Latest News on Insolvency
Showing of 0 - 10 from 53 results
Insolvency - Total results - 53
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.
Aug 03, 2018
Govt ready to make more changes, if necessary, to Insolvency and Bankruptcy CodeThe Code, which comes under the Corporate Affairs Ministry, has already been amended twice.
Jul 20, 2018
Bhushan Power & Steel insolvency: NCLAT allows lenders to meet and finalise bid for the debt-ridden companyVacating its earlier stay, the appellate tribunal has directed the committee of creditors (CoC) of the company to consider the resolution plans submitted by three firms -- Tata Steel, Liberty House and JSW Steel
Jul 18, 2018
Essar Steel Insolvency case: Aurora Enterprises would have no control over firm, says Numetal to NCLATNCLAT had earlier asked for confirmation that Rewant Ruia as a shareholder of Numetal through AEL does not have a business or financial relation with Ravi Ruia for the purposes of Numetal's bid.
Jul 04, 2018
IBBI amends norms, notifies procedures for home buyers under insolvency proceedingsWith the amended norms, there is more clarity on procedural requirements for various classes of creditors, including home buyers.
Jun 07, 2018
RBI announces hike in limits for cheaper loan for affordable housing; raises red flag on small ticket housing loansThe RBI said after a careful analysis of the housing loans data, it has been observed that the level of NPAs for the ticket size of up to Rs 2 lakh has been high and is rising briskly.
Jun 05, 2018
Vedanta to buy 90% of Electrosteel: IBC is a big winner for ailing banks but the judiciary can still spoil partyIndia's judiciary would do well to stay out of bankruptcy proceedings, critical for the survival of the NPA-ridden banking sector.
May 24, 2018
Govt move to clear insolvency code amendments to expedite NPA cases, says FICCIThe government's decision to approve an ordinance entailing amendments to the Insolvency and Bankruptcy Code will expedite resolution of a large number of cases pertaining to non-performing assets, FICCI said on Thursday
May 22, 2018
RCom moves NCLAT challenging order allowing plea for its insolvency filed by EricssonAnil Ambani-run RCom's plea is expected to be heard by the appellate tribunal in the coming week
May 14, 2018
NCLT resolution to settle over Rs 1.6 lakh cr of debt in steel sector: Crisil reportResolution of insolvency cases in NCLT against the stressed steel companies will settle over half of steel sector's outstanding debt of Rs 3.26 lakh crore, and consolidate the sector further, said a Crisil report