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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.

New bankruptcy rules to hit banks

There are promoters who want to regain control over the company by offering the most competitive bids during the...

24 Nov 2017 8:13 PM

Bhushan Steel Ltd, acquired by Tata Steel under corporate resolution process, said today that its board of directors has approved the appointment of T V Narendran as chairman and non-executive additional director of the company.

JSW Steel most likely winner for Bhushan Power

CoC may wait till October 22 when Tata Steel's plea challenging re-bids will come up for hearing before NCLT.

16 Oct 2018 4:31 AM

The merger proposals in the banking sector would require a clearance from the Competition Commission of India, the ministry official said.

Stressed power assets strangulated in recovery

The failure has been much starker in the power sector, which contributes a major chunk of stressed assets.

26 Nov 2018 6:44 PM

Defence Minister Arun Jaitley (Photo: PTI)

Will continue to modify insolvency laws, says Arun Jaitley

The bill was passed by the Lok Sabha last week.

2 Jan 2018 7:37 PM

Centre could look at creating a scaffolding by distancing itself from management of banks through the creation of a Bank Holding Company which could assume the entire government stake in banks.

Public sector banks report Rs 19,000 crore loss

The total losses reported by 16 public sector banks amount to Rs 18,947 crore.

14 Feb 2018 8:44 PM

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

Promoters may be allowed to bid

The Union Cabinet may take up the proposed ordinance during its meeting scheduled for April 25.

24 April 2018 9:30 PM

LIC bought an additional stake of over 3 per cent in Bank of India for about Rs 450.88 crore. (Representational Image)

Bank of India inks pact with NeSL to share data under insolvency rules

BoI will avail NeSL service to expedite corporate insolvency resolution process.

23 April 2018 10:04 AM

Assocham president Sandeep Jajodia also urged the Centre that the NPA norms on getting the account classified under non-performing asset category for core sectors should be extended from 90-days to 180-days. (Photo:PTI)

Resolution of twin balance sheet problem to take 6-9 mths: Assocham

The process of resolution of the companies under Insolvency and Bankruptcy Code (IBC) reference would gather pace in the...

15 April 2018 9:36 AM

The government plans to have more benches of the National Company Law Tribunal on the basis of case load, a senior official said on Wednesday amid rising number of insolvency cases coming up before the NCLT.

Govt plans to have more National Company Law Tribunal benches

A case is admitted for resolution under the Code only after approval from the NCLT.

4 April 2018 2:33 PM

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

Changes to insolvency law to be prospective: MCA official

The 14-member panel, headed by Srinivas, has recommended various changes to the Insolvency and Bankruptcy Code (IBC).

4 April 2018 9:27 AM

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

Insolvency amendment bill to benefit one industry, says Opposition

The insolvency law empowers home buyers to be recognised as financial creditors.

23 July 2018 11:21 AM

A USD 2 billion fraud at Indias Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the banks own internal probe has found.

PNB's NPA recovery in first quarter tops FY 2018 level

The Insolvency and Bankruptcy Code (IBC) resolution process has greatly helped Punjab National Bank.

15 July 2018 10:18 AM