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

SC order on RBI circular negative for banks, may defer debt resolution

Moody's said the resolution of stressed loans impacted by the circular will be further delayed.

2 April 2019 7:42 PM IST

Supreme Court of India. (Photo: Representational Image)

SC quashing RBI circular to give relief to power cos but delay...

"It's early to say but if banks voluntarily still invoke IBC - the impact will be minimal," said Cyril Shroff of Cyril...

2 April 2019 5:43 PM IST

The Supreme Court also referred to the National Crime Records Bureau Data stating every six hour a woman is raped in the country. (Photo: File | ANI)

Supreme Court rejects tough RBI rule on debt resolution: Reports

Several companies, especially power firms, had sought intervention of the Supreme Court.

2 April 2019 1:26 PM IST