Latest News on Insolvency
Showing of 0 - 10 from 49 results
Insolvency - Total results - 49
Nov 02, 2018
World Bank Ease of Doing Business ranking: Why strong and efficient laws like IBC create a conducive environment for bizthe dual mechanism of insolvency and thereafter liquidation creates an efficient system of Insolvency Laws, which is very critical for the development of any economy.
Oct 25, 2018
Essar Steel insolvency: Shareholders of debt-ridden firm offer to pay Rs 54,389 cr to clear all dues of lendersThe plan includes an upfront cash payment of Rs 47,507 crore to all creditors
Oct 22, 2018
High-level panel likely to suggest UN model for cross-border insolvency casesThe panel, headed by Corporate Affairs Secretary Injeti Srinivas, is likely to recommend adoption of the United Nations Commission on International Trade Law (UNCITRAL) model to deal with cross-border insolvency cases
Oct 17, 2018
Essar Steel insolvency case: ArcelorMittal to pay Rs 7,469 cr to clear Uttam Galva, KS Petron duesAfter losing their case in NCLT and NCLAT, ArcelorMittal had moved the Supreme Court, which on 4 October had allowed them to bid for Essar Steel provided they cleared their dues to their lenders.
Oct 04, 2018
International Finance Corporation moves insolvency plea against infrastructure firm Punj Lloyd at NCLTIFC is seeking recovery of $30 million defaulted by Punj Lloyd.
Sep 10, 2018
ArcelorMittal sweetens offer for Essar Steel; submits revised proposal to committee of creditorsWorld's leading steel giant ArcelorMittal has sweetened its offer for Essar Steel, as the bids received in the second round for the debt-ridden firm were opened by its lenders on Monday.
Aug 24, 2018
Ruchi Soya lenders approve Adani Wilmar's Rs 6,000 cr resolution plan to acquire debt-ridden firmAdani group firm Adani Wilmar, which sells cooking oil under Fortune brand, and Baba Ramdev-led Patanjali were in the fray to acquire Ruchi Soya.
Aug 03, 2018
Govt ready to make more changes, if necessary, to Insolvency and Bankruptcy CodeThe Code, which comes under the Corporate Affairs Ministry, has already been amended twice.
Jul 20, 2018
Bhushan Power & Steel insolvency: NCLAT allows lenders to meet and finalise bid for the debt-ridden companyVacating its earlier stay, the appellate tribunal has directed the committee of creditors (CoC) of the company to consider the resolution plans submitted by three firms -- Tata Steel, Liberty House and JSW Steel
Jul 18, 2018
Essar Steel Insolvency case: Aurora Enterprises would have no control over firm, says Numetal to NCLATNCLAT had earlier asked for confirmation that Rewant Ruia as a shareholder of Numetal through AEL does not have a business or financial relation with Ravi Ruia for the purposes of Numetal's bid.