Vedanta Ltd had last week deposited an upfront amount of Rs 5,320 crore also in the escrow account of Electrosteel Steels Ltd.
11 Jun 2018 2:29 PM
The ordinance would give home buyers due representation in Committee of Creditors and make them integral part of decision-making process.
06 Jun 2018 6:38 PM
One fifth of slippages in FY18 was due to RBI withdrawing restructuring schemes: Crisil
06 Jun 2018 2:55 AM
The panel had suggested that home buyers should be treated as financial creditors.
23 May 2018 5:03 PM
Tata Steel said Rs 1,200 crore will be paid to operational creditors of BSL over a period of 12 months.
22 May 2018 7:40 PM
Counsel appearing for Binani Industries said the settling of the creditors' claims will bring the company out of insolvency proceedings.
16 May 2018 12:58 PM
The statement follows NCLT last month approving the resolution plan submitted by Vedanta Ltd for Electrosteel Steels.
14 May 2018 6:40 PM
The Union Cabinet may take up the proposed ordinance during its meeting scheduled for April 25.
25 Apr 2018 3:00 AM
BoI will avail NeSL service to expedite corporate insolvency resolution process.
23 Apr 2018 3:34 PM
The process of resolution of the companies under Insolvency and Bankruptcy Code (IBC) reference would gather pace in the coming months.
15 Apr 2018 3:06 PM
A case is admitted for resolution under the Code only after approval from the NCLT.
04 Apr 2018 8:03 PM
The 14-member panel, headed by Srinivas, has recommended various changes to the Insolvency and Bankruptcy Code (IBC).
04 Apr 2018 2:57 PM
The total losses reported by 16 public sector banks amount to Rs 18,947 crore.
15 Feb 2018 2:14 AM
The bill was passed by the Lok Sabha last week.
03 Jan 2018 1:07 AM
Taking a pot-shot at Congress MP Gaurav Gogoi’s assertion that NPAs have escalated during the rule of the present government.
30 Dec 2017 1:12 AM
There are promoters who want to regain control over the company by offering the most competitive bids during the resolution process.
25 Nov 2017 1:43 AM
Chief Ajay Tyagi adds bankruptcy reforms have had significant impact on developing corporate bonds in various countries.
19 Aug 2017 4:58 PM
Essar Steel had moved high court seeking its direction to quash RBI's direction to banks to initiate insolvency proceedings.
26 Jul 2017 5:18 PM
Bankers, led by IDBI Bank, will be meeting on Friday to decide on Bhushan Power & Steel which has been in default of Rs 37,248 crore to the lenders.
23 Jun 2017 4:37 AM
Banks will move for insolvency proceedings in these 12 cases after due process defined under the Insolvency and Bankruptcy Code, the banker added.
17 Jun 2017 6:15 AM