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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.

Operationalising individual insolvency norms a priority: IBBI Chairman

In one year of existence, the Insolvency and Bankruptcy Board of India (IBBI) has already put in place the...

2 Oct 2017 12:56 PM

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

Bankruptcy ordinance puts premium on integrity, promotes clean biz:...

The ordinance is primarily aimed at safeguarding the public money from being misused by dishonest businesses.

28 Nov 2017 10:46 AM

President Ram Nath Kovind has given his assent on Thursday to the ordinance to amend the Insolvency and Bankruptcy Code, 2016. (Photo: PTI)

President okays ordinance to amend insolvency act, make it stricter

The ordinance aims at preventing 'unscrupulous, undesirable persons from misusing or vitiating the provisions of the...

23 Nov 2017 9:46 AM

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

Cabinet nods amendments to insolvency and bankruptcy code

The Finance Ministry had earlier asked banks to ensure that wilful defaulters were prevented from buying same stressed...

22 Nov 2017 11:27 AM

The finance ministry has asked banks to be vigilant to ensure that wilful defaulters are prevented from buying same stressed assets again. (Photo: PTI)

Finance ministry asks banks to prevent defaulters from buying stressed...

It has been brought to the notice of the ministry that some wilful defaulters are making bids to buy assets cases...

19 Nov 2017 1:03 PM

Homebuyers have been protesting after NCLT admitted IDBI Banks insolvency plea against Jaypee Infratech. Photo: Representational/PTI

SC orders Jaypee Infratech to deposit Rs 2,000 crore

The Supreme Court also asked the NCLT-appointed insolvency resolution professional to take over management of the...

11 Sept 2017 8:45 AM

Reserve Bank of India

Viral Acharya confirms RBI sent 2nd list of loan defaulters

Media reports claim 12 large accounts which have been marked for resolution.

7 Sept 2017 3:22 PM

The privatisation of loss-making Air India has hit a roadblock at the starting line-up itself.

AI revival plan may fall short

The airline management seems helpless in tacking these undisciplined, highly paid staff.

28 Dec 2018 8:09 PM

Homebuyers have been protesting after NCLT admitted IDBI Banks insolvency plea against Jaypee Infratech. Photo: Representational/PTI

NCLT, IBC should protect rights of home buyers: Assocham

Efforts should be made to revive projects of Jaypee Infratech whose 32,000 customers have not got possession of their...

20 Aug 2017 11:00 AM

PNB customers will have to pay charges for depositing cash above Rs 5,000 in a non-base branch even if it is located in the same city.

PNB directs 9 bad loan accounts for insolvency resolution

The Reserve Bank earlier in June had asked banks to finalise a resolution plan within six month to resolve bad loans.

8 Aug 2017 3:14 PM

Banks will have to make changes in the existing infrastructure which would be a huge challenge for the banks.(Representational Image)

Insolvency and Bankruptcy Code explained

IBC that was passed in May 2016 replaced three existing laws on insolvency and bankruptcy.

13 July 2017 9:44 AM

Chanda Kochhar of ICICI Bank. (Photo: File)

Chandha Kochhar lauds new Banking Regulation Act

Kochhar says new stressed assets rules will help lenders solve problem in a time-bound manner.

6 May 2017 7:12 AM