Tuesday, October 22, 2019
How Birla's win in the battle for Binani reshapes India's bankruptcy focus The order will probably set a precedent for other companies in insolvency proceedings and may jeopardize the 270-day timeline laid down to resolve such cases Upmanyu Trivedi | Bloomberg Last...
Dispute over dues to be settled in 10 days, RCom tells SC After non-payment of dues since 2016, Ericsson moved the NCLT under the Insolvency and Bankruptcy Code against RCom and its two subsidiaries. Last Published: Thu, Oct 04 2018. 11 30...
'Individual insolvency norms soon' Among others, chairman of ICC expert committee on IBC Ashish Chhawchharia and Convenor of Finance and Taxation panel AK Sabat also spoke. Published: 16th September 2018 02:43 AM  |   Last Updated: 16th September 2018 04:58 AM  |  A+A A- By Express News Service BHUBANESWAR: The regulatory...
Bankrupt Adhunik Metaliks has received an additional 20 days to complete the ongoing insolvency resolution process. By: Mithun Dasgupta | Kolkata | Published: June 16, 2018 3:44 AM NCLT has ordered exclusion of 20 days from the mandated 270-day deadline to Adhunik Metaliks Bankrupt Adhunik...
K.R. SRIVATST+ T- Injeti Srinivas, Secretary, Ministry of Corporate Affairs   -  The Hindu NEW DELHI, JUNE 11 Home buyers may be treated as ‘financial creditors’ under the insolvency code, but they will have to argue their own case as to whether they should...
A group of home buyers of bankruptcy-hit Jaypee Infratech has written to IRP Anuj Jain that the interests of thousands of people who booked flats in Jaypee Wishtown project in Noida should be protected while finalising any resolution plan. By:...
Lenders ask company to seek clearance before approving out-of-court settlement Avishek Rakshit  |  Kolkata  Last Updated at April 8, 2018 01:31 IST = UltraTech Cement Ltd STOCK PRICE - CLICK HERE FOR MORE BSE 3,949.15-16.65 (-0.42%) BSE NSE 12:0115:013,9203,9403,9603,9804,000 12:01 2Y1Y6M1M5D1D Binani Cement is likely to move...
The Sajjan Jindal company will replace Rewant Ruia's Aurora Enterprises in the Numetal consortium Prince Mathews Thomas @newlekhakh JSW Steel NSElive 03 Apr, 2018 15:59 303.05 6.50 (2.19%) Volume 5214588 Todays L/H 292.30304.55 More In a fresh twist to the Essar Steel auction, JSW Steel may join...
UltraTech says bidding for Binani Cement should be called off Avishek Rakshit  |  Kolkata  Last Updated at March 21, 2018 06:54 IST Binani Cement Binani Industries Ltd LIVE STOCK PRICE - CLICK HERE FOR MORE BSE 97.65-0.40 (-0.41%) NSE 97.95-0.10 (-0.10%) BSE NSE 10:0111:0212:009698100102104 12:00 2Y1Y6M1M5D1D The resolution professional...
With 600-700 new NPA cases getting admitted into NCLT every month, demand for Resolution Professionals is on the rise; their number has more than doubled in less than a year Namrata Acharya & Ishita Ayan Dutt  |  Kolkata  Last Updated...
  IANS New Delhi, March 12 (IANS) At a time when stressed projects and the bad loans of banks are in focus, state-run Power Finance Corp (PFC) has approached the National Company Law Tribunal (NCLT) to start insolvency proceedings against promoters...
Nickey Mirchandani @onlynickey 10 March 2018, 8:54 PM 10 March 2018, 6:03 PM Follow Us Kumar Mangalam Birla-led UltraTech Cement Ltd. has revised its bid for debt-ridden Binani Cement Ltd. higher after an investor group led by Dalmia Bharat Ltd....
New Delhi, Mar 5 (PTI) The meeting between the debt-laden Essar Steels committee of creditors (CoC) and the Insolvency Resolution Professional (IRP) has been deferred to Wednesday, sources said. The IRP and the CoC could not decide on the eligibility...
Deal price not known; market pegged value of transaction when Mittal bought the shares at around $300 mn Ishita Ayan Dutt  |  Kolkata  Last Updated at February 14, 2018 01:26 IST Lakshmi Mittal ArcelorMittal Chairman L N Mittal has sold his 33...
New Delhi, Jan 29 Japanese imaging and electronics majors Indian subsidiary Ricoh India has filed for insolvency proceedings as it is unable to meet its liabilities. The company has filed an application under Section 10 of the IBC before the...
A look at the three important themes that are developing in relation to IBC, and a look at the directions that the law may take on these fronts Last Published: Fri, Jan 26 2018. 08 34 AM IST Ashwin BishnoiRohit Ambast Cases...
Govt-appointed committee planning to recommend amendments to bankruptcy code to make this happen Veena Mani  |  New Delhi  Last Updated at December 7, 2017 01:59 IST Buyers of stressed assets might soon get an exemption from paying the minimum alternate tax...
Rediff.com  » Business » Why ignoring the Bankruptcy Code will be a BIG mistake The initiation of IBC proceedings in respect of a debtor has certain drastic consequences on both day-to-day running of the business of a debtor and on all creditors...
Move to ensure more bidders for Bhushan Power, Electrosteel Ishita Ayan Dutt  |  Kolkata  Last Updated at December 4, 2017 03:18 IST Seeking to ensure maximum participation in the bidding for stressed assets under the insolvency law, the creditors’ committees for...
Interview with Bhushan Steel's promoter Neeraj Singal Ishita Ayan Dutt  Last Updated at November 24, 2017 00:44 IST Bhushan Steel’s promoter Neeraj Singal As details of amendments to the Insolvency and Bankruptcy Code came to light, Bhushan Steel’s promoter Neeraj Singal, whose...