New Delhi: The board of State Bank of India is learnt to have approved resolution plan for Reliance CommunicationsNSE 0.00 %, through which lenders are
Category: IBC-SEBI
NCLT approves ArcelorMittal’s Rs 2,360 cr bid for Odisha Slurry Pipeline – The Economic Times
The National Company Law Tribunal (NCLT) has approved a Rs 2,359-crore bid of ArcelorMittal India for debt-ridden Odisha Slurry Pipeline Infrastructure Ltd (OSPIL). A two-member
NCLT approves NBCC bid for Jaypee Infratech – The Economic Times
The National Company Law Tribunal (NCLT) has approved the resolution plan of NBCC (India) to acquire the debt-hit realty developer Jaypee InfratechNSE 4.55 %, three
Government introduces bill to amend banking laws to strengthen cooperative banks | Business News,The Indian Express
Noting that the happenings at the PMC Bank had “unfortunately” put a lot of small depositors in difficulty, Finance Minister Nirmala Sitharaman said there were
ministry of corporate affairs: No unnecessary action against independent directors without strong evidence of wrong doing: MCA – The Economic Times
NEW DELHI: The Ministry of Corporate Affairs on Monday said prosecution proceedings will not be initiated against independent and non-executive directors unless there is strong
bank loans: ‘Companies may default on Rs 2.54-L cr bank loans in next 3 years’ – The Economic Times
KOLKATA: An additional 4% of outstanding corporate borrowings from banks, translating roughly into Rs 2.54 lakh crore could tip into default over the next three
NCLT allows consolidation of Lavasa Corporation’s subsidiaries for faster resolution – The Economic Times
MUMBAI: The dedicated bankruptcy court has approved the request of lenders to Lavasa Corporation to consolidate the township developer and its wholly owned subsidiaries Warasgaon
80% of stressed assets resolved, only 20% in liquidation, says MS Sahoo, head of the insolvency regulator, IBBI – The Financial Express
The credible threat of IBC process that a company may change hands has changed the behaviour of debtors. Even as the Insolvency and Bankruptcy Code
Greater transparency | Business Standard Editorials
The Union Ministry of Corporate Affairs announced last week the notification of the Companies (Auditor’s Report) Order, 2020 (CARO 2020). The order has introduced several
An Asset Reconstruction Fund is needed to boost ARC Sector–Business Today
There has been an exponential growth in NPAs of banks with the present level at around Rs 9 lakh crore Asset Reconstruction Companies (ARCs) have
Jet lenders to seek fresh Expression of Interest for the carrier – The Economic Times
Mumbai: Defunct airline Jet Airways’ Committee of Creditors has decided to issue fresh Expression of Interest (EoI) for the carrier, which is undergoing insolvency proceedings,
Not in sound financial state; can meet liabilities only with government support: Voda Idea on AGR dues – The Economic Times
New Delhi: Troubled Vodafone Idea has written to the telecom department expressing its inability to pay full AGR dues unless the government takes urgent measures,
Bankruptcy & Insolvency: ED seeks 2 more weeks from NCLT to intervene in Sterling Case – The Economic Times
Mumbai: The Enforcement Directorate (ED) has sought permission from the dedicated bankruptcy court to intervene in the insolvency resolution pleas against Sterling group companies Sterling
AGR dues: Supreme Court should have provided relief to telcos – The Hindu BusinessLine
The DoT’s bid to collect their share of ‘gross’ revenues from telecom and other companies is absurd. The Supreme Court should have reined in the
Vodafone Idea asks DoT for 15 years to pay AGR dues – The Economic Times
Mumbai: Vodafone Idea has called on the government to allow it to pay adjusted gross revenue (AGR) dues over 15 years. The telecom company has
Former Bhushan Power MD challenges JSW Steel deal in SC – The Economic Times
MUMBAI: Sanjay Singal, former managing director of Bhushan Power & Steel, has moved the Supreme Court challenging the troubled steelmaker’s sale to JSW SteelNSE -0.69
NCLAT sets aside NCLT order against Flipkart India – The Financial Express
The National Company Law Appellate Tribunal (NCLAT) has set aside the October 24 order of the National Company Law Tribunal (NCLT) that admitted an insolvency
Supreme Court asks JP Associates to return 858 acre to JIL – The Financial Express
The Supreme Court on Wednesday asked Jaiprakash Associates (JAL) to return the 858-acre parcel to its subsidiary firm, Jaypee Infratech (JIL), which is currently undergoing
Govt’s new audit rules to shield companies against financial frauds | Business Standard News
In a bid to bring greater financial discipline in audits, the government has asked auditors to provide details like loans given by a company for
Vodafone Idea: Don’t invoke Vodafone Idea bank guarantees: Lenders – The Economic Times
MUMBAI: Vodafone IdeaNSE -12.50 %’s lenders met Department of Telecommunications (DoT) officials over the weekend, cautioning that invoking bank guarantees of the operator against statutory
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