Latest News on Resolution Professional
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Resolution Professional - Total results - 22
Oct 11, 2019
Haldiram emerges sole bidder to buy debt-ridden dairy firm Kwality with offer of Rs 130 crKwality has a total debt of around Rs 1,900 crore, which means that lenders would have to take a significant haircut.
Sep 19, 2019
NCLAT asks RCom to approach NCLT for Rs 577-cr refund from Ericsson, allows resolution professional to appeal in case of adverse orderReliance Communications (RCom) is presently going through the Corporate Insolvency Resolution Process under the supervision of the Mumbai-bench of National Company Law Tribunal.
Sep 02, 2019
Jet Airways fails to attract new bidders during extended deadline period; may go ahead with 3 entities who submitted EOIs: ReportWith no new bidders emerging during this period, there are only three entities that had put in their initial bids earlier
Aug 16, 2019
Jet Airways crisis: Debt-laden airline's quarterly results delayed amid complexities of issues, liquidity crunchThe 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.
Aug 12, 2019
Anil Agarwal's Volcan Investment shows interest in buying stake in defunct carrier Jet AirwaysVolcan Investment's EoI is in now way connected to Vedanta, the company said in a statement
Aug 09, 2019
In a first, NCLT allows 13 Videocon group firms to be clubbed to speed up resolution process, get better valueThe flagship Videocon Industries' debt stood at Rs 19,506 crore as of March 2018
Jul 26, 2019
Finally, Baba Ramdev gets ownership of Ruchi Soya for Rs 4,350 cr; banks take huge haircutThe 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.
Jul 24, 2019
Jet Airways crisis: SBI moves intervention plea against HDFC claim on airline's BKC property; NCLT adjourns matter for 8 AugustArray
Jul 17, 2019
Cash-strapped Jet Airways lenders attempt to sell bankrupt carrier again; to call bids for asset sale by 20 JulyLast 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
Jul 01, 2019
Jet Airways crisis: Hinduja Group, Etihad Airways likely to bid for debt-laden airline via IBC route; Tata, Qatar Airways keen to join race tooQatar 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.