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SC ruling does not disturb creditors' rights to insolvency proceedings, says Sahoo

In view of the judgement, a bank-creditor needs to ask itself when it should initiate proceeding and justify itself, IBBI's Sahoo said.

07 Apr 2019 6:51 PM

SC ruling: RBI to come out with fresh circular on resolution of bad loans

Supreme Court had on Tuesday quashed RBI circular that pertains to provisions for referring the defaulter to NCLT.

04 Apr 2019 1:06 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

BSNL to approach NCLT this week against RCom to recover Rs 700 cr

BSNL has already invoked bank guarantee of around Rs 100 crore submitted by RCom for default on payments, said sources.

17 Mar 2019 1:19 PM

Baba Ramdev's Patanjali raises bid value to Rs 4,350 cr to take over Ruchi Soya

The Committee of Creditors (CoC) could meet next week to consider the revised offer of Patanjali.

14 Mar 2019 8:56 AM

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Ex Essar Steel directors approach NCLT against ArcelorMittal takeover

On Friday, Ahmedabad bench of NCLT had approved the lenders' plan to let global steel giant ArcelorMittal take over debt-ridden Essar Steel.

11 Mar 2019 5:35 PM

NTPC eyes stressed assets under insolvency in NCLT to make deals sweeter

All those insolvency deals so far in the NCLT have got discounts of up to 70 per cent or even more from secured creditors.

03 Mar 2019 12:12 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

NCLAT directs NCLT Ahmedabad to decide on ArcelorMittal's Essar Steel bid by Mar 8

A two-member NCLAT bench said that if the NCLT fails to pass an order by this deadline, it would call records and pass an order.

28 Feb 2019 11:49 AM

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

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ArcelorMittal says facing risks like excess capex on proposed Essar

The world's largest steelmaker ArcelorMittal's takeover proposal of the Essar Steel India Ltd (ESIL).

26 Feb 2019 2:12 PM

Jet Airways shares fall 3 pc on reports of SBI mulling moving NCLT against airline

Shareholders of Jet Airways had approved conversion of loan into shares and other proposals during the extraordinary general meeting.

25 Feb 2019 3:30 PM

SBI says reports of taking Jet Airways to NCLT ‘speculative’

Reports earlier said SBI was mulling moving the NCLT to recover its loans from Jet Airways.

25 Feb 2019 2:07 PM

Govt re-promulgates ordinance for companies law amendments

On Tuesday, the Cabinet cleared the proposal to promulgate the Companies (Second Amendment) Ordinance, 2019.

22 Feb 2019 10:32 AM

Kwality Ltd seeks more time to file results

It said that at the time of initiation of CIRP, the audit work although commenced, but was progressing at a slow pace.

17 Feb 2019 5:17 PM

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Wipro gets relaxation from Sebi for buyback programme

Wipro in November 2018 had filed an application with the Sebi to seek exemption from the strict enforcement of the buyback norms.

16 Feb 2019 5:41 PM

NCLAT extends deadline to decide on Essar Steel insolvency case

NCLT Ahmedabad to decide over the Rs 42,000 cr resolution plan submitted by ArcelorMittal for Essar Steel.

12 Feb 2019 12:25 PM

RCom shares battered further, tank nearly 13 percent

RCom stock plummeted 10.84 per cent to Rs 4.85 on BSE, at NSE, shares crashed 12.61 per cent to Rs 4.85 apiece.

06 Feb 2019 1:00 PM

Telecom tribunal exempts RCom from one-time spectrum charge

TDSAT also directed the DoT to return a 20 billion rupees bank guarantee made by the company.

05 Feb 2019 4:49 PM

NCLAT declines plea of Essar Steel operational creditor

NCLAT declined the plea of an operational creditor of debt-ridden Essar Steel seeking recovery worth Rs 800 crore.

30 Jan 2019 12:24 PM

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