The National Company Law Appellate Tribunal (NCLAT) on Monday directed the central government to submit a list of subsidiaries of the Infrastructure Leasing & Financial
Category: IBC-SEBI
Zee group’s Subhash Chandra gives personal guarantee to mutual funds | Business Standard News
Lenders have driven a hard bargain with Subhash Chandra, asking the Zee group chairman to provide a personal guarantee for payment obligations on an “irrevocable and unconditional”
Setback for Tata Steel as NCLAT upholds creditors decision on Bhushan Power | Business Standard News
The National Company Law Appellate Tribunal (NCLAT) on Monday upheld the Committee of Creditors’ (CoC) decision to approve JSW Steel Limited’s resolution plan for Bhushan
Ruia, Essar Steel directors move NCLT to quash ArcelorMittal’s takeover bid | Business Standard News
In an attempt to get back into the Essar Steel game, Essar Group director Prashant Ruia has moved a fresh application before the National Company Law Tribunal (NCLT) Ahmedabad
Ericsson to move Supreme Court to seek seizure of Anil Ambani assets – The Economic Times
Ericsson is set to file an application in the Supreme Court, pleading that all personal assets of Reliance CommunicationsNSE -1.28 % (RCom) chairman Anil Ambani be seized for breaching the top
RCom says NCLT debt resolution proposal to be similar to earlier plans | Business Standard News
Anil Ambani-led Reliance Communications (RCom), which on Friday said it would be filing for bankruptcy in the National Company Law Tribunal (NCLT) after the telco
From Rel Insurance to pay for loss to IBC process, here’re key court orders | Business Standard Column
Secured creditor can choose remedy The Supreme Court ruled last week that a secured creditor has a right to file a winding-up petition even after it obtained
Lenders get Chandra, Ambani and Goyal to move faster on debt pile – The Hindu BusinessLine
With bankers unwilling to relent, corporates with huge pile of debt are moving fast to ensure that they do not lose control of their companies.
[ दिवाळखोरी सनद ] धोरणसंदिग्धता | Loksatta
मोदी सरकारच्या काळात दिवाळखोरीची सनद तयार केली गेली, ही अर्थक्षेत्रातील अत्यंत महत्त्वाची घटना. पाच वर्षांतील सहावा अर्थसंकल्प नरेंद्र मोदी सरकार मांडत होते त्या दिवशी अन्य
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Now, Reliance Industries knocks on NCLT’s door for share in Essar Steel pie | Business Standard News
Mukesh Ambani-led Reliance Industries (RIL) has joined other operational creditors knocking on the doors of the National Company Law Tribunal (NCLT), seeking dues in the
Anil Ambani can’t find a fix for RCom, files for bankruptcy – The Economic Times
RCom, controlled by businessman Anil Ambani, owed banks $7 billion as of March 2017 when it last made public its debt level, and more to
Hindrance to resolution professional’s work will amount to Contempt of Court – The Economic Times
The Police Commissioner, Ahmedabad, has been directed to provide police assistance to the RP. India’s insolvency courts are stepping in to provide a judicial shield
SBI: Madam, don’t send us to court, firms tell biggest India bank – The Economic Times
By Saloni Shukla and P R Sanjai With 1.8 trillion rupees ($25 billion) in bad corporate debt to clean up, State Bank of IndiaNSE 2.16 % is having an
End-game at Jet – The Hindu BusinessLine
The end-game seems under way at Jet Airways. With various fund-raising efforts coming to naught and its back to the wall, cash-strapped Jet Airways has
NCLT Delhi initiates insolvency process against Emaar MGF Land – The Economic Times
NCLT Delhi on January 24 has initiated an corporate insolvency resolution process against Emaar MGF Land. The court has appointed Manoj Kumar Anand as the Insolvency Resolution Professional for
Shot in the arm: on SC upholding Insolvency and Bankruptcy Code – The Hindu
Last week’s Supreme Court judgment upholding the validity of the Insolvency and Bankruptcy Code 2016 (IBC) in its “entirety” could have a major impact on the country’s
NCLT rejects Essar Steel promoter Ruias’ settlement bid – The Economic Times
The National Company Law Tribunal (NCLT) Tuesday rejected the debt settlement proposal put forth by the shareholders of Essar Steel saying the offer violates Section 12A of
Government sets March deadline to resolve 9 top insolvency cases – The Economic Times
The government has set a March deadline for lenders and resolution professionals (RPs) to resolve nine of the dozen high-value insolvency cases, with Essar SteelNSE 0.00 % and Jaypee InfratechNSE
Timely NCLT resolutions can release Rs 67,000 crore to lenders: Report – The Economic Times
While the number of insolvency cases are expected to pile up over the next few quarters, timely conclusion of cases within the law mandated 180-270