Latest News on Insolvency
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Insolvency - Total results - 52
Feb 19, 2019
Jaypee Infratech's promoter makes second attempt to settle Rs 10,000-cr dues with lendersCrisis-hit Jaiprakash Associates has once again submitted a proposal to lenders of its subsidiary Jaypee Infratech for settling dues worth Rs 10,000 crore, amid bids for taking over the realty firm under the insolvency process
Feb 07, 2019
RBI permits companies participating in insolvency process to tap ECB routeIn a bid to facilitate the resolution process under insolvency law, the RBI on Thursday proposed to permit bidders to raise funds through external commercial borrowing for repayment to the existing lenders
Jan 03, 2019
NCLT helped creditors recover Rs 80,000 cr; Rs 70,000 cr more to be realised by March-end: Arun JaitleyFinance Minister Arun Jaitley on Thursday said Rs 80,000 crore has been recovered by creditors in 66 cases resolved by NCLT and around Rs 70,000 crore more is likely to be realised by March-end.
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.