The resolution professional (RP) Ashish Chawcharia requested three weeks time to float the EoI.
19 Dec 2019 7:24 PM
The city-headquartered pureplay mortgage lender becomes the first NBFC/HFC to go for bankruptcy resolution.
29 Nov 2019 4:22 PM
The banks should be looking at other options for recovering loans before invoking the IBC, said Corp Affairs Secy Injeti Srinivas.
14 Oct 2019 10:18 PM
It appears wisdom is yet to dawn despite serious banking events that keep bobbing up every few months.
28 Sep 2019 12:00 AM
Scheme will become effective after the company files the certified copy of the NCLT order along with the amalgamation scheme.
14 Sep 2019 10:47 AM
Ruchi Soya informed that resolution applicant Patanjali group will infuse Rs 204.75 crore.
09 Sep 2019 9:39 AM
The Dutch Court Administrator has also agreed before NCLAT not to sell the confiscated assets of debt-ridden Jet Airways.
04 Sep 2019 3:36 PM
In both cases, homebuyers relied on the amended Insolvency and Bankruptcy Code (IBC), which gives them a new status as financial creditors.
26 Aug 2019 1:16 AM
In recent times, the ministry has initiated stringent action against various entities, including auditors, in the IL&FS scam, among others.
12 Aug 2019 5:40 PM
When it was operational, Jet Airways had over 22,000 employees of them over 16,000 were on the rolls.
09 Aug 2019 1:50 PM
RCom lenders have claimed dues of around Rs 49,000 crore on the company till May 2019.
06 Aug 2019 9:48 AM
Financial journalist Deepali Gupta talks about her fascination with the boardroom battle between Ratan Tata and Cyrus Mistry.
31 Jul 2019 12:03 AM
A two-member bench headed by Chairman Justice S J Mukhopadhaya has asked IDBI Bank to file an affidavit by Friday.
17 Jul 2019 7:01 PM
NCLT said that alleged fraud reports will not have any impact on the insolvency resolution process and JSW's resolution plan for BPSL.
15 Jul 2019 3:29 PM
Credit costs are expected to moderate for corporate-heavy banks such as ICICI Bank, Axis Bank and State Bank of India.
11 Jul 2019 1:55 AM
The consortium of 26 bankers led by State Bank took the grounded Jet Airways to NCLT to recover their dues of over Rs 8,500 crore.
04 Jul 2019 4:43 PM
The Survey said that IBC has initiated a cultural shift in the dynamics between lender and borrower, promoter and creditor.
04 Jul 2019 3:31 PM
The company had said it would utilise the entire proceeds for debt reduction.
01 Jul 2019 5:43 PM
The total admitted debt in the resolution process was around Rs 6,500 crore.
29 Jun 2019 3:11 PM
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