Recent Highlights
All Stories for Resolution Professional
Jaypee Insolvency Case: NBCC sweetens bid by offering more land and benami flats to lenders; CoC to meet today
• 5 years agoIn 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
• 6 years agoKwality 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
• 6 years agoReliance 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
• 6 years agoWith 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
• 6 years agoThe 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
• 6 years agoVolcan 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
• 6 years agoThe 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
• 6 years agoThe 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
• 6 years agoCash-strapped Jet Airways lenders attempt to sell bankrupt carrier again; to call bids for asset sale by 20 July
• 6 years agoLast 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