Creditors

DHFL shares rebound after massive selloff, surge 6% to Rs 51 on BSE; plummeted nearly 30% on Monday

DHFL also said it is in an advanced stage of submitting its resolution plan under the inter-creditor agreement as entered into by banks

NCLAT directs Essar Steel to call CoC meeting to reconsider distribution of funds

The 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

NCLT rejects Ruias' debt settlement proposal to retake Essar Steel; company hints at challenging verdict

If it is not challenged again, this opens the first major victory for the LM Mittal-run ArcelorMittal into the country

Insolvency and Bankruptcy Code: Act has tightened slack loopholes; supporting institutions like NCLTs need of the hour

What led to the inception of the IBC was a legal framework for insolvency and bankruptcy which was completely inadequate, ineffective, and plagued with delays

RBI complains too much; its role has been better defined, powers expanded over four years of Narendra Modi govt

Historically, finance ministers have sought to accelerate growth and boost credit, while RBI governors have prioritised stability and control of inflation.

Ruias bid to regain Essar Steel with late payment smells of moral hazard; banks and govt must look at non-cooperative behaviour

From all indications, the Essar Steel insolvency process shows the Ruias need to be put under a lens.

Govt plans to tighten rule for auditors after instances of misdeeds; to bolster corporate governance framework

In 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

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.

Insolvency and Bankruptcy Code: There are glaring problems and it isn't only about low valuations

Valuers have a greater role to play in asset valuation rather than in share valuation.

Ruchi Soya's lenders to meet today to consider highest bidder Adani Wilmar's Rs 6,000 cr bid

Ruchi Soya, which is facing insolvency proceedings, has a total debt of about Rs 12,000 crore.