Insolvency proceedings initiated against debt-ridden Jet Airways; NCLT bench instructs resolution professional to file fortnightly progress report
Jet Airways became the first domestic airliner to go into bankruptcy
Jet Airways case: SBI says Etihad Airways' demands for open offer waiver, slots assurance not feasible
State-run SBI on Friday said Etihad Airways had sought a waiver of open offer and assurance of flying slots for take over of Jet Airways, but the lenders to the debt-ridden carrier had no authority to accommodate the relaxations sought
Shares of Jet Airways zoomed 15.5 percent on Friday, continuing the previous day's sharp rally
The promoters of Hotel Leelaventure and JM Financial ARC, which holds 26 percent in the bankrupt hotel group, on Wednesday told NCLT that ITC's bid to stall their deal with Brookfield is an attempt to wrest the control of the premium hotel chain through the back door
Shares of Jet Airways further plummeted over 29 percent on Wednesday after the consortium of bankers took the grounded airline to the National Company Law Tribunal
The consortium of 26 bankers led by State Bank Tuesday took the grounded Jet Airways to the National Company Law Tribunal to recover their dues of over Rs 8,500 crore. The tribunal will hear the matter on Wednesday
Jet Airways' shares faced massive drubbing on Tuesday and tumbled nearly 41 percent after State Bank of India-led consortium of lenders decided to send the grounded airline to the National Company Law Tribunal
RBI monetary policy: New NPA resolution norms in 3-4 days, says central bank governor Shaktikanta Das
The Reserve Bank will issue a revised circular on bad loan recognition within the next three-four days, replacing the 12 February circular that was struck down by the apex court
Allaying fears among a growing number of Israelis using Air India flights to Delhi, India's national carrier has rubbished as "baseless" the claims in certain sections of the Israeli media that it is on the verge of bankruptcy
Anil Ambani's RCom's bankruptcy begins as NCLT allows firm to exclude 357 days spent in litigation; next hearing on 30 May
At the last hearing, RCom had sought 357 days (from 30 May, 2018 to 30 April, 2019) exclusion in the insolvency process citing the stays it had on the process by the NCLAT and the Supreme Court.
As many as 12,000 cases have been filed since the implementation of the insolvency law and setting of National Company Law Tribunal (NCLT), a senior government official said on Monday
Crisis-hit Jaiprakash Associates has once again submitted a proposal to lenders of its subsidiary Jaypee Infratech for settling dues worth Rs 10,000 crore, amid bids for taking over the realty firm under the insolvency process
Nissan ex-chairman Carlos Ghosn files complaint over detention; gets treatment like other undertrials in jail
Ghosn was arrested on suspicion of conspiring to understate his compensation by about half of the actual 10 billion yen ($88 million) awarded over five years from 2010.
World Bank Ease of Doing Business ranking: Why strong and efficient laws like IBC create a conducive environment for biz
the dual mechanism of insolvency and thereafter liquidation creates an efficient system of Insolvency Laws, which is very critical for the development of any economy.
SC order on firecrackers could make manufacturers go bankrupt, create bad debt worth more than Rs 2,000cr, says industry body
The firecrackers manufacturing industry claims that Supreme Court judgment banning use of barium in manufacturing of firecrackers will not only make bursting of firecrackers during festivals impracticable, it could also make the industry go bankrupt incurring bad debt worth more than Rs 2,000 crore
After losing their case in NCLT and NCLAT, ArcelorMittal had moved the Supreme Court, which on 4 October had allowed them to bid for Essar Steel provided they cleared their dues to their lenders.
World's leading steel giant ArcelorMittal has sweetened its offer for Essar Steel, as the bids received in the second round for the debt-ridden firm were opened by its lenders on Monday.
Facebook and Twitter pledge to defend against foreign intrusion in US Senate Intelligence Committee hearing; Jack Dorsey says he's scrubbing '200% more accounts'
Facebook and Twitter executives pledged on Wednesday to better protect their social media platforms in the 2018 elections and beyond, and told Congress of aggressive efforts to root out foreign intrusions aimed at sowing divisions in American democracy.
Priyanka Chopra's future father-in-law Paul Jonas' real estate company files for bankruptcy, with over $1 mn in debt
Priyanka Chopra's future father-in-law Paul Jonas' real estate company is over 1 million dollars in debt, including a $268,000 judgment from a case his company lost.