Latest News on Insolvency Proceedings
Showing of 0 - 10 from 12 results
Insolvency Proceedings - Total results - 12
Feb 13, 2018
Essar Steel Insolvency: ArcelorMittal, Numetal Mauritius only bidders for bankrupt firmEssar Steel was among the initial 12 companies identified by the Reserve Bank of India (RBI) for insolvency proceedings.
Dec 20, 2017
Anil Ambani led RCom zooms nearly 36%; other Reliance group stocks also shineRCom stock zoomed 35.24 percent to close at Rs 17.27 on BSE helped by fag-end buying. During the day, it rose sharply by 44.94 percent to Rs 18.51
Dec 01, 2017
Reliance Communications claims all 31 lenders oppose China Development Bank's insolvency pleaReliance Communications is currently undergoing strategic debt restructuring, which entails bankers taking majority control of the company, and has time till December next year for sorting out the debt-related difficulties.
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).