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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.

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 11:24 AM

Injeti Srinivas said on Wednesday that the amendments, as and when implemented, would be prospective in nature.

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

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

26 March 2019 7:12 AM

Jet Airways stock ended the day at Rs 604.35, down 1.55 per cent from the previous close on BSE.

Creditors-company negotiations better than insolvency: govt official...

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

25 March 2019 8:06 AM

NCLAT has upheld the previous order of the Chandigarh bench of NCLT, which had imposed a cost of Rs 1 lakh on Liberty House citing casual approach.

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.

8 March 2019 7:25 AM

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

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...

1 March 2019 10:44 AM

Union Minister Arun Jaitley. (Photo:ANI)

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.

1 March 2019 6:12 AM

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)

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

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

21 April 2019 6:04 AM

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

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 April 2019 8:32 AM

NITI Aayog Vice-Chairman Arvind Panagariya

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...

14 April 2019 10:15 AM

The agenda going forward is clear: The banks have to regain the confidence of investors so that they can raise funds from the capital markets and not be dependent on government. (Representational image)

Public sector banks recover Rs 1.2 lakh cr from bad loans in 2018-19

Banks recovered close to Rs 55,000 crore from the NCLT resolution, an official said.

25 May 2019 7:42 AM

As on March 31, 2019, there were 1,143 cases outstanding under the IBC of which resolution in 32 per cent of the cases was pending for more than 270 days.

IBC process helps recover Rs 70,000 cr bad loans in FY19: Report

The recovery rate for the 94 cases resolved through IBC by FY2018-19 is 43 per cent.

15 May 2019 3:19 AM

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 Steel shareholder seeks rejection of ArcelorMittal bid for...

Essar Steel shareholder ESAHL said ArcelorMittal India Ltd and its promoter Lakshmi Mittal had 'misled' Supreme Court.

7 May 2019 9:42 AM