IBC
Supreme Court orders status quo in Essar insolvency case
Essar Steel was auctioned under the new IBC to recover Rs 54,547 crore of unpaid dues of financial lenders.
Dutch bankruptcy administrator moves NCLAT on Jet Airways matter
A consortium of 26 bankers led by SBI had approached NCLT to recover dues of over Rs 8,500 cr from Jet Airways.
NCLAT dismisses HDFC's insolvency plea against RHC Holding
The NCLAT had in January this year issued notices to RHC Holding and other parties and directed them to file their replies.
Economic Survey: Debt recovery strengthened, claims of Rs 1.73 lakh cr settled
The Survey said that IBC has initiated a cultural shift in the dynamics between lender and borrower, promoter and creditor.
Lenders seek Jet Airways bankruptcy in last-ditch sale effort
Jet and its lenders have been searching for new investors but have failed to agree a proposal.
Direct NCLT Allahabad for early hearing on insolvency plea against JAL: ICICI Bank
A single member NCLT bench of Justice Bansi Lal Bhat directed to list ICICI Bank's plea on July 1 for hearing.
New RBI norms to give more lenders headroom to resolve large NPAs: Report
New framework provides some leeway to lenders and encourages them to refer cases to IBC, said SBI in its report.
Public sector banks recover Rs 1.2 lakh cr from bad loans in 2018-19
Banks recovered close to Rs 55,000 crore from the NCLT resolution, an official said.
IBC process helps recover Rs 70,000 cr bad loans in FY19: Report
The recovery rate for the 94 cases resolved through IBC by FY2018-19 is 43 per cent.
Essar Steel shareholder seeks rejection of ArcelorMittal bid for company
Essar Steel shareholder ESAHL said ArcelorMittal India Ltd and its promoter Lakshmi Mittal had 'misled' Supreme Court.