than Rs 51,000 crore in 2022-23 financial year.
Mon, Jul 10, 2023
GoFirst facing financial crisis is now ready to be sold, Resolution professional called for EoI, know full details in this video
Mon, Jul 03, 2023
The role of yet another insolvency resolution professional (RP), Girish Juneja, has come under the scanner of the Committee of Creditors (COC) of Hindustan National Glass (HNG).
Tue, May 23, 2023
Go First Crisis: The suspended board of Go First on Tuesday filed caveats before the Supreme Court against four aircraft lessors of the crisis-hit airline.
Wed, May 17, 2023
NCLAT has set aside the insolvency proceedings against leading bulk tea producer McLeod Russel following a settlement between the promoter and IL&FS Infrastructure Debt Fund
Tue, May 16, 2023
A two-member bench of NCLAT headed by Chairperson Ashok Bhushan said that the realtor has submitted a settlement letter dated 08th May 2023 with its financial creditor, IDFC First Bank.
Sat, Sep 03, 2022
Recoveries from insolvency cases have inched up to 30.6 per cent in Q1 of the current fiscal from 26 per cent in the year-ago period, while the number of insolvency cases filing/admission rose by 23.5 per cent during this period, says a report.
Wed, Aug 24, 2022
Operational creditors of the Future group firm have filed claims worth Rs 265.16 crore, according to the documents uploaded on the official website of Future Retail Ltd (FRL).
Thu, Jul 28, 2022
Government may soon initiate insolvency proceedings on foreign assets. Action can be started on the properties of fugitive promoters. Know full details from Tarun Sharma.
Sun, Mar 27, 2022
Other bidders include Yes Bank, Bandhan Financial Holdings, Cholamandam Investment, OakTree Capital, Blackstone, Brookfield, TPG, KKR, Piramal Finance and Poonawala Finance, sources said.
Mon, Mar 30, 2020
It's good news for companies going through insolvency under the Insolvency and Bankruptcy Code (IBC)! In a major relief , the Insolvency and Bankruptcy Board of India (IBBI) on Sunday said that the period of lockdown will not be counted within the timeline for resolution process.
Fri, Nov 15, 2019
As the Supreme Court on Friday set aside the NCLAT ruling on Essar Steel that provided for equal distribution of proceeds between financial and operational creditors, decks have been cleared for ArcelorMittal's acquisition of the bankrupt steel company.
Thu, Sep 26, 2019
In this segment of Zee Business' Money Guru, know the best health policies for heart patients.
Tue, Sep 24, 2019
In this segment of Zee Business' Money Guru, know what should the buyer do if the builder goes into insolvency.
Tue, Oct 23, 2018
The country should adopt the United Nations model law to deal with the insolvency cases involving overseas companies, a government-appointed panel has suggested in its report. The report of the Insolvency Law Committee (ILC) headed by Ministry of Corporate Affairs (MCA) secretary Injeti Srinivas was submitted to finance and corporate affairs minister Arun Jaitley on Monday.
Fri, Jan 05, 2018
CDB, which is owed around $2 billion along with two other Chinese banks, had filed the petition in November seeking insolvency proceedings against RCom, saying a large amount of loan principal and interest payments was overdue.
Thu, Dec 14, 2017
A large number of cases have been filed under the Insolvency and Bankruptcy Code (IBC) which became operational in December 2016. The law provides for a market-determined and time-bound insolvency resolution process.
Tue, Nov 28, 2017
After RCom said it was 'surprised' by China Development Bank's move to file a petition with NCLT, shares of the company came under fire.
Thu, Jul 06, 2017
Bhushan Steel Ltd reported a March-quarter loss that was much bigger than stated earlier in its unaudited results, as the debt-laden steelmaker was hurt by higher costs.
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