Latest News on Bankruptcy Court
Showing of 0 - 10 from 11 results
Bankruptcy Court - Total results - 11
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Aug 27, 2019
Jet Airways stake sale: Lenders of bankrupt airline give third extension for EoI to 31 Aug
The bankruptcy court had on 20 June appointed Ashish Chhawchharia as RP, who late last month had floated EoIs for Jet Airways that stopped flying mid-April. -
Jul 17, 2019
Cash-strapped Jet Airways lenders attempt to sell bankrupt carrier again; to call bids for asset sale by 20 July
Last month, JetAirways' creditors, led by State Bank of India (SBI), took the airline to the bankruptcy court after failing to agree on a revival plan -
Jul 17, 2019
Suzlon Energy defaults on $172 mn bond payment, company in talks with global private equity funds to sell stake
Suzlon's creditors, led by the country's biggest lenders State Bank of India, are studying a one-time settlement plan offered by the company, said sources -
Apr 18, 2019
Govt should not rescue cash-strapped Jet Airways, it's not in State's interest to run airlines
The operational creditors of Jet Airways, everyone from its service providers to its workers, can still take the airline to the bankruptcy court. -
Apr 03, 2019
SC repeals RBI's 12 February circular: Lenders can now refer defaulters to NCLT on case by case basis: Bankers
According to former RBI deputy governor R Gandhi banks can now take defaulting companies on their own instead of being directed by the regulator. -
Feb 21, 2019
RCom looks to real estate assets, Jio deal to pay Ericsson dues of Rs 453 cr after Supreme Court order
RCom owes a total Rs 571 crore to the Swedish telecoms equipment maker, including a one-time settlement of Rs 550 crore and interest payments of Rs 21 crore. -
Nov 28, 2018
Cash-strapped IL&FS to sell controlling stake in green energy business; firm's board to issue EoIs soon
The renewable assets of IL&FS include operating wind power plants with an aggregate capacity of 873.5-mw, and under-construction wind power plants worth 104 mw capacity. -
Nov 26, 2018
Standard Chartered Bank moves NCLT against CoC selecting ArcelorMittal for Essar Steel
Standard Chartered Bank claimed that ArcelorMittal's revised bid of Rs 42,000 crore was never considered by the CoC. -
Nov 01, 2018
IL&FS crisis: Govt appointed board hints at corruption by past management; to conduct special audit of key group of cos
The new IL&FS board pegged the total debt of the group by over Rs 3,000 crore at Rs 94,215.6 crore as of 8 October -
Jun 21, 2017
Ex-Wimbledon champion Boris Becker declared bankrupt by London court for long-standing debt
Boris Becker's lawyers pleaded with a Bankruptcy Court registrar to allow him a "last chance" to pay off the debt.
