Latest News on Creditors
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Creditors - Total results - 11
Nov 07, 2017
Jaypee-home buyers case: SC refuses to take Rs 400 cr from group, wants it to keep Rs 2,000 cr ready before next hearingYou sell your assets. We are not permitting to deposit it. It should be a sizable amount, said SC to Jaypee
Oct 11, 2017
Insolvency Code: How Kirusa verdict curtails power of operational creditors, provides relief to debtorsThe Insolvency and Bankruptcy Code, 2016 was enacted with the purpose of resolving the position of financially sick companies by either rescuing them or liquidating them.
Sep 20, 2017
Jaypee Infratech insolvency: There's a viable solution to home buyers' troubles and it's built in bankruptcy codeSection 36 mandates all such properties held in trust for third parties will not be part of liquidation
Sep 05, 2017
Jaypee Infratech insolvency: Supreme Court stays NCLT proceedings, hope for 32,000 home buyersAround Rs 25,000 crore worth of money of flat buyers and others has been at stake and the insolvency proceedings were initiated "for a petty sum of Rs 500 crore".
Jul 18, 2017
Banks need at least $2.8 billion extra provisioning for bankruptcy cases: India RatingsThe Reserve Bank of India (RBI) last month asked creditor banks to begin insolvency proceedings against 12 of the country's biggest loan defaulters
Aug 26, 2016
Kingfisher auction finds no takers again, trademark is worth 'almost nothing'In April, the banks had made a failed attempt to sell brands and trademarks of the airlines, owned by Mallya. The auction was unsuccessful as none of the bidders came forward due to the higher reserve price of Rs 366.70 crore.
Jul 16, 2015
Tsipra's hands are tied: Greece votes to approve austerity billGreek lawmakers voted overwhelmingly early on Thursday to approve a harsh austerity bill demanded by bailout creditors, despite significant dissent from members of Prime Minister Alexis Tsipras' own left-wing party.
Jul 07, 2015
New offer to Greece may have stringent conditions, next 48 hours crucialCreditors' resistance to softening terms remains high
Jul 01, 2015
Greece ready to call off referendum, Eurozone finmins to evaluate new proposalsGreece leaders pushing new terms for a possible third bailout
Jul 31, 2014
Red alert: Argentina default imminent as talks with holdout creditors break downArgentine banks scrambled to put together a proposal to buy out the non-performing debt held by hedge funds and avert a default. <br />