The NCLAT has received intervening petitions from nearly 100 creditors, seeking redress in the proposed IL&FS Resolution Plan that was submitted by the government. The
Category: IBC-SEBI
NCLAT sets aside Jyoti Structures liquidation, asks considering Rs 4,000 cr plan by Sanghi, others – The Economic Times
The National Company Law Appellate Tribunal (NCLAT) has set aside the order to liquidate Jyoti Structure and asked the Mumbai bench of NCLT to consider
Banks and bankruptcies – The Hindu BusinessLine
The decision by Jet Airways’ lenders to infuse ₹1,500 crore into the beleaguered carrier gives stakeholders a breather to explore turnaround options. However, the introduction
| जेट जाउ द्या मरणालागुनि.. | लोकसत्ता
दिवाळखोरी संहितेसारखे महत्त्वाचे पाऊल उचलणारे सरकारच जेटसारख्या खासगी कंपनीला वाचवण्याचा आटापिटा करते, ही धोरणशून्यताच नव्हे काय? तलवारीच्या जोरावर जगणाऱ्यांचा अंत तलवारीनेच होतो, असे म्हटले जाते.
jet airways: It’s a bad move! Don’t make banks buy Jet Airways – The Economic Times
Does it make sense for the Tata group to buy Jet now? It probably does. Business historians and management gurus will for a long time
Crisis-hit Jet Airways’ lenders struggle for consensus on revival plan | Business Standard News
The lenders to Jet Airways are yet to come to an agreement on firming up a rescue package for the airline, which is left with a skeleton
Crisis-hit Jet Airways’ lenders struggle for consensus on revival plan | Business Standard News
The lenders to Jet Airways are yet to come to an agreement on firming up a rescue package for the airline, which is left with a skeleton
Pay up, make peace: Promoters make one-time settlements with banks on loans | Business Standard News
With rising litigation over insolvency cases, banks are increasingly opting for loan settlement offers from defaulting firms under Section 12A of the Insolvency and Bankruptcy
Bank employees oppose lenders’ plan to take control of ailing Jet Airways | Business Standard News
Bank employees on Thursday opposed the move by a consortium of lenders, led by State Bank of India (SBI), to take control of cash-strapped Jet Airways and infuse additional Rs
Jet’s new flight path | Business Standard Editorials
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
SBI asks Goyal, 3 others to step down from Jet board – The Economic Times
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
Banks to take control of Jet Airways cockpit; lenders to infuse Rs 1,200 cr | Business Standard News
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
Outstanding listing fee can’t be recovered under IBC, rules NCLT – The Hindu BusinessLine
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
IBC: NeSL ‘gives creditors’ access to data real time – The Hindu BusinessLine
In a bid to facilitate a time-bound and cost-effective resolution under the Insolvency and Bankruptcy Code, National E-Governance Services Ltd (NeSL), India’s first Information Utility
Essar Steel: NCLAT directs Essar Steel to call CoC meeting to reconsider distribution of funds–Economic Times
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
SBI says not all is lost in Jet Airways; still trying to keep Naresh Goyal’s airline afloat – The Financial Express
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
The NCLAT has got it wrong; if RBI can’t force them to provision, banks can’t be safe – The Financial Express
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
Ericsson-RCom row: Lesson for India’s bankruptcy system – The Financial Express
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
I-T department, other tax agencies can initiate insolvency: NCLAT | Business Standard News
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
ArcelorMittal: Essar Steel lenders mull options after NCLAT advice – The Economic Times
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