IBC
Gujarat HC junks Essar Steel plea against RBI's order
Essar Steel was among 12 accounts that were identified for insolvency proceedings.
Gujarat HC rejects Essar Steel plea against IBC circular
Earlier, HC had stayed insolvency proceedings against Essar Steel that was named among 12 major NPAs.
Insolvency and Bankruptcy Code explained
IBC that was passed in May 2016 replaced three existing laws on insolvency and bankruptcy.
SBI files insolvency against Electrosteel at NCLT
The move comes amid SBI and other lenders starting insolvency proceedings against the 12 bad loan accounts identified by RBI.
Banks to increase provisioning by 25 per cent post NPA haircut: Crisil
The RBI over a fortnight back referred the 12 largest bad loans for resolution under the Insolvency and Bankruptcy Code 2016.
Essar, Bhushan Steels and Electrosteel referred to NCLT for insolvency
Essar Steel, Bhushan Steel and Electrosteel Steel collectively have NPAs worth Rs 1 lakh crore.