Bankruptcy Proceedings

Showing 1 of 15 from 15 results
Bankruptcy Proceedings - Total results - 15
Economic slowdown hits employment generation; remittances register decline in a few states: SBI report
Business

Economic slowdown hits employment generation; remittances register decline in a few states: SBI report

It said a sample of data on remittances by migrant labourers to selected states in the last one year showed that there is a decline in remittances in states like Assam, Bihar, Rajasthan, Odisha and UP.

RCom Q4 net loss declines to Rs 7,767 crore, income up at Rs 1,089 cr; skips interest payment
Business

RCom Q4 net loss declines to Rs 7,767 crore, income up at Rs 1,089 cr; skips interest payment

With this, RCom has become the first Anil Ambani group firm to be officially declared bankrupt. It has a debt of over Rs 50,000 crore to banks.

Vijay Mallya settles for more time with Swiss bank to pay off mortgage for plush London home
Business

Vijay Mallya settles for more time with Swiss bank to pay off mortgage for plush London home

The prime property has been referred to as the “high-class home for Vijay Mallya, his family members and United Breweries Group corporate guests"

Sterling Biotech: NCLT reserves order on bankruptcy withdrawal as Madison Pacific Trust challenges bankers' plea
Business

Sterling Biotech: NCLT reserves order on bankruptcy withdrawal as Madison Pacific Trust challenges bankers' plea

The NCLT asked the RP to explain on why he did not approach the bench after the proposal was rejected with 89 percent vote at the first meeting of the committee of creditors led by Andhra Bank.

NCLT asks Reid & Taylor employees' union to present financial details of Hong Kong-based investor
Business

NCLT asks Reid & Taylor employees' union to present financial details of Hong Kong-based investor

Reid & Taylor India, owned by the Kasliwal family-run S Kumar Group, which is also facing bankruptcy proceedings, owes over Rs 4,100 crore to banks and other lenders.

Troubles mount for Vijay Mallya: After extradition setback, liquor baron set to face bankruptcy proceedings in UK High Court
Business

Troubles mount for Vijay Mallya: After extradition setback, liquor baron set to face bankruptcy proceedings in UK High Court

Vijay Mallya remains on bail after his extradition was recently ordered by Westminster Magistrates' Court in London, an order which now awaits a sign-off by UK home secretary Sajid Javid.

Allahabad HC order on 12 February circular: Judiciary is finally acknowledging there can’t be exceptions in the fight against NPAs
Business

Allahabad HC order on 12 February circular: Judiciary is finally acknowledging there can’t be exceptions in the fight against NPAs

Banks, in coordination with the central government, needs to find a resolution plan to minimise their losses during the power sector loan resolution process. The sector's problems are not just financial woes.

Bankers race to resolve Rs 3.8 trillion bad loans for around 70 accounts as 6-month RBI deadline ends today
Business

Bankers race to resolve Rs 3.8 trillion bad loans for around 70 accounts as 6-month RBI deadline ends today

Banks are trying to come up with a resolution plan for these accounts as going to NCLT will mean large haircuts.

Insolvency and Bankruptcy amendment bill that seeks to ban wilful defaulters tabled in Lok Sabha
Business

Insolvency and Bankruptcy amendment bill that seeks to ban wilful defaulters tabled in Lok Sabha

The amended insolvency and bankruptcy law that is being implemented by Corporate Affairs Ministry became operational in December 2016

Our fully sympathy with agitating Noida home buyers: Finance minister Arun Jaitley
Business

Our fully sympathy with agitating Noida home buyers: Finance minister Arun Jaitley

Hundreds of home buyers had been left in the lurch after the Allahabad bench of the NCLT last week admitted IDBI's plea for initiating insolvency proceedings against Jaypee Infratech for defaulting on a Rs 526-crore loan

Boris Becker bankruptcy: Why India's rich borrowers often go scot-free despite stringent rules
Business

Boris Becker bankruptcy: Why India's rich borrowers often go scot-free despite stringent rules

In India rich borrowers are insulated from bankruptcy proceedings thanks to the veil of incorporation

Sensex rises; banks up as RBI cracks down on large loan defaulters
Business

Sensex rises; banks up as RBI cracks down on large loan defaulters

The Nifty PSU Bank Index gained as much as 0.79 percent, with top lenders State Bank of India up as much as 0.7 percent and Canara Bank Ltd rising as much as 1.8 percent.

Bhushan, Essar Steel among 12 firms being moved to insolvency courts, sources to Reuters
Business

Bhushan, Essar Steel among 12 firms being moved to insolvency courts, sources to Reuters

The RBI has yet to officially name any of the 12 companies, which account for about 2 trillion rupees ($31 billion) of India's non-performing loans, or roughly 25 percent of all the country's bad loans.

12 big loan defaulters identified by RBI to be named soon: Finance ministry
Business

12 big loan defaulters identified by RBI to be named soon: Finance ministry

"You have got 12 cases that have been identified, the names will be shortly announced, and they account for as much as 25 percent of the bad assets," Finance Ministry's Principal Economic Advisor Sanjeev Sanyal said

NPA battle: RBI to direct banks to start bankruptcy proceedings against 12 loan defaulters
Business

NPA battle: RBI to direct banks to start bankruptcy proceedings against 12 loan defaulters

The committee narrowed the list to 12 by focusing on accounts owing more than Rs 5,000 crore