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Syndicate Bank has reported a net loss of Rs 263.19 crore for the June quarter of 2017.

Business

Syndicate Bank expects Rs 4,000 cr from NPA recovery in FY20

The bank has recovered about Rs 800 crore in the first quarter, said Syndicate Bank MD Mrutyunjay Mahapatra.

12 Aug 2019 5:06 PM IST

Homebuyers can create accounts on the MahaReRA website.

Business

Homebuyers can file insolvency cases: Supreme Court

The court described remedies under the Consumer Protection Act, 1986, and RERA as concurrent remediesâ€.

10 Aug 2019 1:24 AM IST

Business

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 12:09 PM IST

Bank of Baroda on Tuesday said its loan account to debt-laden Infrastructure Leasing and Financing Services (IL&FS) continues to remain standard at present.

Business

NCLAT expresses displeasure over delay in IL&FS resolution

NCLAT directed Corporate Affairs Ministry and IL&FS group to file a fresh progress report by September 3.

8 Aug 2019 8:43 PM IST

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)

Business

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 3:46 PM IST

Union Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the Monsoon Session of Parliament. (Photo: PTI)

India

Rajya Sabha adjourned for day, passes Insolvency and Bankruptcy Code...

The chair called Amar Patnaik (BJD) to initiate the debate on the bill

3 Aug 2021 4:05 PM IST

The notice comes just days after Law and IT Minister Ravi Shankar Prasad warned the social media giant Facebook of stringent action for any attempt to influence polls through data theft. (Photo: PTI/File)

Business

Cabinet clears amendments to bankruptcy code

The panel had suggested that home buyers should be treated as financial creditors.

23 May 2018 5:03 PM IST

Leading public sector lenders State Bank of India (SBI) and Punjab National Bank (PNB) have put their 15 non-performing assets worth Rs 1,063 crore for sale.

Business

SBI biggest beneficiary of Bhushan Steel sale to Tatas

Tata Steel said Rs 1,200 crore will be paid to operational creditors of BSL over a period of 12 months.

22 May 2018 7:40 PM IST

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

Business

NCLT helps recover Rs 80,000 crore

In 2019, the NCLT is expected to finalise corporate insolvency resolution process of several stressed assets.

26 Dec 2018 12:57 AM IST

$The ongoing Binani Cement insolvency case has taken a new twist with the operational creditors (OCs) of the debt-ridden firm terming the Dalmia Bharat offer for their outstanding dues as \pittance\ and rejecting it outright, vowing to fight \tooth-and-nail\.$ Business

Binani Industries offers to pay 100 pc claims of debtors

Counsel appearing for Binani Industries said the settling of the creditors' claims will bring the company out of...

16 May 2018 12:58 PM IST

$Moodys Investors Service on Monday termed mining giant Vedantas acquisition of bankrupt Electrosteel Steels through insolvency process as \credit positive\, saying the move would augment the formers business profile and revenue generation.$ Business

CCI approves acquisition of Electrosteel Steels by Vedanta

The statement follows NCLT last month approving the resolution plan submitted by Vedanta Ltd for Electrosteel Steels.

14 May 2018 6:40 PM IST

Vedanta acquires management control of Electrosteel Steels

Vedanta Ltd had last week deposited an upfront amount of Rs 5,320 crore also in the escrow account of Electrosteel...

11 Jun 2018 2:29 PM IST