Latest News on Insolvency Resolution
Showing of 0 - 10 from 13 results
Insolvency Resolution - Total results - 13
Feb 26, 2019
NCLAT dismisses plea of Monnet Power resolution professional over claims of BHELMonnet Power owes around Rs 6,000 crore to a consortium of lenders, including State Bank of India and Punjab National Bank.
Feb 18, 2019
Need to strengthen corporate insolvency resolution process by having deterrents against failure: IcraIBC was implemented, three concluded corporate insolvency resolution process (CIRPs) being brought back to NCLTs
Jan 04, 2019
Insolvency and Bankruptcy Code: Act has tightened slack loopholes; supporting institutions like NCLTs need of the hourWhat led to the inception of the IBC was a legal framework for insolvency and bankruptcy which was completely inadequate, ineffective, and plagued with delays
Dec 31, 2018
CII says India's robust economic growth to continue in 2019; better demand conditions, GST, general polls strong driversCII believes the government will continue to place high priority on simplifying business procedures in 2019, especially in terms of working with states for grassroots improvements.
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.
Sep 21, 2018
The Great Indian NPA Mess: How MUDRA scheme, Kisan credit cards could pose the next round of risk for banking sectorThe loans extended under the government’s MUDRA scheme and Kisan Credit Cards pose a potential credit risk. These growing liabilities need to be examined with greater urgency.
Sep 05, 2018
JSW Steel, promoters acquire around 88% stake in bankrupt Monnet Ispat after NCLT approves Rs 2,875 cr bidMonnet Ispat, once one of the country's foremost steelmakers, ran a successful coal-based sponge iron plant with an annual capacity of 1.5 million tonnes in Chhattisgrah
Aug 30, 2018
Tata Steel to operate out of Sahibabad facility of Bhushan Steel, says doesn't want to retain debt-laden firm's Delhi officeTata Steel Ltd had won the bid to acquire debt-laden Bhushan Steel in an insolvency auction
Jul 12, 2018
Essar Steel insolvency: Lenders urge NCLAT to expedite resolution process, say firm incurring daily loss of Rs 17 croreLenders to Essar Steel on Wednesday urged the NCLAT to complete its insolvency resolution process in "quick" time
May 16, 2018
NCLT allows Ericsson's insolvency plea against Reliance Communications; will delay Anil Ambani-led firm's plan to sell assetsEricsson, which signed a seven-year deal in 2014 to operate and manage Reliance Communications’ nationwide telecom's network, is seeking 11.55 billion rupees ($170 million) from the company and two of its subsidiaries.