Sunday, Dec 10, 2023 | Last Update : 06:57 PM IST

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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

Cambridge Analytica files for voluntary bankruptcy in US: court

It filed for voluntary Chapter 7 bankruptcy in the Southern District of New York, court filings showed.

18 May 2018 1:52 PM

Cambridge Analytica shuts down after Facebook privacy scandal

In a press release, the firm went opened up to confirming that they will shut down with immediate effect.

03 May 2018 9:57 AM

Reliance Naval and Engineering auditors raise going concern doubts

Auditors of Reliance Naval and Engineering Ltd have raised doubts about the Anil Ambani-led company’s ability to continue as going concern.

24 Apr 2018 12:44 PM

Lender tears into Jaypee Infra bid evaluation process

IIFCL tore into its valuers assuming a much less toll collections from Jaypee-built expressway.

22 Apr 2018 11:50 AM


NCLT declares rebid for Essar Steel invalid

Essar Steel owes around Rs 49,000 crore to banks, is the biggest asset on the block right now.

20 Apr 2018 9:31 AM

PNB hires lawyers in bankruptcy proceedings of Nirav Modi firm in US

Firestar Diamond approached a bankruptcy court in New York in February.

08 Apr 2018 4:01 PM

State-run bank shares rally after RBI eases bankruptcy provision needs

The banks will need to achieve 50 per cent provision cover for those loans by end-June.

05 Apr 2018 12:23 PM

RBI sets 180-day timeline for banks to settle bad loans

In 2017, the RBI ordered banks to force roughly 40 of the biggest corporate loan defaulters into bankruptcy proceedings.

13 Feb 2018 8:27 AM

NCLT reserves order on SBI’s bankruptcy plea against Bhushan Steel

SBI is claiming to recover Rs 4,295 cr from Bhushan steel along with USD 490 million foreign currency loan.

19 Jul 2017 2:06 PM


'Rs 8 lakh crore NPAs may face bankruptcy proceedings by Mar 2019'

NPAs are a big drain on the financial health of banks especially public sector banks.

16 Jul 2017 4:40 PM

Insolvency and Bankruptcy Code explained

IBC that was passed in May 2016 replaced three existing laws on insolvency and bankruptcy.

13 Jul 2017 3:14 PM

Essar, Bhushan Steels and Electrosteel referred to NCLT for insolvency

Essar Steel, Bhushan Steel and Electrosteel Steel collectively have NPAs worth Rs 1 lakh crore.

23 Jun 2017 11:16 AM

Cabinet okays Bill on bankruptcy for banks

Bill to cover financial entities and insurance firms.

15 Jun 2017 5:21 AM

Pak govt seeks support to shut down PIA over 'bankruptcy' issue

Abbasi said that there had been lack of discipline and accountability in the Pakistan International Airlines (PIA) in the past.

19 May 2017 3:08 PM


RBI given more powers to tackle NPAs: Arun Jaitley

President Pranab Mukherjee last night signed ordinance to amend Banking Regulation Act.

05 May 2017 6:05 PM

Narendra Modi govt notifies new Banking Regulation Act

RBI to issue directions to any banking company to initiate insolvency resolution process in respect of a default.

05 May 2017 5:53 PM

Indo-US nuclear deal: Westinghouse Electric files for bankruptcy

The firm was to build 6 nuclear reactors in Andhra Pradesh along with state-run NPCIL.

29 Mar 2017 6:43 PM

So, how do financial criminals evade laws?

The lack of uniformity between financial systems and regulations allows criminals to participate in these illegal activities

14 Mar 2017 9:11 PM

Answers Corp files for bankruptcy to cut $471 million in debt

The company rebranded itself last year as Multiply, a "fan engagement platform" that connects celebrities and their followers.

04 Mar 2017 9:15 AM