Recent Highlights
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RCom creditors panel to vote on Rs 23,000-cr resolution plans on 24 February; loans of Chinese lenders to reduce by nearly 65%
• 5 years agoRCom's secured debt is estimated to be around Rs 33,000 crore. Lenders submitted claims of around Rs 49,000 crore in August.
RCom creditors may seek more time to complete asset sale process beyond 10 January deadline
• 5 years agoBharti Airtel, Reliance Jio, Varde Capital and UV Asset Reconstruction Company have submitted bids to buy assets of debt-ridden RCom
Jaypee Infra jumps over 9% on lenders approval of NBCC bid to acquire bankrupt developer
• 5 years agoJaypee 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.
Anil Ambani, 4 directors resign from Reliance Communications; firm going through insolvency process
• 5 years agoReliance Communications Chairman Anil Ambani along with four directors have resigned from the company, which is going through insolvency process,
Haldiram emerges sole bidder to buy debt-ridden dairy firm Kwality with offer of Rs 130 cr
• 5 years agoKwality has a total debt of around Rs 1,900 crore, which means that lenders would have to take a significant haircut.
Jaypee Infratech lenders start negotiations on NBCC's bid to acquire realty firm as per NCLAT order
• 6 years agoJaypee 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
Essar Steel reports Rs 4,229 cr EBITDA during Corporate Insolvency Resolution period
• 6 years agoInsolvency 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
• 6 years agoThe 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
• 6 years agoFinancial 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
• 6 years agoJSW 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.