Supreme Court Verdict On Insolvency Law Hits Credibility Of RBI
(c) 2019 Bloomberg | Published: April 03, 2019 13:49 IST
You don't adopt a modern insolvency law in the expectation of damaging the credibility of your central bank. But that's just what has...
Operational creditors benefits equally from IBC: Insolvency and Bankruptcy Board of India
IBBI chairman MS Sahoo said that 48 per cent of financial creditors have got their recovery post resolutions.
Published: 09th March 2019 11:29 PM | Last Updated: 09th March 2019 11:29 PM | A+A A-
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Lenders send feelers for stake sale in Jet Airways
IANS | Mumbai/New Delhi Last Updated at March 29, 2019 19:40 IST
To stave off any haircut in Jet Airways, the lenders of the company have already started approaching prospective investors, informed sources said...
Essar Steel CoC meets over payout of ArcelorMittal's ₹42,000 crore offer
2 min read . Updated: 27 Mar 2019, 06:02 PM ISTPTI
The decision on a higher payout for StanChart in the ArcelorMittal-Essar Steel case is likely by Friday, 29 March
ArcelorMittal has...
NBCC bids to acquire bankruptcy-bound Jaypee Infratech
NBCC Chairman and Managing Director Anoop Kumar Mittal said the company is 'keen to acquire' Jaypee Infratech and complete over 20,000 housing units.
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Jaypee Infratech lenders to discuss resolution bids
Devdiscourse News Desk New Delhi India
Updated: 14-02-2019 19:12 IST Created: 14-02-2019 18:35 IST
Image Credit: Pixabay
Debt-ridden Jaypee Infratech's lenders will meet on February 18 to discuss the resolution plans to be submitted by four shortlisted bidders by Friday to take over...
Jaypee Infra’s promoter makes second attempt to settle dues: Media report
The latest offer comes close on the heels of state-owned NBCC and realty firm Suraksha group putting in bids for Jaypee Infratech.
February 20, 2019 9:16 IST | India Infoline News Service
Jaypee...
Treating homebuyers as fin creditors ups developers’ default risk
written by Agencies February 20, 2019 5:58 am
Mumbai: Treating homebuyers as financial creditors under the bankruptcy law has increased the default risks for developers with delayed projects, warns a report. Last August, Parliament had...
As Essar Steel saga goes on, up to judiciary to ensure that banks get money back soon
By: The Financial Express | Updated: February 12, 2019 6:55 AM
On Monday, the promoters of Essar Steel, the Ruias, appealed in the NCLAT (National Company Law Apellate...
Relaxed ECB norms may lead to increased interest from foreign investors in distressed assets
Deborshi Chaki
Experts maintain that the impact of the relaxation will finally depend on the fineprint of the new guidelines
Under the current RBI guidelines, pricing...
RBI permits companies participating in insolvency process to tap ECB route
As per the existing guidelines, the proceeds of External Commercial Borrowing (ECB) denominated in either foreign currency or Indian Rupee, are not permitted to be utilised for repayment or...
Number of cases withdrawn under Sec 12A of IBC sees a spike in Q3 FY19
At the end of December 2018, two years after the IBC came into effect, 586 cases have been settled one way or another
Ishan Bakshi | New...
Adhunik Metaliks' lenders seek new buyer
Liberty House deal delayed as it waits for a "clean asset"; Maharashtra Seamless wants in
By Sambit Saha in Calcutta
Published 25.01.19, 2:04 AM
Updated 25.01.19, 2:04 AM
According to the resolution plan confirmed by the NCLT, Liberty...
Kotak Investment Advisors not keen to pick equity in Jaypee Infratech
The deadline to submit proposals to revive the realty firm has been extended till February 15
Veena Mani | New Delhi Last Updated at January 25, 2019 09:25 IST
Kotak Investment Advisors, one...
Adani Power Ltd is close to acquiring the GMR Chhattisgarh power project under the Samadhan Scheme of State Bank of India, two bankers in the know told BloombergQuint on condition of anonymity. The deal, if closed, will be a small step...
Raw Deal For Workers Under Insolvency & Bankruptcy Code
IPA Staff
24/11/2018
in Feature, IPA Special
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By B. Sivaraman
2280 workers of Moser Baer in Noida were left in the lurch in October after the National Company Law Tribunal (NCLT) initiated liquidation procedure against the company....
Pre-packaged bankruptcy scheme to speed up insolvency resolutions pre-IBC
By: FE Bureau | Updated: November 27, 2018 5:55 AM
Analysts are divided in their opinions about the pre-packaged arrangement.
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The resolution plan so reached can then be placed before the NCLT for approval, so that it...
Liberty House misses deadline to pay Rs 4,810 crore to Amtek, Adhunik lenders:
Report
The UK-based steel major had won both assets in July and according to the resolution plan, was expected to pay lenders Rs 4,810 crore by October
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Essar Steel: Ruia Offer Is Bigger But Is It Better?
BloombergQuintOpinion
Menaka Doshi@menakadoshi
October 29 2018, 11:48 AMOctober 29 2018, 1:11 PM
At 1 p.m. on Oct. 25 the voting closed. Over 90 percent of votes cast by the Essar Steel committee...
Essar Steel: Ruias may go to court on offer by ArcelorMittal
By: FE Bureau | Published: October 30, 2018 5:47 AM
The Ruias, who have offered to pay `54,389 crore to clear their dues to the lenders of Essar Steel, are likely to challenge the...