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Reliance Communications Ltds decision to call of the merger with Aircel will weigh heavy on its deal with asset manager Brookfield. Photo: PTI

RCom in talks with Ericsson to settle dues outside NCLT

Earlier this week, the NCLT in Mumbai admitted an insolvency petition filed by Swedish firm Ericsson against RCom.

18 May 2018 4:03 PM IST

Cambridge Analytica, whose clients included Donald Trumps 2016 presidential campaign, sought information on Facebook users to build psychological profiles on a large portion of the US electorate. (Photo: AFP)

Cambridge Analytica files for voluntary bankruptcy in US: court

It filed for voluntary Chapter 7 bankruptcy in the Southern District of New York, court filings showed.

18 May 2018 1:52 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.

State-run banks wiped out the USD 13-billion capital infusion by the...

Around 19 of the 21 state-run banks reported losses for the fiscal, including country's largest lender SBI.

1 Jun 2018 3:36 PM IST

The government on Wednesday said Indias prospects to become a top steel exporter depends on a range of factors, including competitiveness and demand, and will not be impacted by the trade barriers the US has put on imports.

Bhushan Steel appoints 2 additional directors on board

The entire BSL management was changed last month after Tata Steel took control of the company.

8 Jun 2018 5:45 PM IST

The government on Wednesday said Indias prospects to become a top steel exporter depends on a range of factors, including competitiveness and demand, and will not be impacted by the trade barriers the US has put on imports.

Electrosteel allots shares worth Rs 7,400 crore to lenders

The company had yesterday spelled out steps to be taken for completion of its takeover by Vedanta Star Ltd.

6 Jun 2018 1:50 PM IST

Jaypee group is selling its assets to reduce debt.

Two independent directors of Jaypee Infratech resign

IRP will place the resignations for acceptance in the next meeting of the Committee of Creditors.

10 Sept 2018 5:21 PM IST

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 4:30 PM IST

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

Protesting homebuyers call Jaypee insolvency issue a scam

Buyers say they cannot take their claims anywhere and that the government must take responsibility for these things.

12 Aug 2017 8:07 PM IST

Jaypee group is selling its assets to reduce debt.

NCLT admits insolvency petition of IDBI against Jaypee Infra

Allahabad bench of NCLT has admitted the petition filed by IDBI Bank under Section 7 of Insolvency and Bankruptcy Code...

11 Aug 2017 11:40 AM IST

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

Insolvency code defines judicial and commercial aspects

IBC has put commercial aspects in hands of stakeholders, judicial aspects with tribunal, said IBBI chairperson.

15 July 2017 6:43 PM IST

The new law mandates a 180-day deadline to resolve cases.

NCLT sends notice to Bhushan Steel, Bhushan Power over bad loans

SBI is lead banker to defaulters like Bhushan Steel, Essar Steel, Jyoti Structures Ltd and Electrosteel Steel.

14 July 2017 11:18 AM IST

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 3:14 PM IST