Insolvency

Showing of 1 - 20 from 103 results
Insolvency - Total results - 103
Jet Airways insolvency resolution professional seeks fresh expressions of interest for defunct airline; shares up over 4%
Business

Jet Airways insolvency resolution professional seeks fresh expressions of interest for defunct airline; shares up over 4%

Jet Airways insolvency resolution professional on Wednesday invited fresh expressions of interest (EoI) for the grounded airline

Jet Airways resolution professional seeks 90 days extension for bids from NCLT
Business

Jet Airways resolution professional seeks 90 days extension for bids from NCLT

Jet Airways' resolution professional on Friday filed an application in National Company Law Tribunal (NCLT) seeking 90 days extension for the corporate insolvency resolution process of the defunct carrier

Jet Airways stock hits lower circuit, falls nearly 5% as deadline for submission of bids ends
Business

Jet Airways stock hits lower circuit, falls nearly 5% as deadline for submission of bids ends

Shares of Jet Airways on Friday plunged as much as 4.74 percent to hit lower price band on the BSE as its deadline for submission of bids ended

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

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 insolvency may tighten credit market, widen economic pain in India: S&P Global Ratings
Business

Yes Bank insolvency may tighten credit market, widen economic pain in India: S&P Global Ratings

S&P Global Ratings on Monday said quick resolution of Yes Bank's insolvency will keep India's banking sector contagion at bay, but as credit markets tighten there could be a possibility of wider economic pain in the country

RCom insolvency: Lenders approve Rs 23,000 cr resolution plan; Chinese banks to get major share
Business

RCom insolvency: Lenders approve Rs 23,000 cr resolution plan; Chinese banks to get major share

With lenders approving a Rs 23,000 crore resolution plan for Reliance Communication, as much as Rs 5,500 crore will flow to Chinese banks, clearing about 55 percent of their principal dues, including of those lenders to whom firm's promoter Anil Ambani had allegedly given a personal guarantee

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

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

Jet Airways: CoC decides to extend deadline for bids to 10 March after Russian Fund shows interest in grounded airline
Business

Jet Airways: CoC decides to extend deadline for bids to 10 March after Russian Fund shows interest in grounded airline

The deadline for submitting the bids for Jet Airways, which is undergoing insolvency process, ended on Monday

Videocon Industries insolvency case: NCLT orders inclusion of company's overseas assets in bankruptcy process
Business

Videocon Industries insolvency case: NCLT orders inclusion of company's overseas assets in bankruptcy process

The National Company Law Tribunal (NCLT) has ordered the inclusion of Videocon Industries' overseas oil and gas business in the ongoing insolvency process being conducted in the country

Insolvency process to be limited to real estate project concerned, not other group projects of developers: NCLAT
Business

Insolvency process to be limited to real estate project concerned, not other group projects of developers: NCLAT

NCLATsuggested there should be "reverse corporate insolvency resolution process" in such cases, where insolvency process is initiated against a realty company, no home buyer can approach NCLT or NCLAT to seek refunds.

Homebuyers' body writes to Parliamentary panel opposing amendment in insolvency law
Business

Homebuyers' body writes to Parliamentary panel opposing amendment in insolvency law

Homebuyers' body FPCE has written to a Parliamentary panel on finance, opposing an amendment in the insolvency law that seeks to insert a minimum threshold for flat owners to approach the National Company Law Tribunal (NCLT) against builders who have defaulted

Jet Airways insolvency: NCLT warns CoC of contempt proceedings if they do not release funds by 20 January
Business

Jet Airways insolvency: NCLT warns CoC of contempt proceedings if they do not release funds by 20 January

The NCLT on Wednesday warned Jet Airways CoC of contempt proceedings if they do not release interim funds to the resolution professional by 20 January for completion of insolvency proceedings

Vijay Mallya faces bankruptcy; consortium of 13 Indian banks back in UK court over Rs 10,000 cr debt
Business

Vijay Mallya faces bankruptcy; consortium of 13 Indian banks back in UK court over Rs 10,000 cr debt

In July, the banks had won a High Court battle to access documents they were after to establish the true ownership of assets they believed were linked with the embattled Mallya.

DHFL shares fall nearly 5% after RBI files application to initiate insolvency resolution process
Business

DHFL shares fall nearly 5% after RBI files application to initiate insolvency resolution process

Shares of Dewan Housing Finance Corporation on Monday fell nearly 5 percent to hit lower price band after the RBI filed an application to initiate the insolvency resolution process against the company

RBI refers DHFL to bankruptcy tribunal for resolution of company's Rs 83,873 cr debt
Business

RBI refers DHFL to bankruptcy tribunal for resolution of company's Rs 83,873 cr debt

The Reserve Bank on Friday sent the crippled Dewan Housing Finance Corporation (DHFL) to the bankruptcy tribunal, making it the first NBFC/HFC to be resolved under the insolvency and bankruptcy code

DHFL crisis: RBI appoints 3-member advisory panel to advise administrator of troubled mortgage lender
Business

DHFL crisis: RBI appoints 3-member advisory panel to advise administrator of troubled mortgage lender

The Reserve Bank on Friday constituted a three-member panel to advise the administrator of DHFL, ahead of formally moving for resolution of the troubled mortgage lender under the insolvency law

RBI supersedes DHFL Board on governance concerns, payment defaults; will initiate bankruptcy process
Business

RBI supersedes DHFL Board on governance concerns, payment defaults; will initiate bankruptcy process

The Reserve Bank on Wednesday superseded the board of the troubled Dewan Housing Finance Corporation (DHFL) due to governance concerns and defaults on various debt instruments

Essar Steel insolvency: ArcelorMittal aims to complete acquisition of debt-ridden company by 2019-end
Business

Essar Steel insolvency: ArcelorMittal aims to complete acquisition of debt-ridden company by 2019-end

Following the Supreme Court verdict on Essar Steel resolution plan, global steel giant ArcelorMittal said it expects to complete the acquisition of the debt-ridden company by the end of this year

Jaypee Infratech insolvency: Lenders discuss NBCC, Suraksha Realty bids; to meet again in November last week
Business

Jaypee Infratech insolvency: Lenders discuss NBCC, Suraksha Realty bids; to meet again in November last week

Lenders of Jaypee Infratech's on Monday discussed the bids submitted by NBCC Ltd and Suraksha Realty to acquire the debt-ridden firm in an insolvency process, and decided to meet again in November last week to negotiate with the two contenders, sources said

Govt notifies rules under insolvency law for resolution of financial service providers
Business

Govt notifies rules under insolvency law for resolution of financial service providers

The government on Friday notified rules under the insolvency law to deal with the resolution of financial service providers, excluding banks