Latest News on Insolvency proceedings
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Insolvency proceedings - Total results - 9
Nov 23, 2017
Insolvency ordinance: Essar Steel, Bhushan Steel, Lanco Infra say not 'wilful defaulters'The ordinance that comes as a blow to defaulting promoters seeking to reclaim their firms that are under insolvency proceedings, aims at putting in place safeguards to prevent unscrupulous persons from misusing or vitiating the provisions of the IBC
Sep 15, 2017
Jaypee's home buyers Vs creditors: Will the insolvency resolution professionals do a balancing act?The IRP will need to carefully study the impact of the final resolution act that will structurally impact the industry as well as other sectors too
Sep 06, 2017
Jaypee Infratech insolvency case: Supreme Court is walking a tight rope as home buyers enter the frayReal estate companies should be treated as an exemption on Section 53 of the bankruptcy code and home-buyers should be given some higher priority in repayments
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".
Sep 04, 2017
Jaypee Infra insolvency: Supreme Court stays NCLT proceedings, issues notices to finance ministry, RBIThe Supreme Court has stayed the NCLT's order appointing an interim resolution professional. Jaypee Infra has defaulted on Rs 526 crore loan from state-run IDBI Bank
Aug 29, 2017
Bank NPAs: RBI's second list of defaulters include Videocon, JP Associates, says reportOthers that figure in the defaulters list are East Coast Energy, SEL Manufacturing, Shakti Bhog, Nagarjuna Oil, Jai Balaji Industries, Uttam Galva, Monnet Power, Orchid Chemicals, among others
Jul 19, 2017
Insolvency proceeding: NCLT allows Essar Steel to file objections to SBI, Standard Chartered pleasThe State Bank of India (SBI), which leads the joint lenders forum, and the Standard Chartered Bank have sought initiating insolvency proceedings against Essar Steel under the Insolvency and Bankruptcy Code (IBC).
Jul 05, 2017
NPA resolution: Essar Steel moves high court against insolvency proceedingsClamping down on bad loans, the RBI had last month identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 crore of outstanding loans, accounting for 25 percent of total NPAs of banks.
Jun 14, 2017
RBI shortlisting 12 big accounts for insolvency is great news for banks, but there are 3 key challengesThe way RBI has directed banks to initiate Insolvency and Bankruptcy Code against high value NPA cases inspire confidence