Bankruptcy Law

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Bankruptcy Law - Total results - 23
Supreme Court halts ArcelorMittal payment to lenders to buy Essar Steel; Mittal's foray into Indian market delayed
Business

Supreme Court halts ArcelorMittal payment to lenders to buy Essar Steel; Mittal's foray into Indian market delayed

India’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.

Home-buyers as financial creditors: Developers' default risks spike with delayed projects, says Icra
Business

Home-buyers as financial creditors: Developers' default risks spike with delayed projects, says Icra

There have been various instances of aggrieved home-buyers initiating insolvency proceedings against developers who have delayed project execution.

Frenzied activity in the Indian M&A market: Vultures are gathering to oust defaulting promoters from their perch
Business

Frenzied activity in the Indian M&A market: Vultures are gathering to oust defaulting promoters from their perch

The 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.

Urjit Patel says it's not economists job to forecast crises but to explain how mankind behaves
Business

Urjit Patel says it's not economists job to forecast crises but to explain how mankind behaves

Economists badly criticised for the 2008 global financial crisis saying they had failed to predict the catastrophe on time.

Four years of NDA: After 1,460 days of Narendra Modi rule, 'achhe din' yet to come, feel experts
Business

Four years of NDA: After 1,460 days of Narendra Modi rule, 'achhe din' yet to come, feel experts

Overall 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.

NCLT allows Ericsson's insolvency plea against Reliance Communications; will delay Anil Ambani-led firm's plan to sell assets
Business

NCLT allows Ericsson's insolvency plea against Reliance Communications; will delay Anil Ambani-led firm's plan to sell assets

Ericsson, 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.

Narrative-peddlers should take a break; Indian economy is not in as bad a shape as is being claimed
India

Narrative-peddlers should take a break; Indian economy is not in as bad a shape as is being claimed

However, 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.

Arun Jaitley to defaulter companies: Pay dues or allow others to take control of business
Business

Arun Jaitley to defaulter companies: Pay dues or allow others to take control of business

Jaitley said the government was open to providing more capital to banks but cleaning up stressed loans was bigger priority.

Gujarat HC order on Essar Steel is good news but hope of defusing bad loan bomb by 2019 is wishful
Business

Gujarat HC order on Essar Steel is good news but hope of defusing bad loan bomb by 2019 is wishful

There 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

RBI deputy Viral Acharya says 'bad bank' could help if designed right
Economy

RBI deputy Viral Acharya says 'bad bank' could help if designed right

In its economic survey released on 31 January, the finance ministry suggested setting up a bad bank that it said could be used to buy bad loans from the banks and deal with them through methods including conversion of debt to equity.

From growth trend to black money menace: 10 parameters to assess Arun Jaitley's 2017 budget
Business

From growth trend to black money menace: 10 parameters to assess Arun Jaitley's 2017 budget

The government no more enjoys the luxury of being able to initiate harsh reform measures as it is hardly a couple of years away from the 2019 polls.

Moody's expects India's growth to top 7.7% this fiscal
Business

Moody's expects India's growth to top 7.7% this fiscal

Moody's saw India's credit rating materialising in the medium term based on reforms

Two years of Modi: Reforms on track but toughest economic tasks still pending
Business

Two years of Modi: Reforms on track but toughest economic tasks still pending

In the next three years, the government should enhance the reform task to food, fertilizer and other government benefits to the poor

Bankruptcy Law gets Joint Parliament Standing Committee nod, says Arun Jaitley
Business

Bankruptcy Law gets Joint Parliament Standing Committee nod, says Arun Jaitley

Finance Minister Arun Jaitley today said the Joint Parliament Standing Committee has cleared the Bankruptcy and Insolvency Code and is likely to be discussed in the current Budget Session of Parliament.

Kingfisher's faulty business model may be behind Vijay Mallya's woes: Arun Jaitley
Business

Kingfisher's faulty business model may be behind Vijay Mallya's woes: Arun Jaitley

Jaitley also said he did not think Vijay Mallya's case had anything to do with the government as he had moved courts in many cases

Bank NPAs a carryover from the past, remain at unacceptable level: Jaitley
Business

Bank NPAs a carryover from the past, remain at unacceptable level: Jaitley

Gross NPAs for banks, including restructured assets, now stand close to 12 percent -- a level seen in 2002-03.

Bankruptcy law will help lenders only if judicial resolution is quicker
Business

Bankruptcy law will help lenders only if judicial resolution is quicker

The short point is the bankruptcy code will lack the teeth unless there is clarity on faster judicial resolution of insolvency cases

Invest more without fear, create jobs: PM Modi tells corporate India
Business

Invest more without fear, create jobs: PM Modi tells corporate India

Briefing reporters about the meeting, Finance Minister Arun Jaitley said on its part, the industry urged the prime minister to step up investments in further strengthening the economy.