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The RBI has always said monetary policy should be accompanied by fiscal policy if the wheels of the economy are to be greased. (Photo: PTI)

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 IST

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...

24 April 2018 12:44 PM IST

Jaypee group is selling its assets to reduce debt.

Lender tears into Jaypee Infra bid evaluation process

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

22 April 2018 11:50 AM IST

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 April 2018 9:31 AM IST

State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

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

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

8 April 2018 4:01 PM IST

The RBI move comes at a time when banks already battling near-record levels of soured loans are staring at an increase in stressed assets after a rule change announced in February.

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.

5 April 2018 12:23 PM IST

The three firms of diamantaire Nirav Modi were issued LoUs worth Rs 6,498 crore.

Punjab National Bank to have claim on Nirav Modi's US assets

This is the first time that the MCA has intervened in any such foreign case pertaining to an Indian company.

28 July 2018 1:36 PM IST

NCLAT has directed the resolution professional, committee of creditors and NCLT not to pass any order in the matter related to insolvency resolution of Essar Steel.

Essar leads corporate deleveraging; pays off Rs 1.4 lakh crore:...

I think we were the first to get off the block and actually take some decisive steps to reducing leverage, said Essar's...

13 Oct 2019 11:36 AM IST

The rules of the new insolvency regulations to bring individual businesses under its purview are likely to be in place soon. (Representational Image)

Govt plans to amend IBC to ring-fence buyers of stressed assets from...

The move will help make the insolvency process more attractive for the bidders and instil confidence in them, sources...

24 Nov 2019 5:29 PM IST

Mortgage lender Dewan Housing Finance Ltd (DHFL) on Tuesday said that it has cleared interest of Rs 961 crore due on non-convertible debentures (NCDs) and would be seeking a rating upgrade from agencies.

Govt to start DHFL's bankruptcy proceedings in latest shadow banking...

DHFL's owes its lenders nearly 1 trillion rupees including several mutual funds, banks, pension funds, insurance firms...

21 Nov 2019 10:34 AM IST

Under the companys plan, Answers will lower its debt by $471 million, according to documents filed in Manhattans US Bankruptcy Court.

Insolvency law's objective is reorganisation of defaulting firms:...

Insolvency and Bankruptcy Code provides a framework for market-driven and time-bound resolution process.

31 March 2019 4:54 PM IST

Jet Airways did not commission the creative being shared on social media platforms, in context of a recent event concerning another domestic airline, the statement said. (Photo: AFP/File)

Government asked banks to save Jet, avoid bankruptcy: sources

jet airways saddled with more than 1 billion dollars of debt.

19 March 2019 2:45 PM IST