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Latest News on Corporate Insolvency Resolution Process
Showing of 0 - 10 from 15 results
Corporate Insolvency Resolution Process - Total results - 15
Feb 18, 2020
Jet Airways revival plan: Creditors panel to meet today, may decide on extending deadline to two suitors keen on crisis-hit airlineThe second bidder, South America-based Synergy Group, did not submit a plan for Jet Airways and the group reportedly sought clarity on slots in the domestic and international routes of the grounded airline.
Feb 11, 2020
Insolvency process to be limited to real estate project concerned, not other group projects of developers: NCLATNCLATsuggested there should be "reverse corporate insolvency resolution process" in such cases, where insolvency process is initiated against a realty company, no home buyer can approach NCLT or NCLAT to seek refunds.
Oct 14, 2019
NCLAT asks ED to release Bhushan Power and Steel's assets; puts on hold Rs 19,700-cr sale to JSW SteelThe ED had seized a portion of Bhushan Power and Steel's (BPSL) assets in the money laundering case against its former promoters
Aug 01, 2019
Lok Sabha passes amendments to Insolvency and Bankruptcy Code; Nirmala Sitharaman says liquidation of companies not law's sole agendaLok Sabha on Thursday passed amendments to the Insolvency and Bankruptcy Code. Rajya Sabha has already passed the Bill. As many as seven sections of the Code are to be amended.
May 08, 2019
Financial institutions set to realise Rs 80,000 crore from Insolvency and Bankruptcy Code in FY20: IcraDuring the last financial year, cases resolved under the IBC include Electrosteel Steel, Monnet Ispat Ltd and Amtek Auto Ltd
Dec 25, 2018
Patanjali renews interest in Ruchi Soya takeover as Adani Wilmar raises asset concerns of edible oil firmPatanjali Ayurved has approached the NCLT challenging the decision by Ruchi Soya's lenders to approve Adani Wilmar's Rs 6,000 crore takeover bid.
Sep 26, 2018
Videocon goes bankrupt: Bids invited for debt-ridden firm under insolvency resolution processThe 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.
Sep 24, 2018
Revival of 45 bankrupt companies will meet 50% of lenders' claims: Insolvency and Bankruptcy Board chief MS SahooAbout 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
Sep 11, 2018
ICICI Bank files insolvency plea against Jaiprakash Associates in NCLT; matter to be heard on 17 SeptemberIf NCLT allows the plea of the ICICI bank, then this will be the second company of the crisis hit Jaypee group facing insolvency.
Jul 27, 2018
NCLAT reserves order over Bhushan Steel's ex-promoter challenging sale of stressed firm to TatasNearly 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.