Latest News on Bankruptcy proceedings
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Bankruptcy proceedings - Total results - 6
Aug 16, 2017
Our fully sympathy with agitating Noida home buyers: Finance minister Arun JaitleyHundreds of home buyers had been left in the lurch after the Allahabad bench of the NCLT last week admitted IDBI's plea for initiating insolvency proceedings against Jaypee Infratech for defaulting on a Rs 526-crore loan
Jun 22, 2017
Boris Becker bankruptcy: Why India's rich borrowers often go scot-free despite stringent rulesIn India rich borrowers are insulated from bankruptcy proceedings thanks to the veil of incorporation
Jun 19, 2017
Sensex rises; banks up as RBI cracks down on large loan defaultersThe Nifty PSU Bank Index gained as much as 0.79 percent, with top lenders State Bank of India up as much as 0.7 percent and Canara Bank Ltd rising as much as 1.8 percent.
Jun 16, 2017
Bhushan, Essar Steel among 12 firms being moved to insolvency courts, sources to ReutersThe RBI has yet to officially name any of the 12 companies, which account for about 2 trillion rupees ($31 billion) of India's non-performing loans, or roughly 25 percent of all the country's bad loans.
Jun 14, 2017
12 big loan defaulters identified by RBI to be named soon: Finance ministry"You have got 12 cases that have been identified, the names will be shortly announced, and they account for as much as 25 percent of the bad assets," Finance Ministry's Principal Economic Advisor Sanjeev Sanyal said
Jun 14, 2017
NPA battle: RBI to direct banks to start bankruptcy proceedings against 12 loan defaultersThe committee narrowed the list to 12 by focusing on accounts owing more than Rs 5,000 crore