Latest News on Creditors
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Creditors - Total results - 16
Mar 20, 2019
NCLAT directs Essar Steel to call CoC meeting to reconsider distribution of fundsThe NCLAT on Wednesday asked the resolution professional of Essar Steel to call a fresh meeting of CoC to discuss the distribution of Rs 42,000 crore coming from ArcelorMittal's resolution plan
Jan 30, 2019
NCLT rejects Ruias' debt settlement proposal to retake Essar Steel; company hints at challenging verdictIf it is not challenged again, this opens the first major victory for the LM Mittal-run ArcelorMittal into the country
Jan 04, 2019
Insolvency and Bankruptcy Code: Act has tightened slack loopholes; supporting institutions like NCLTs need of the hourWhat led to the inception of the IBC was a legal framework for insolvency and bankruptcy which was completely inadequate, ineffective, and plagued with delays
Nov 19, 2018
RBI complains too much; its role has been better defined, powers expanded over four years of Narendra Modi govtHistorically, finance ministers have sought to accelerate growth and boost credit, while RBI governors have prioritised stability and control of inflation.
Oct 26, 2018
Ruias bid to regain Essar Steel with late payment smells of moral hazard; banks and govt must look at non-cooperative behaviourFrom all indications, the Essar Steel insolvency process shows the Ruias need to be put under a lens.
Oct 24, 2018
Govt plans to tighten rule for auditors after instances of misdeeds; to bolster corporate governance frameworkIn recent times, some auditing entities as well as auditors have come under the regulatory lens in connection with alleged misdoings at companies as well as for quitting audit work of corporates on various grounds
Oct 16, 2018
NCLAT stays proceedings against IL&FS, 348 subsidiaries in 'larger public interest, economy'The NCLAT also directed to implead the top five lenders of IL&FS and asked to submit their replies over the government's plea seeking 90 days moratorium.
Aug 20, 2018
Insolvency and Bankruptcy Code: There are glaring problems and it isn't only about low valuationsValuers have a greater role to play in asset valuation rather than in share valuation.
Aug 01, 2018
Ruchi Soya's lenders to meet today to consider highest bidder Adani Wilmar's Rs 6,000 cr bidRuchi Soya, which is facing insolvency proceedings, has a total debt of about Rs 12,000 crore.
Jul 24, 2018
PNB fraud case: Mehul Choksi fears 'mob lynching' in India; files application for cancellation of arrest warrantMehul Choksi, who is accused of defrauding Punjab National Bank of $2 billion along with his nephew, diamond tycoon Nirav Modi, fled India before the accusations came to light and said in Monday’s application that he could not disclose his location in public because of the threat to his life