NZ Vs PAK | Match 33 Jun 26, 2019
PAK 60/2 (14.3)
SCOW Vs NEDW | Match 2 Jun 26, 2019
SCOW 77/4 (14.1)
Latest News on Bankruptcy Proceedings
Showing of 0 - 10 from 14 results
Bankruptcy Proceedings - Total results - 14
May 28, 2019
RCom Q4 net loss declines to Rs 7,767 crore, income up at Rs 1,089 cr; skips interest paymentWith 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.
May 15, 2019
Vijay Mallya settles for more time with Swiss bank to pay off mortgage for plush London homeThe prime property has been referred to as the “high-class home for Vijay Mallya, his family members and United Breweries Group corporate guests"
May 02, 2019
Sterling Biotech: NCLT reserves order on bankruptcy withdrawal as Madison Pacific Trust challenges bankers' pleaThe 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.
Jan 08, 2019
NCLT asks Reid & Taylor employees' union to present financial details of Hong Kong-based investorReid & 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.
Dec 18, 2018
Troubles mount for Vijay Mallya: After extradition setback, liquor baron set to face bankruptcy proceedings in UK High CourtVijay 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.
Aug 28, 2018
Allahabad HC order on 12 February circular: Judiciary is finally acknowledging there can’t be exceptions in the fight against NPAsBanks, 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.
Aug 27, 2018
Bankers race to resolve Rs 3.8 trillion bad loans for around 70 accounts as 6-month RBI deadline ends todayBanks are trying to come up with a resolution plan for these accounts as going to NCLT will mean large haircuts.
Dec 28, 2017
Insolvency and Bankruptcy amendment bill that seeks to ban wilful defaulters tabled in Lok SabhaThe amended insolvency and bankruptcy law that is being implemented by Corporate Affairs Ministry became operational in December 2016
Aug 16, 2017
Our fully sympathy with agitating Noida home buyers: Finance minister Arun JaitleyHundreds 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
Jun 22, 2017
Boris Becker bankruptcy: Why India's rich borrowers often go scot-free despite stringent rulesIn India rich borrowers are insulated from bankruptcy proceedings thanks to the veil of incorporation