insolvency and bankruptcy code
Jet Airways employees seek interim financial relief
AK Mohanty said one month's salary should be released to Jet Airways employees for their basic survival.
Rajya Sabha approves Insolvency and Bankruptcy Code (Amendment) Bill, 2019
Manish Gupta supported the Bill but added that the Bill should have been referred to a parliamentary panel for further scrutiny.
By March 2020, banks’ gross NPAs to reduce to 8 per cent
The banking system saw gross NPAs reaching a peak of 11.5 per cent in March 2018. In March 2019 NPAs stood at 9.3 per cent.
Jet Air lands in NCLT as banks give up on revival
The decision was taken after a meeting of the lenders, as they have not yet received any concrete proposal for the airline.
RBI's new prudential framework for stressed asset resolution credit positive: Moody's
RBI issued a framework for resolution of stressed assets, which give banks 30 days to review a borrower account before labelling it NPA.
Singapore can become major investor in India's stressed assets, says envoy
A large part of existing investment is Singapore's government linked funds and private equity funds in India.
New NPA resolution norms soon
The SC had clarified that the Centre has to authorise the RBI to issue direction to banks/non-banks if it were an insolvency case.
‘Haircut compared to amount due, but bonus compared to liquidation value’
According to Sahoo, the resolution plans have yielded about 200 per cent of liquidation value for creditors.
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.