bankruptcy
RCom in talks with Ericsson to settle dues outside NCLT
Earlier this week, the NCLT in Mumbai admitted an insolvency petition filed by Swedish firm Ericsson against RCom.
Cambridge Analytica files for voluntary bankruptcy in US: court
It filed for voluntary Chapter 7 bankruptcy in the Southern District of New York, court filings showed.
Cambridge Analytica shuts down after Facebook privacy scandal
In a press release, the firm went opened up to confirming that they will shut down with immediate effect.
Reliance Naval and Engineering auditors raise going concern doubts
Auditors of Reliance Naval and Engineering Ltd have raised doubts about the Anil Ambani-led company’s ability to continue as going concern.
Lender tears into Jaypee Infra bid evaluation process
IIFCL tore into its valuers assuming a much less toll collections from Jaypee-built expressway.
NCLT declares rebid for Essar Steel invalid
Essar Steel owes around Rs 49,000 crore to banks, is the biggest asset on the block right now.
PNB hires lawyers in bankruptcy proceedings of Nirav Modi firm in US
Firestar Diamond approached a bankruptcy court in New York in February.
State-run bank shares rally after RBI eases bankruptcy provision needs
The banks will need to achieve 50 per cent provision cover for those loans by end-June.
RBI sets 180-day timeline for banks to settle bad loans
In 2017, the RBI ordered banks to force roughly 40 of the biggest corporate loan defaulters into bankruptcy proceedings.
NCLT reserves order on SBI’s bankruptcy plea against Bhushan Steel
SBI is claiming to recover Rs 4,295 cr from Bhushan steel along with USD 490 million foreign currency loan.