Latest News on Insolvency
Showing of 0 - 10 from 39 results
Insolvency - Total results - 39
Jul 04, 2018
IBBI amends norms, notifies procedures for home buyers under insolvency proceedingsWith the amended norms, there is more clarity on procedural requirements for various classes of creditors, including home buyers.
Jun 07, 2018
RBI announces hike in limits for cheaper loan for affordable housing; raises red flag on small ticket housing loansThe RBI said after a careful analysis of the housing loans data, it has been observed that the level of NPAs for the ticket size of up to Rs 2 lakh has been high and is rising briskly.
Jun 05, 2018
Vedanta to buy 90% of Electrosteel: IBC is a big winner for ailing banks but the judiciary can still spoil partyIndia's judiciary would do well to stay out of bankruptcy proceedings, critical for the survival of the NPA-ridden banking sector.
May 24, 2018
Govt move to clear insolvency code amendments to expedite NPA cases, says FICCIThe government's decision to approve an ordinance entailing amendments to the Insolvency and Bankruptcy Code will expedite resolution of a large number of cases pertaining to non-performing assets, FICCI said on Thursday
May 22, 2018
RCom moves NCLAT challenging order allowing plea for its insolvency filed by EricssonAnil Ambani-run RCom's plea is expected to be heard by the appellate tribunal in the coming week
May 14, 2018
NCLT resolution to settle over Rs 1.6 lakh cr of debt in steel sector: Crisil reportResolution of insolvency cases in NCLT against the stressed steel companies will settle over half of steel sector's outstanding debt of Rs 3.26 lakh crore, and consolidate the sector further, said a Crisil report
Apr 26, 2018
Baba Ramdev’s Patanjali denies placing Rs 9,000 crore bid for Ruchi Soya; will still evaluate stressed targetBaba Ramdev’s Patanjali Ayurved has denied making a bid for debt-laden edible oil importer and retailer Ruchi Soya Industries
Apr 16, 2018
NPA crisis: Loans worth Rs 2.72 lakh cr written-off since NDA government took over in 2014; just Rs 29,000 cr recoveredThe problem is that there aren’t enough buyers for stressed assets in India, at prices the banks expect, needed to compensate for their losses.
Mar 23, 2018
Tata Steel wins bid to acquire debt-laden Bhushan Steel in an insolvency auctionTata Steel said it has accepted the letter of intent (LoI) for Bhushan Steel Ltd under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code 2016 (IBC)
Jan 12, 2018
Union Budget 2018: Pressure on FM Arun Jaitley to fulfil promise of cutting corporate tax rate to 25%In the upcoming Union Budget 2018, Finance Minister Arun Jaitley will be under pressure to moderate tax rate for the industry which was promised a lower corporate tax of 25 percent by the government three years ago