Committee Of-creditors

Showing of 1 - 20 from 32 results
Committee Of-creditors - Total results - 32
Jet Airways-KLM deal for Dutch business fails to take off; regulatory clearance approval declined
Business

Jet Airways-KLM deal for Dutch business fails to take off; regulatory clearance approval declined

Jet Airways was grounded in March last year after it ran out of cash for operations.

Jet Airways insolvency resolution professional seeks fresh expressions of interest for defunct airline; shares up over 4%
Business

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 Aiways revival: Grounded airline's lenders to issue fresh EoIs; creditors’ panel extends resolution plans deadline to 9 March
Business

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.

Reliance Jio, UVARC emerge highest bidders for RCom assets; lenders expect to recover Rs 25,000 cr
Business

Reliance Jio, UVARC emerge highest bidders for RCom assets; lenders expect to recover Rs 25,000 cr

Reliance Jio has placed Rs 4,700-crore bids for mobile tower and fibre assets of Reliance Infratel Ltd (RITL), a subsidiary of RCom

Jet Airways insolvency: NCLT warns CoC of contempt proceedings if they do not release funds by 20 January
Business

Jet Airways insolvency: NCLT warns CoC of contempt proceedings if they do not release funds by 20 January

The NCLT on Wednesday warned Jet Airways CoC of contempt proceedings if they do not release interim funds to the resolution professional by 20 January for completion of insolvency proceedings

Jaypee Infra jumps over 9% on lenders approval of NBCC bid to acquire bankrupt developer
Business

Jaypee Infra jumps over 9% on lenders approval of NBCC bid to acquire bankrupt developer

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.

Jaypee Infratech insolvency: Suraksha Realty may offer more cash and land to lenders, higher compensation to buyers
Business

Jaypee Infratech insolvency: Suraksha Realty may offer more cash and land to lenders, higher compensation to buyers

Mumbai-based Suraksha Realty, which is in the race with state-owned NBCC to acquire bankrupt Jaypee Infratech, is likely to offer additional cash and land to lenders, and higher delay penalty compensation to homebuyers to make its final resolution more lucrative for financial creditors, sources said

Airtel, Reliance Jio submit bids for debt-ridden RCom telecom assets; Committee of Creditors to meet today
Business

Airtel, Reliance Jio submit bids for debt-ridden RCom telecom assets; Committee of Creditors to meet today

RCom's secured debt is estimated to be around Rs 33,000 crore. Lenders have submitted claims of around Rs 49,000 crore in August.

Jaypee Insolvency Case: NBCC sweetens bid by offering more land and benami flats to lenders; CoC to meet today
Business

Jaypee Insolvency Case: NBCC sweetens bid by offering more land and benami flats to lenders; CoC to meet today

In 2017, Jaypee Infratech went into insolvency process after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-led consortium.

Anil Ambani, 4 directors resign from Reliance Communications; firm going through insolvency process
Business

Anil Ambani, 4 directors resign from Reliance Communications; firm going through insolvency process

Reliance Communications Chairman Anil Ambani along with four directors have resigned from the company, which is going through insolvency process,

Jet Airways crisis: NCLAT allows Dutch court administrator to attend debt-laden airline's CoC meetings, sets aside NCLT order
Business

Jet Airways crisis: NCLAT allows Dutch court administrator to attend debt-laden airline's CoC meetings, sets aside NCLT order

NCLT had barred Dutch Court Administrator from taking part in the Jet Airways insolvency proceedings in India.

NCLAT asks Dighi Port to submit comparative analysis of proposals by Adani Ports SEZ, promoters
Business

NCLAT asks Dighi Port to submit comparative analysis of proposals by Adani Ports SEZ, promoters

The resolution plan by Adani Ports SEZ has already been approved by the Committee of Creditors, while the promoter's offer has been rejected

Jet Airways fails to attract new bidders during extended deadline period; may go ahead with 3 entities who submitted EOIs: Report
Business

Jet Airways fails to attract new bidders during extended deadline period; may go ahead with 3 entities who submitted EOIs: Report

With no new bidders emerging during this period, there are only three entities that had put in their initial bids earlier

Jaypee insolvency: NCLAT asks IDBI Bank to file affidavit listing out new terms for fresh bidding
Business

Jaypee insolvency: NCLAT asks IDBI Bank to file affidavit listing out new terms for fresh bidding

All the 13 banks, which constitute 40.75 percent of CoC, voted against the bid by the state-run firm to acquire Jaypee Infratech.

NBCC decides not to dilute conditions in revised offer for Jaypee Infratech; lenders flag serious concerns about conditional bid
Business

NBCC decides not to dilute conditions in revised offer for Jaypee Infratech; lenders flag serious concerns about conditional bid

The NBCC's revised bid to acquire Jaypee Infratech and complete the work of over 20,000 flats would be discussed on 14 May by CoC

ArcelorMittal Q1 net income shrinks 66% to $0.4 bn; says profitability hit by lower pricing, global overcapacity
Business

ArcelorMittal Q1 net income shrinks 66% to $0.4 bn; says profitability hit by lower pricing, global overcapacity

The world's largest steel-maker had posted a net income of $1.2 billion in the year-ago quarter, ArcelorMittal said in a statement.

Anil Ambani's RCom's bankruptcy begins as NCLT allows firm to exclude 357 days spent in litigation; next hearing on 30 May
Business

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.

Jaypee Infra insolvency: NBCC offers Rs 20 cr to operational creditors; panel to discuss revised offer on Thursday
Business

Jaypee Infra insolvency: NBCC offers Rs 20 cr to operational creditors; panel to discuss revised offer on Thursday

Meanwhile, Adani group has shown interest in making bid for Jaypee Infratech, while Jaypee group too has submitted bid for regaining control of its realty firm.

Jaypee Infratech insolvency: Homebuyers want NBCC bid to be reconsidered; say no faith in private firms
Business

Jaypee Infratech insolvency: Homebuyers want NBCC bid to be reconsidered; say no faith in private firms

Financial creditors and homebuyers of the Jaypee group realty firm are currently voting on the bid of Suraksha Realty, the lone player left in the race to acquire the company and complete over 20,000 flats.