Ibc

Ground seems ready for new options to resolve stressed assets, says IBBI chief MS Sahoo

Proceedings under the Insolvency and Bankruptcy Code have remained suspended since 25 March in the wake of the COVID-19 pandemic

SC bench slams telcos for seeking recalculation of AGR dues, says it can 'impose more costs than any other court before'

'The calculation that has been given by DoT is to be treated as final; there can be no scope of re-assessment,' the Supreme Court held.

UK court orders Anil Ambani to pay $717 mn to 3 Chinese banks within 21 days; seeking legal advice, says firm

A spokesperson for Anil Ambani said the matter pertains to an alleged personal guarantee for a corporate loan availed by Reliance Communications Limited (RCom) in 2012 for global refinancing.

IBA urges govt, RBI to double moratorium period to 6 months; seeks credit guarantee for MSME loans

Bankers believed that some safety net has to be created for both industry and banks for survival first, sources said, adding, revival would follow.

IBC led to recovery of just 10% of defaulted loans in non- major companies: Jairam Ramesh

The insolvency and bankruptcy law has resulted in recovery of just 10 percent of defaulted loans in case of companies other than the seven big ones referred for resolution, senior Congress leader Jairam Ramesh said in Rajya Sabha on Thursday

Yes Bank crisis: Best practices needed as benchmark to govern banks; govt should consult with veteran bankers for solutions

Recent days have seen RBI governor Shaktikanta Das pulling up public sector banks for poor credit growth even as Kapoor's Yes Bank shenanigans were simmering in the backdrop.

Recovery through insolvency process better compared to other options: IBBI chief MS Sahoo

Asserting that recovery through insolvency law process has been better, IBBI chief MS Sahoo has said creditors have recovered Rs 1.6 lakh crore, which is 207 percent of the realisable value of assets of 190 companies rescued till December last year under it

NCLAT sets aside insolvency case against Flipkart; asks IRP to return e-commerce major's records, assets to promoter

On 24 October 2019, the Bengaluru Bench of the National Company Law Tribunal (NCLT) had admitted the insolvency plea filed by Cloudwalker Streaming Technologies, an operational creditor of Flipkart.

Adani, KKR, Bain Capital, Piramal, Kotak, among two dozen bids for DHFL; around 14 entities keen to take over entire operations

Most banks led by the State Bank have declared DHFL account as an NPA in the third quarter.

Economic Survey 2019-2020 sources data from Wikipedia, private entities such as Bloomberg and BSE

The Economic Survey 2019-20 has sourced certain data from Wikipedia, which is not considered as reliable source of information.