insolvency and bankruptcy code
Vedanta acquires management control of Electrosteel Steels
Vedanta Ltd had last week deposited an upfront amount of Rs 5,320 crore also in the escrow account of Electrosteel Steels Ltd.
Home buyers to be treated as financial creditors, Prez okays IBC ordinance
The ordinance would give home buyers due representation in Committee of Creditors and make them integral part of decision-making process.
NPAs hit Rs 13lakh-crore in 3years
One fifth of slippages in FY18 was due to RBI withdrawing restructuring schemes: Crisil
Cabinet clears amendments to bankruptcy code
The panel had suggested that home buyers should be treated as financial creditors.
SBI biggest beneficiary of Bhushan Steel sale to Tatas
Tata Steel said Rs 1,200 crore will be paid to operational creditors of BSL over a period of 12 months.
Binani Industries offers to pay 100 pc claims of debtors
Counsel appearing for Binani Industries said the settling of the creditors' claims will bring the company out of insolvency proceedings.
CCI approves acquisition of Electrosteel Steels by Vedanta
The statement follows NCLT last month approving the resolution plan submitted by Vedanta Ltd for Electrosteel Steels.
Promoters may be allowed to bid
The Union Cabinet may take up the proposed ordinance during its meeting scheduled for April 25.
Bank of India inks pact with NeSL to share data under insolvency rules
BoI will avail NeSL service to expedite corporate insolvency resolution process.
Resolution of twin balance sheet problem to take 6-9 mths: Assocham
The process of resolution of the companies under Insolvency and Bankruptcy Code (IBC) reference would gather pace in the coming months.