Resolution Professional

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Resolution Professional - Total results - 27
RCom creditors panel to vote on Rs 23,000-cr resolution plans on 24 February; loans of Chinese lenders to reduce by nearly 65%
Business

RCom creditors panel to vote on Rs 23,000-cr resolution plans on 24 February; loans of Chinese lenders to reduce by nearly 65%

RCom's secured debt is estimated to be around Rs 33,000 crore. Lenders submitted claims of around Rs 49,000 crore in August.

Jet Airways crisis: Debt-laden airline plans to sell Netherlands business to KLM; deal not to impact company's shareholding pattern
Business

Jet Airways crisis: Debt-laden airline plans to sell Netherlands business to KLM; deal not to impact company's shareholding pattern

The insolvency resolution professional managing the affairs of Jet Airways said various options are being explored for the company's resolution and maximising the value for its stakeholders.

Jet Airways crisis: NCLT approves extension of grounded airline's insolvency resolution period by 90 days
Business

Jet Airways crisis: NCLT approves extension of grounded airline's insolvency resolution period by 90 days

On Thursday, Synergy Group Jet Airways' sole potential bidder had sought more time to take a decision on investing in the grounded airline.

Airtel, Reliance Jio submit bids for debt-ridden RCom telecom assets; Committee of Creditors to meet today
Business

Airtel, Reliance Jio submit bids for debt-ridden RCom telecom assets; Committee of Creditors to meet today

RCom's secured debt is estimated to be around Rs 33,000 crore. Lenders have submitted claims of around Rs 49,000 crore in August.

Jaypee Insolvency Case: NBCC sweetens bid by offering more land and benami flats to lenders; CoC to meet today
Business

Jaypee Insolvency Case: NBCC sweetens bid by offering more land and benami flats to lenders; CoC to meet today

In 2017, Jaypee Infratech went into insolvency process after the National Company Law Tribunal (NCLT) admitted an application by an IDBI Bank-led consortium.

Haldiram emerges sole bidder to buy debt-ridden dairy firm Kwality with offer of Rs 130 cr
Business

Haldiram emerges sole bidder to buy debt-ridden dairy firm Kwality with offer of Rs 130 cr

Kwality has a total debt of around Rs 1,900 crore, which means that lenders would have to take a significant haircut.

NCLAT asks RCom to approach NCLT for Rs 577-cr refund from Ericsson, allows resolution professional to appeal in case of adverse order
Business

NCLAT asks RCom to approach NCLT for Rs 577-cr refund from Ericsson, allows resolution professional to appeal in case of adverse order

Reliance Communications (RCom) is presently going through the Corporate Insolvency Resolution Process under the supervision of the Mumbai-bench of National Company Law Tribunal.

Jet Airways fails to attract new bidders during extended deadline period; may go ahead with 3 entities who submitted EOIs: Report
Business

Jet Airways fails to attract new bidders during extended deadline period; may go ahead with 3 entities who submitted EOIs: Report

With no new bidders emerging during this period, there are only three entities that had put in their initial bids earlier

Jet Airways crisis: Debt-laden airline's quarterly results delayed amid complexities of issues, liquidity crunch
Business

Jet Airways crisis: Debt-laden airline's quarterly results delayed amid complexities of issues, liquidity crunch

The affairs of Jet Airways, which closed down its operations on 17 April, are now being managed by resolution professional Ashish Chhawchharia under the insolvency law.

Anil Agarwal's Volcan Investment shows interest in buying stake in defunct carrier Jet Airways
Business

Anil Agarwal's Volcan Investment shows interest in buying stake in defunct carrier Jet Airways

Volcan Investment's EoI is in now way connected to Vedanta, the company said in a statement

Finally, Baba Ramdev gets ownership of Ruchi Soya for Rs 4,350 cr; banks take huge haircut
Business

Finally, Baba Ramdev gets ownership of Ruchi Soya for Rs 4,350 cr; banks take huge haircut

The NCLT approval comes after it dismissed the petitions filed by Standard Chartered Bank and Singaporean lender DBS, which had both challenged the low bid by Patanjali and the resultant lower payout.

Cash-strapped Jet Airways lenders attempt to sell bankrupt carrier again; to call bids for asset sale by 20 July
Business

Cash-strapped Jet Airways lenders attempt to sell bankrupt carrier again; to call bids for asset sale by 20 July

Last month, JetAirways' creditors, led by State Bank of India (SBI), took the airline to the bankruptcy court after failing to agree on a revival plan

Jet Airways crisis: Hinduja Group, Etihad Airways likely to bid for debt-laden airline via IBC route; Tata, Qatar Airways keen to join race too
Business

Jet Airways crisis: Hinduja Group, Etihad Airways likely to bid for debt-laden airline via IBC route; Tata, Qatar Airways keen to join race too

Qatar Airways is also expected to join the race for Jet Airways stake acquisition if the state-owned flag carrier of Qatar is able to find out a suitable local partner, the report said.

NCLT admits insolvency plea against Jet Airways, posts matter for next hearing on 5 July; RP directed to finish process in three months
Business

NCLT admits insolvency plea against Jet Airways, posts matter for next hearing on 5 July; RP directed to finish process in three months

NCLT will allow lenders led by SBI to sell the company as a whole or sell its assets and bring to end weeks of uncertainty over Jet Airways' future

Anil Ambani's RCom's bankruptcy begins as NCLT allows firm to exclude 357 days spent in litigation; next hearing on 30 May
Business

Anil Ambani's RCom's bankruptcy begins as NCLT allows firm to exclude 357 days spent in litigation; next hearing on 30 May

At the last hearing, RCom had sought 357 days (from 30 May, 2018 to 30 April, 2019) exclusion in the insolvency process citing the stays it had on the process by the NCLAT and the Supreme Court.

Sterling Biotech: NCLT reserves order on bankruptcy withdrawal as Madison Pacific Trust challenges bankers' plea
Business

Sterling Biotech: NCLT reserves order on bankruptcy withdrawal as Madison Pacific Trust challenges bankers' plea

The NCLT asked the RP to explain on why he did not approach the bench after the proposal was rejected with 89 percent vote at the first meeting of the committee of creditors led by Andhra Bank.

Jaypee Infratech insolvency: Homebuyers want NBCC bid to be reconsidered; say no faith in private firms
Business

Jaypee Infratech insolvency: Homebuyers want NBCC bid to be reconsidered; say no faith in private firms

Financial creditors and homebuyers of the Jaypee group realty firm are currently voting on the bid of Suraksha Realty, the lone player left in the race to acquire the company and complete over 20,000 flats.