Saturday, Aug 15, 2020 | Last Update : 08:32 AM IST

142nd Day Of Lockdown

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bankruptcy

UK court grants bankruptcy reprieve to Vijay Mallya

The judge concluded that the legal cases being pursued by Mallya in India stood a reasonable prospect of success

10 Apr 2020 9:35 AM

Govt plans to amend IBC to ring-fence buyers of stressed assets from prosecution

The move will help make the insolvency process more attractive for the bidders and instil confidence in them, sources said.

24 Nov 2019 5:29 PM

Govt to start DHFL's bankruptcy proceedings in latest shadow banking crisis

DHFL’s owes its lenders nearly 1 trillion rupees including several mutual funds, banks, pension funds, insurance firms and retail investors.

21 Nov 2019 10:34 AM

Essar leads corporate deleveraging; pays off Rs 1.4 lakh crore: Prashant Ruia

I think we were the first to get off the block and actually take some decisive steps to reducing leverage, said Essar's Prashant Ruia.

13 Oct 2019 11:36 AM

NCLAT allows Dutch court administrator to attend Jet Airways CoC meetings

One of the Jet Airways aircraft, parked in the Schiphol Airport in Amsterdam, has already been seized.

26 Sep 2019 12:30 PM

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Jet Airways Employee Consortium, AdiGroup to bid for 75 pc of airline

The debt-laden company became went into bankruptcy on June 20.

28 Jun 2019 5:06 PM

Insolvency proceedings initiated against Jet Airways

Jet Airways owes more than Rs 8,000 crore to banks, and thousands of crores more in arrears to vendors, lessors and employees.

23 Jun 2019 4:11 PM

Jet Airways: Etihad's demands for open offer waiver, slots pledge not feasible: SBI

SBI-led consortium of 26 lenders had decided to seek resolution under IBC as they had received only a conditional bid.

21 Jun 2019 8:03 PM

RBI circular a welcome step; provides more freedom to bankers: IBA

RBI has given more freedom to bankers to bring their own resolve, said Indian Banks' Association chief Sunil Mehta.

08 Jun 2019 2:59 PM

Stressed assets resolution: RBI mulls giving 60 days additional time for repayments

Against backdrop of the Supreme Court quashing an RBI circular, a revised set of rules would be released soon.

25 Apr 2019 7:54 PM

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SC order on RBI circular negative for banks, may defer debt resolution

Moody's said the resolution of stressed loans impacted by the circular will be further delayed.

02 Apr 2019 7:42 PM

SC quashing RBI circular to give relief to power cos but delay bankruptcy proceedings

"It's early to say but if banks voluntarily still invoke IBC - the impact will be minimal," said Cyril Shroff of Cyril Amarchand Mangaldas.

02 Apr 2019 5:43 PM

Insolvency law's objective is reorganisation of defaulting firms: IBBI's Sahoo

Insolvency and Bankruptcy Code provides a framework for market-driven and time-bound resolution process.

31 Mar 2019 4:54 PM

Government asked banks to save Jet, avoid bankruptcy: sources

jet airways saddled with more than 1 billion dollars of debt.

19 Mar 2019 2:45 PM

Bankers burning midnight oil to resolve Rs 3.8 tn NPAs before deadline

The circular came into effect on March 1 and the 180-day deadline concludes on August 27.

26 Aug 2018 1:42 PM

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Punjab National Bank to have claim on Nirav Modi's US assets

This is the first time that the MCA has intervened in any such foreign case pertaining to an Indian company.

28 Jul 2018 1:36 PM

Adani group emerges as highest bidder to acquire Ruchi Soya

Patanjali Ayurved, the only other qualified player in the race, has bid for around Rs 5,700 crore.

12 Jun 2018 6:55 PM

Patanjali to submit revised bid tomorrow to acquire Ruchi Soya

Patanjali group has submitted its undertaking of having no objection to the 'Swiss Challenge' process adopted by the lenders.

10 Jun 2018 5:55 PM

RCom shares in demand after NCLAT stays bankruptcy proceedings

The stock jumped 19.14 per cent to Rs 20.85 on BSE. At NSE, shares of the company zoomed 20 per cent to Rs 21.

31 May 2018 1:33 PM

RCom in talks with Ericsson to settle dues outside NCLT

Earlier this week, the NCLT in Mumbai admitted an insolvency petition filed by Swedish firm Ericsson against RCom.

18 May 2018 4:03 PM

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