Category: IBC-SEBI

Lenders to Jet Airways have finally decided to act tough by asking promoter Naresh Goyal and three of his nominees to step down from the

State Bank of India asked Jet AirwaysNSE -4.67 % chairman Naresh Goyal and three fellow directors to step down from the board of the airline as it edged closer

Lenders of Jet Airways are likely to take management control of the airline by superseding the current board, it is learnt. A consortium of lenders, led by State

Ruling that the National Company Law Tribunal (NCLT) is not the right forum to initiate recovery proceedings for non-payment of ‘annual listing fees,’ the tribunal’s

Operational creditors, under the plan, would get just Rs 214 crore against the outstanding of Rs 4,976 crore. The NCLAT Wednesday asked the resolution professional

Even as media reports indicate that Etihad has decided to bow out, and is looking to sell it’s stake completely, Kumar said that the decision

Courts like the NCLAT and the SC need to understand the implications of their rulings. While it is good news that the central bank has

By Andy Mukherjee Anil Ambani is not going to jail after all, and Ericsson AB got its money. The Swedish company’s lawyers should take a

Aashish Aryan  |  New Delhi  Last Updated at March 20, 2019 21:14 IST The Income Tax department of the central government, the sales tax department of the state government and other

Creditors to Essar SteelNSE 0.00 % are weighing three options, one of which might be put before an appellate bankruptcy court on Monday, as they seek to draw to

At least two directors of the erstwhile IL&FS Financial Service (IFIN) have said they were kept out of the loop on major decisions taken by

The central bank contended before National Company Law Appellate Tribunal (NCLAT) that it is regulator of banks and it should also be heard in the

Markets regulator Sebi Tuesday said it has inked pact with Insolvency and Bankruptcy Board of India to effectively implement securities laws, and Insolvency and Bankruptcy

Bhushan Power operational creditors oppose CoC-approved plan Operational creditors (OCs) to Bhushan Power and Steel (BPSL) on Tuesday raised objections over the committee of creditors

The National Company Law Appellate Tribunal (NCLAT) on Tuesday admitted the Reserve Bank of India’s (RBI’s) plea seeking modification of the February 25 order of

The National Company Law Tribunal (NCLT) has directed the government, regulators, and investigation agencies to clear their stand before the dedicated bankruptcy court decides on the legality

The NCLAT refused to put on hold ArcelorMittal’s proposed payment to Essar Steel’s lenders. ArcelorMittal’s Rs 42,000 crore resolution plan for takeover of bankrupt Essar

The banking sector has been reeling under stress for some time now, with non-performing assets (NPAs) steadily climbing, hurting the asset quality of banks. Even

The NCLT had sent notices to the Ministry of Corporate Affairs, Income Tax office, Enforcement Directorate (ED), SEBI, CBI and RBI for their representations before