Resolution Professional

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

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

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

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

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

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

In a first, NCLT allows 13 Videocon group firms to be clubbed to speed up resolution process, get better value

The flagship Videocon Industries' debt stood at Rs 19,506 crore as of March 2018

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.

Jet Airways crisis: SBI moves intervention plea against HDFC claim on airline's BKC property; NCLT adjourns matter for 8 August

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