Category: To be deleted

A day after the Committee of Creditors voted in favour of its bid, ArcelorMittal on Friday said its long-term aspiration for Essar Steel is to

ArcelorMittal said Essar Steel’s creditors put the seal on its acquisition of the bankrupt company, a day after the erstwhile promoters sought to make a last-minute

With lenders picking ArcelorMittal for Essar Steel takeover, the debt-laden company Friday said the committee of creditors should consider the Rs 54,389 crore offer made by promoters to

Potential loan defaulters have started paying up as the Insolvency and Bankruptcy Code (IBC) has instilled the fear of losing their businesses if they cross

ArcelorMittal, which was selected preferred bidder by lenders of Essar Steel, has hit back at the Rs 54,389 crore offer made by the Ruias, saying that

ArcelorMittal said on Thursday that Section 12A of the Insolvency and Bankruptcy Code (IBC), under which the Ruias have proposed to withdraw Essar Steel from the Corporate Insolvency Resolution

The promoters of debt-ridden Essar Steel took its creditors by surprise by offering to settle the entire claims of Rs 543 billion under Section 12A

To avoid delays in decision-making, the Insolvency and Bankruptcy Board of India (IBBI) has asked banks to ensure that their representatives on the Committee of

By- Pavan Burugula Investors who have punted on the Insolvency and Bankruptcy Code (IBC) bound stocks hoping to cash in on business turnaround could be

Senior counsel Abhshek Manu Singhvi, appearing on behalf of Tata Steel, alleged that the CoC gave JSW Steel undue chances to revise its bid after

Abir Roy The treatment of operational creditors under the IBC has been a subject of numerous deliberations. There is scant protection which has been given

The National Company Law Appellate Tribunal (NCLAT) and NCLT (Mumbai Bench), in recent judgments, have observed that financial service providers such as non-banking financial companies

The 180-day deadline shouldn’t be trifled with. While settling points of law, there must be a time limit for for interim litigations The slow pace

The Corporate Affairs Ministry-appointed panel to review the Competition Act should look at aligning the law with the Insolvency and Bankruptcy Code (IBC) 2016, say

For the 1,000-odd cases admitted by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC), time-bound resolution has been a challenge.

In the course of its order on Essar Steel, which is undergoing the insolvency proceedings, the Supreme Court on Thursday forbade litigations from any stakeholder over a

The government reportedly wants to evaluate independent directors on boards of companies and ask the National Company Law Tribunal (NCLT) to remove those who have

Reliance Health Insurance, a wholly-owned subsidiary of Reliance Capital, on Friday said it has received R3 approval from IRDAI for its new health insurance business.

Numetal told the Supreme Court on Thursday that it would match any offer made by ArcelorMittal should it be held eligible to bid for ailing Essar Steel in

In what could be a clear message to industry, the National Anti-profiteering Authority (NAA) has said the GST rate cut benefit should to be passed