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

Dangerous to let viable cos close down: IBBI chief

The objective of IBC is to rescue viable companies and close down unviable ones, IBBI chief M S Sahoo said.

4 May 2019 9:19 AM

Jaypee group is selling its assets to reduce debt.

Suraksha's bid to acquire Jaypee Infra fails after creditors reject...

Jaypee Group's promoters too are keen to retain control over its realty arm and have submitted debt resolution plan...

4 May 2019 5:14 AM

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Lenders seek Jet Airways bankruptcy in last-ditch sale effort

Jet and its lenders have been searching for new investors but have failed to agree a proposal.

18 Jun 2019 3:16 AM

Global ratings agency Fitch on Monday said it is doubtful about the strength of corporate governance at ICICI Bank, amid allegations of impropriety against its MD and Chief Executive Officer Chanda Kochhar.

Direct NCLT Allahabad for early hearing on insolvency plea against...

A single member NCLT bench of Justice Bansi Lal Bhat directed to list ICICI Bank's plea on July 1 for hearing.

17 Jun 2019 7:48 AM

Reserve Bank of India (RBI)

New RBI norms to give more lenders headroom to resolve large NPAs:...

New framework provides some leeway to lenders and encourages them to refer cases to IBC, said SBI in its report.

11 Jun 2019 1:40 PM

The financial creditors would vote for the second time on the resolution plan for Jaypee Infratech.

NCLAT extends Jaypee Infratech insolvency period by 90 days

Appellate tribunal rejected the plea of Jaiprakash Associates Ltd, the promoters of Jaypee Infratech, to be eligible to...

30 July 2019 9:32 AM

Essar Steel promoters, however, wanted the CoC to consider their offer as it offered maximum value to all stakeholders and cannot be ignored citing some process lacunae.

Supreme Court orders status quo in Essar insolvency case

Essar Steel was auctioned under the new IBC to recover Rs 54,547 crore of unpaid dues of financial lenders.

22 July 2019 5:59 AM

The state consumer commission had held Jet Airways responsible for causing losses to a passenger.

Dutch bankruptcy administrator moves NCLAT on Jet Airways matter

A consortium of 26 bankers led by SBI had approached NCLT to recover dues of over Rs 8,500 cr from Jet Airways.

12 July 2019 7:18 AM

Former promoters of Fortis Healthcare Ltd, Malvinder Singh and Shivinder Singh, are the persons responsible for the financial absurdity of the company. (Photo: ANI)

NCLAT dismisses HDFC's insolvency plea against RHC Holding

The NCLAT had in January this year issued notices to RHC Holding and other parties and directed them to file their...

10 July 2019 6:33 AM

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

Economic Survey: Debt recovery strengthened, claims of Rs 1.73 lakh cr...

The Survey said that IBC has initiated a cultural shift in the dynamics between lender and borrower, promoter and...

4 July 2019 10:01 AM

Supreme Court of India (Photo: File)

SC upholds IBC amendments, status of homebuyers as financial creditors

The bench said only genuine homebuyers can invoke insolvency proceedings against the builder.

9 Aug 2019 6:39 AM

Sources at the National Aviators Guild (NAG), the pilots union of Jet Airways, said the bond requirement has been communicated to the junior pilots. (Photo: Representational/PTI)

Jet Airways employees seek interim financial relief

AK Mohanty said one month's salary should be released to Jet Airways employees for their basic survival.

6 Aug 2019 10:16 AM