Insolvency

Piramal group gets RBI nod for acquisition of DHFL; mortgage lender's shares rise by 4.94%

DHFL was the first finance company to be referred to NCLT by the RBI using special powers under Section 227 of the IBC. The company owes Rs 87,031 crore to financial creditors

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

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

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

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

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

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

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

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

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