Insolvency Resolution Professional

Insolvency Resolution Professional News

Bharti Airtel submits conditional bids of around Rs 9,500 crore for debt-ridden RCom' telecom assets
Business

Bharti Airtel submits conditional bids of around Rs 9,500 crore for debt-ridden RCom' telecom assets

I Squared Capital, which was expected to buy RCom's data centre and optical fibre, also did not submit bids.

Supreme Court asks NCLT to deal with insolvency proceedings against Jaypee Infratech
Business

Supreme Court asks NCLT to deal with insolvency proceedings against Jaypee Infratech

SC allowed the RBI to direct the banks to initiate separate insolvency proceedings against Jaypee Infratech's holding company Jaiprakash Associate Limited

ArcelorMittal moves NCLT, challenges lenders' decision to reject its bid for Essar Steel
Business

ArcelorMittal moves NCLT, challenges lenders' decision to reject its bid for Essar Steel

ArcelorMittal has challenged committee of creditors' last week decision to reject its bid for Essar Steel on technical grounds at Ahmedabad bench of NCLT

Insolvency and Bankruptcy Code: An efficient mechanism for tackling NPAs but resolution professionals face challenges
Business

Insolvency and Bankruptcy Code: An efficient mechanism for tackling NPAs but resolution professionals face challenges

Intention of bringing in new insolvency law was essentially to clean up the banking mess and thereby providing a boost to the economy

Jaypee Infratech's 30,000 home buyers should brace for long battle; Arun Jaitley's sympathy will be of no use
India

Jaypee Infratech's 30,000 home buyers should brace for long battle; Arun Jaitley's sympathy will be of no use

Jaypee Infratech's 30,000 home buyers should brace themselves for a long battle as the bank has the grip and will be the first in the queue, leaving the cupboard bare