Jet Airways insolvency resolution professional seeks fresh expressions of interest for defunct airline; shares up over 4%
Jet Airways insolvency resolution professional on Wednesday invited fresh expressions of interest (EoI) for the grounded airline
Jet Airways' creditors to meet for 9th time on Thursday; revised deadline for bids ended on 10 March
Jet Airways stopped flying in April 2019 after it ran out of cash.
Jet Aiways revival: Grounded airline's lenders to issue fresh EoIs; creditors’ panel extends resolution plans deadline to 9 March
The decision to call for fresh bids was taken after a team from Russia's Far East Asia Development Fund along with Enso Group met the CoC earlier this month and expressed interest in Jet Airways.
Jet Airways: CoC decides to extend deadline for bids to 10 March after Russian Fund shows interest in grounded airline
The deadline for submitting the bids for Jet Airways, which is undergoing insolvency process, ended on Monday
RCom creditors panel to vote on Rs 23,000-cr resolution plans on 24 February; loans of Chinese lenders to reduce by nearly 65%
RCom's secured debt is estimated to be around Rs 33,000 crore. Lenders submitted claims of around Rs 49,000 crore in August.
Bharti Airtel, Reliance Jio, Varde Capital and UV Asset Reconstruction Company have submitted bids to buy assets of debt-ridden RCom
Jaypee Infratech's financial creditors, including lenders and homebuyers, approved the bid of state-owned NBCC to acquire the debt-laden realty firm under insolvency process, according to sources.
Reliance Communications Chairman Anil Ambani along with four directors have resigned from the company, which is going through insolvency process,
Kwality has a total debt of around Rs 1,900 crore, which means that lenders would have to take a significant haircut.
Jaypee Infratech went into insolvency process in 2017 after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-led consortium seeking resolution of the realty firm
Insolvency resolution proceedings of Essar Steel had commenced on 2 August 2017
Jaypee Infratech's IRP finds NBCC bid conditional, non-binding; creditors' panel meets on Thursday to discuss revised offer
The court-mandated deadline for completing the resolution plan for Japyee Infratech ended on 6 May and the CoC has sought an extension of the deadline.
After govt nod, NBCC asks Jaypee Infratech RP to reconsider bid; lenders, home buyers vote on sole bid by Suraksha Realty
Financial creditors and home buyers of the Jaypee group realty firm are currently voting on the bid of Suraksha Realty,
NCLAT dismisses Tata Steel plea; upholds lender's decision to approve JSW's bid for Bhushan Power & Steel
JSW Steel had revised its offer from Rs 11,000 crore to Rs 18,000 crore and later to over Rs 19,000 crore, whereas Tata Steel's last offer was at Rs 17,000 crore after it had refused to revised its bid.
Patanjali renews interest in Ruchi Soya takeover as Adani Wilmar raises asset concerns of edible oil firm
Patanjali Ayurved has approached the NCLT challenging the decision by Ruchi Soya's lenders to approve Adani Wilmar's Rs 6,000 crore takeover bid.
ArcelorMittal wins bid to buyout Essar Steel amid Ruias' last-ditch effort to retain control over company
The world's largest steelmaker ArcelorMittal on Friday said it has been chosen by the lenders to takeover debt-laden Essar Steel India Ltd for about Rs 42,000 crore.
Bhushan Power lenders allowed JSW to change parameters of bids, says Tata Steel; CoC went against NCLAT order
Bhushan Steel and Power was among the 12 non-performing accounts referred by the Reserve Bank of India (RBI) for NCLT proceedings.
Bhushan Power & Steel IRP alleges leak of CoC meeting deliberations, says attempts made to sabotage resolution process
Tata Steel, Liberty House and JSW have submitted bids for the second time to acquire debt-laden Bhushan Power and Steel Ltd, sources said
The NCLAT last month had vacated its stay and asked the CoC to consider resolution plans submitted by three firms -- Tata Steel, Liberty House and JSW Steel.