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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 3:16 PM IST

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

SC stays insolvency proceedings against Jaypee Infratech

Jaypee Infratech is into road construction and real estate business.

4 Sept 2017 6:50 PM IST

While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore. (Representational image)

Gujarat HC junks Essar Steel plea against RBI's order

Essar Steel was among 12 accounts that were identified for insolvency proceedings.

17 July 2017 5:35 PM IST

Gujarat HC rejects Essar Steel plea against IBC circular

Earlier, HC had stayed insolvency proceedings against Essar Steel that was named among 12 major NPAs.

17 July 2017 4:51 PM IST

'No timeline for identification of additional defaulters'

Mundra says banks are being encouraged to resolve in six months' other cases too.

17 Jun 2017 10:53 AM IST