Lenders would be better off demanding that Liberty House honour payments rather than setting a precedent that allows successful bidders to renege on their commitments
2 min read15 Nov 2018In the case of ABG Shipyard, one of the companies referred to bankruptcy courts, the percentage of claims made by operational creditors that were rejected stood at a staggering 90% of the total claims
3 min read5 Sep 2018Sanjeev Gupta's Liberty House has placed a bid of 5,200 crore for ABG Shipyard, which owes close to 19,000 crore to creditors
3 min read27 Aug 2018Data available with BSE shows that 75 firms, including Bhushan Steel, Jaypee Infratech and Ruchi Soya Industries are undergoing insolvency process as per IBC
1 min read9 Jun 2018In other news, Bharti Infratel and Indus Towers agree to merge their businesses to create the world's largest tower company outside China
2 min read26 Apr 2018Expressions of interest (EoIs) have been invited from potential bidders for ABG Shipyard under Insolvency and Bankruptcy Code
1 min read18 Apr 2018A status update on the 12 companies in the RBI defaulter list currently undergoing bankruptcy proceedings under the Insolvency and Bankruptcy Code
1 min read17 Apr 2018Firms undergoing proceedings under the Insolvency and Bankruptcy Code are seeing limited interest, but may find more takers at the end of resolution
2 min read21 Mar 2018In other news, Suzuki to invest $3 billion in India over three years, while NCLT allows auction of ABG Shipyard arm Western India
1 min read8 Feb 2018The bankruptcy court NCLT has allowed the auction of the properties of Western India Shipyard, a subsidiary of ABG Shipyard, one of the 12 large cases referred by the RBI for early bankruptcy proceedings
1 min read8 Feb 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared