Latest News on Lanco Infratech
Showing of 0 - 10 from 21 results
Lanco Infratech - Total results - 21
Sep 06, 2018
BSE to suspend trading in Lanco Infratech from 14 September following commencement of liquidation proceedingsThe Reserve Bank had in June 2017 directed IDBI Bank, lead lender of Lanco Infratech, to initiate insolvency proceedings for the company under the Insolvency and Bankruptcy Code (IBC).
Aug 28, 2018
NCLT orders liquidation of Lanco Infratech as creditors reject Thriveni Earthmovers' revised resolution planThe Reserve Bank had last June directed IDBI Bank, lead lender of Lanco Infratech, to initiate insolvency proceedings for the company under the Insolvency and Bankruptcy Code
May 21, 2018
Finance Ministry expect banks to recover over Rs 1 lakh cr after resolution of 12 NPASFinance Ministry expects banks to write back more than Rs 1 lakh crore after resolution of all 12 NPAs referred to insolvency proceedings by the RBI
May 04, 2018
Lanco Infratech liquidation: IRP seeks NCLT's direction; 270-day insolvency resolution deadline ends todayLanco, among 12 firms identified by the RBI with high debt for proceedings under IBC, owes over Rs 44,000 crore to the IDBI Bank-led lenders consortium
Apr 19, 2018
Plans to revive ABG Shipyard, Alok Industries and Lanco could fail; lenders might liquidate firmsPlans to revive ABG Shipyard, Alok Industries and Lanco could fail, despite that fact that Alok received a bid from Reliance Industries (RIL).
Nov 24, 2017
New bankruptcy code provisions to deepen losses for banks, says Kotak Securities report"Promoters of most large steel companies were quite intent to regain control and did appear to offer the most competitive bid during the resolution process but are barred from doing so now," domestic brokerage Kotak Securities said
Nov 23, 2017
Insolvency ordinance: Essar Steel, Bhushan Steel, Lanco Infra say not 'wilful defaulters'The ordinance that comes as a blow to defaulting promoters seeking to reclaim their firms that are under insolvency proceedings, aims at putting in place safeguards to prevent unscrupulous persons from misusing or vitiating the provisions of the IBC
Jun 28, 2017
Provisioning for 12 NPAs: SBI's Arundhati Bhattacharya rules out huge dent on bottom linesThese 12 large accounts had become NPAs by end-March 2016 and Crisil estimates show the banks had already provisioned 40 percent for these NPAs worth Rs 2 trillion or about Rs 80,000 crore.
Jun 19, 2017
Sensex rises; banks up as RBI cracks down on large loan defaultersThe Nifty PSU Bank Index gained as much as 0.79 percent, with top lenders State Bank of India up as much as 0.7 percent and Canara Bank Ltd rising as much as 1.8 percent.
Jun 17, 2017
NPA crackdown: Read here for financial details of these 12 big loan defaulters likely to go for bankruptcyMonnet Ispat had a debt of over Rs 10,000 crore while its net worth turned negative to Rs 1,602 crore in FY17