Month: April 2019

Banks’ recoveries from bankruptcy cases are on the decline as demand for sick companies under the Insolvency and Bankruptcy Code has waned. However, fears of losing their companies have

Kotak Mahindra BankNSE 0.91 % has approached the dedicated bankruptcy court against Ballarpur IndustriesNSE 1.89 % Ltd subsidiary – BILT Graphic Paper Products – for default of Rs 218 crore.

Bankruptcy Regulator chairperson MS Sahoo said that the Insolvency and Bankruptcy Board of India (IBBI) is working to provide an accountable and competent valuation professionals. The ministry of

Nearly half of their total admitted claims worth over Rs 1.42 lakh crore have been recovered by financial and operational creditors from as many as 88 debt-ridden companies under

The group owes about Rs 15,000 crore to its financial and operational creditors. The dedicated bankruptcy court has stayed its earlier order to allow the

Failing to get an emergency funding of Rs 400 crore from the lenders, cash-strapped Jet Airways suspended its total operations temporarily from Wednesday night. The

Cases under old companies act: Promoter too can seek revival during liquidation, says NCLAT The National Company Law Appellate Tribunal (NCLAT) has held that the

The NCLAT is expected to hear RCom’s application for vacating the stay on 30 April 2019. Anil Ambani’s Reliance Communications, which recently had to pay

In an explanation to the ongoing dispute on whether or not loan exposures to stressed infrastructure major IL&FS are to be classified as non-performing assets (NPA), the

Essar Steel’s operational creditors with claims of over Rs one crore Wednesday alleged that the committee of creditors of the debt-ridden firm has been “monopolised” by its financial lenders

Sole bidder JSW Steel’s Rs 1,200 crore offer for downstream company, Asian Colour Coated Ispat Limited, may be under a cloud, as the resolution professional and the

The verdict is a serious blow to the central bank’s officials, who have been trying to tackle one of the world’s worst bad debt problems

The Ministry of Corporate Affairs (MCA) has invited stakeholder comments on the proposed insolvency law reforms such as group insolvency, pre-packaged insolvency resolution and other

Deal volumes down by 7 per cent The M&A activities recorded a fall in the first quarter of 2019, with the January-March period posting a

The IBC requires that resolution should be done within 180 days and a grace period of 90-days could be accorded, bringing the maximum time to

Asserting that the insolvency law‘s objectives are reorganisation and resolution of a defaulting company, IBBI chairperson MS Sahoo said that if creditors recover their dues one after another