Thu, Jan 17 2019. 07 17 PM IST
According to SBI chairman Rajnish Kumar, while the intent of IBC Section 29A is very clear that the defaulting promoters should not be in the driver’s seat once again, it has become the most contentious issue
Thu, Jan 17 2019. 06 38 PM IST
‘Deemed admission’ of companies under the Insolvency and Bankruptcy Code (IBC) will reduce the burden on NCLT, which can then focus on the core issues of insolvency cases.
Thu, Jan 17 2019. 01 46 PM IST
EISAF II is part of Edelweiss’s alternative assets business, a nine-year-old venture that currently has $3 billion in assets under management
Thu, Jan 17 2019. 01 35 AM IST
Ordering the liquidation of Bharati Defence, NCLT Mumbai said Edelweiss did not give a practical and viable plan to manage the affairs of Bharati Defence
Wed, Jan 16 2019. 08 49 PM IST
Former IL&FS directors have sought clarity over allowing them to operate their bank accounts
Wed, Jan 16 2019. 04 09 PM IST
State Bank of India (SBI) has set the aggregate reserve price for the full-cash sale of Essar Steel loans at ₹9,588 crore
Wed, Jan 16 2019. 04 35 AM IST
IL&FS Transportation Networks’s subsidiaries—Jharkhand Road Projects Implementation Co. Ltd and West Gujarat Expressway Ltd—have used an interim NCLAT order to demand that their debenture trustees release debt repayments
Wed, Jan 16 2019. 04 25 AM IST
Adani Wilmar has cited delays in insolvency resolution process for its move to withdraw plan to buy Ruchi Soya
Wed, Jan 16 2019. 04 05 AM IST
RBI says the total outstanding loans of borrowers, who defaulted on bank loans (under the one-day default rule), has declined more than 60% to ₹55,070 crore on 30 September 2018 from ₹1.53 trillion on 30 June
Wed, Jan 16 2019. 03 15 AM IST
NCLAT directed the AION Capital and JSW Steel combine to either modify the financial matrix of the plan or to argue its legality in next hearing
