Thursday, Apr 25, 2024 | Last Update : 08:54 PM IST

IBC Page-2

Dangerous to let viable cos close down: IBBI chief

The objective of IBC is to rescue viable companies and close down unviable ones, IBBI chief M S Sahoo said.

04 May 2019 2:49 PM

Suraksha's bid to acquire Jaypee Infra fails after creditors reject offer

Jaypee Group's promoters too are keen to retain control over its realty arm and have submitted debt resolution plan under IBC.

04 May 2019 10:44 AM

Jet Airways crisis: Lenders keen on non-IBC resolution in case bidding process fails

Running into debt of more than Rs 8,500 crore, Jet Airways has shut down operations temporarily.

21 Apr 2019 11:34 AM

Creditors recover nearly half of total claims in 88 insolvency cases

Claims totalling a little over Rs 1.42 trillion were admitted in 88 cases under IBC till Feb 28, IBBI data showed.

15 Apr 2019 2:02 PM

Modi govt has major successes in social sector schemes: Panagariya

Panagariya said government has managed to accelerate outcomes in sectors like roads, railways, waterways, aviation and digitisation.

14 Apr 2019 3:45 PM

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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

Over 12,000 cases filed since implementation of insolvency law, says govt

Corporate Affairs Secretary Injeti Srinivas said the NCLT has been very expeditious in disposing cases related to insolvency.

26 Mar 2019 12:42 PM

Creditors-company negotiations better than insolvency: govt official on Jet Airways

In afternoon trade, shares of Jet Airways rose nearly three per cent to Rs 232.35 on the BSE.

25 Mar 2019 1:36 PM

NCLAT allows withdrawal of Liberty House bid for ARGL

NCLAT also said that its order would not debate Liberty House in participating in other resolution processes.

08 Mar 2019 12:55 PM

Over Rs 2 lakh crorebad loans settled, says govt offical

Injeti Srinivas was speaking at the inaugural session of a three-day international conference on 'Insolvency and Bankruptcy Laws'.

01 Mar 2019 4:14 PM

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IBC brought back Rs 3 lakh crore into banking system: Jaitley

On the issue of non-performing assets (NPAs), he said the curve is going down.

01 Mar 2019 11:42 AM

Fraud-hit PNB ranks highest in implementation of 'reforms agenda' in 2018: Study

The bank's net profit rose 7.12 per cent to Rs 247 crore in the three months to December 2018.

28 Feb 2019 5:32 PM

Kotak ties up with ADIA for USD 600 mn distressed assets fund

ADIA has committed USD 500 million for the special situations fund, while Kotak will invest the remaining.

28 Feb 2019 5:21 PM

JM Financial files application with NCLT against Hotel Leela Venture

The potential share issue could have hiked the JMARC’s stake in Leela Venture to 75 per cent from the current 26 per cent.

26 Feb 2019 2:21 PM

'Effective steps' on anvil to deal with frivolous bids under IBC, says official

Srinivas also said a time would come when the Code becomes the last resort to deal with stressed assets.

26 Feb 2019 2:18 PM

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New recovery process works

There’s also a need to set up a Public Credit Registry swiftly that would offer information on a borrower’s creditworthiness.

30 Dec 2018 12:10 AM

Keep more capital buffer for your own interest: RBI ED to banks

Banks with capital will get going and those without it will be punished by the ecosystem.

07 Dec 2018 12:22 PM

Trade war will help India emerge as bigger trading, mfg base: Jaitley

Jaitley said the rising oil prices, too, pose a challenge for the economy, since India is a net importer of crude oil.

28 Sep 2018 12:56 PM

PNB eyes IBC route for Rs 6,000 crore power NPA recovery

PNB will go for the NCLT route of recovery rather than debt restructuring with companies.

29 Aug 2018 9:22 AM

Cos under insolvency process to face additional surveillance

The data available with the BSE shows that 75 firms are undergoing insolvency process as per the IBC.

09 Jun 2018 5:36 PM

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