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Financial institutions set to realise Rs 80,000 crore from Insolvency and Bankruptcy Code in FY20: Icra
•During the last financial year, cases resolved under the IBC include Electrosteel Steel, Monnet Ispat Ltd and Amtek Auto Ltd
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.
Videocon goes bankrupt: Bids invited for debt-ridden firm under insolvency resolution process
•The corporate insolvency resolution process (CIRP) of Videocon Industries Ltd (VIL), which has debt of around Rs 20,000 crore, was commenced under the Insolvency and Bankruptcy Code (IBC) following an order by the NCLT Mumbai on 6 June 2018.
Revival of 45 bankrupt companies will meet 50% of lenders' claims: Insolvency and Bankruptcy Board chief MS Sahoo
Ians •About 1,100 companies have been admitted in the Corporate Insolvency Resolution Process (CIRP) since the implementation of the Insolvency and Bankruptcy Code (IBC) in 2016
ICICI Bank files insolvency plea against Jaiprakash Associates in NCLT; matter to be heard on 17 September
•If NCLT allows the plea of the ICICI bank, then this will be the second company of the crisis hit Jaypee group facing insolvency.
NCLAT reserves order over Bhushan Steel's ex-promoter challenging sale of stressed firm to Tatas
•Nearly 1,700 other operational creditors of Bhushan Steel has also moved the appellate tribunal seeking to know how Tata Steel, which has committed to pay Rs 1,200 crore would pay them.
Ruchi Soya insolvency: Patanjali won't back out from race to acquire debt-laden company, says Acharya Balkrishna
•Adani Wilmar, which sells cooking oil under the Fortune brand, and Baba Ramdev-led Patanjali are in the fray to acquire debt-ridden Ruchi Soya
Ruchi Soya auction: Resolution professional seeks 8-10 days to reply on issues raised by Patanjali Ayurved
•Patanjali group has also sought information about the parameters adopted by the RP to declare Adani Wilmar as highest bidder
Ruchi Soya auction: Baba Ramdev's Patanjali Ayurved gets time till 16 Jun to submit revised bid
•Ruchi Soya in a regulatory filing on Wednesday confirmed that the CoC declared Adani Wilmar as H1 (highest) bidder and Patanjali stood as H2 (second highest)
Tatas complete acquisition of Bhushan Steel; deal helps fraud-hit PNB offset some losses from Nirav Modi scam
Fp Staff •Bamnipal Steel, a wholly-owned subsidiary of Tata Steel, has completed the acquisition of a controlling stake of 72.65 percent in Bhushan Steel.