?After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received,? SBI
A lenders’ consortium, led by State Bank of India (SBI), has given up on its rescue effort after finding no buyer for Jet Airways following months of action-packed search.
“It’s not easy to deal with 900 creditors outside insolvency proceedings” Arindam Majumder Last Updated at June 18, 2019 01:59 IST Rajnish Kumar, chairman, State Bank of
It’s too late in the day to revive the airline, say observers After five months of trying to find an investor to salvage Jet Airways,
The Ministry of Corporate Affairs (MCA) is expected to move court for freezing the bank accounts and properties of some of the past directors of IL&FS group.
Take a look at two recent isolated incidents that could be a portent of how the relationship between the regulator and those regulated will change in the
State-owned lender UCO Bank has declared Yashovardhan Birla as wilful defaulter for non-payment of Rs 67.55 crore given to Birla Surya Ltd. The loan was
The Finance Ministry has sought information from public sector banks (PSBs) on their expectation of recoveries and provisions held in respect of stressed accounts admitted
Says the NBFC crisis may snowball into a ‘serious problem’ if not handled properly Banks have to be cautious while lending to non-banking financial companies
Federation of Indian Chambers of Commerce and Industry (FICCI) has suggested structural changes in revised stressed asset framework issued by the Reserve Bank of India on June
Fast-track courts shall have to be vested with more powers to recover bad loans and stringent laws should be enacted to ensure more recoveries, the
Debt default bogey forces SEBI to tighten screws on rating firms PALAK SHAH Mumbai | Updated on June 13, 2019 Published on June 13, 2019 bl20_credit rating.jpg bl20_credit rating.jpg
Stern action is warranted in cases where auditor negligence is proved The repercussion of the move by the Ministry of Corporate Affairs, seeking the barring
The Reserve Bank of India (RBI) has dropped the one-day default rule and given a 30-day breather to lenders for review of the borrower account.
Indiabulls Housing Finance Ltd (IHFL) moved the Supreme Court Wednesday seeking urgent listing of a plea which alleged that it misappropriated Rs 98,000 crore of public money. The matter was
PWC is the latest to resign, as an auditor of Reliance Capital and Reliance Home Finance. After being quite lenient, thanks partly to a sluggish
By Anwesha Ganguly In an effort to iron out the thorny issues involving the sale of Jet Airways, its lenders and representatives of Etihad Airways
Aimed at helping investors and accelerating growth, the Modi government is planning a new labour legislation that would merge 44 labour laws under four categories– wages, social
The IBC has strengthened creditors’ rights and the credit market will continue expanding, he pointed out. Creditors can expect 100 per cent recoveries from their
It is not quite sure as to how this will work out in the times to come. But the RBI has plugged this gap in