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Latest News on Bankruptcy Law
Showing of 0 - 10 from 23 results
Bankruptcy Law - Total results - 23
Jun 23, 2019
Insolvency proceedings initiated against debt-ridden Jet Airways; NCLT bench instructs resolution professional to file fortnightly progress reportJet Airways became the first domestic airliner to go into bankruptcy
Apr 12, 2019
Supreme Court halts ArcelorMittal payment to lenders to buy Essar Steel; Mittal's foray into Indian market delayedIndia’s bankruptcy court had approved ArcelorMittal’s $6 billion-bid for debt-ridden Essar on 8 March, potentially ending months of court battles and opening the sector to outsiders.
Feb 19, 2019
Home-buyers as financial creditors: Developers' default risks spike with delayed projects, says IcraThere have been various instances of aggrieved home-buyers initiating insolvency proceedings against developers who have delayed project execution.
Sep 11, 2018
Frenzied activity in the Indian M&A market: Vultures are gathering to oust defaulting promoters from their perchThe last round of M&A frenzy was in a pre-Insolvency and Bankruptcy Code 2016 (IBC) milieu, involving friendly and hostile takeovers often at the risk of inviting winner’s curse which is inevitable when the acquirer overpays in his keenness to acquire, come what may.
Aug 04, 2018
Urjit Patel says it's not economists job to forecast crises but to explain how mankind behavesEconomists badly criticised for the 2008 global financial crisis saying they had failed to predict the catastrophe on time.
May 24, 2018
Four years of NDA: After 1,460 days of Narendra Modi rule, 'achhe din' yet to come, feel expertsOverall the promise of the golden pot at the end of the five-year rainbow, as promised by Modi in his of speeches -- where he had painted the BJP rule in attractive hues -- has not materialised in four years. BJP's best salesman may have oversold the hope.
May 16, 2018
NCLT allows Ericsson's insolvency plea against Reliance Communications; will delay Anil Ambani-led firm's plan to sell assetsEricsson, which signed a seven-year deal in 2014 to operate and manage Reliance Communications’ nationwide telecom's network, is seeking 11.55 billion rupees ($170 million) from the company and two of its subsidiaries.
Oct 03, 2017
Narrative-peddlers should take a break; Indian economy is not in as bad a shape as is being claimedHowever, slow nursing of the economy back to health is possible only if it has not been irrevocably grounded, as former finance minister Yashwant Sinha has alleged.
Aug 31, 2017
Arun Jaitley to defaulter companies: Pay dues or allow others to take control of businessJaitley said the government was open to providing more capital to banks but cleaning up stressed loans was bigger priority.
Jul 18, 2017
Gujarat HC order on Essar Steel is good news but hope of defusing bad loan bomb by 2019 is wishfulThere isn’t the required infrastructure in place as of now to initiate a large number of bad loan cases, involving huge amounts, where no significant repayment has been made for years