insolvency
IDBI moves SC against stay of insolvency proceedings against jaypee infratech
Around 32,000 buyers have booked their homes in 27 different housing projects of Jaypee Infratech.
IDBI Bank rushes to SC with plea to review stay on Jaypee insolvency
SC accepts bank's petition and posts matter for hearing on Monday; homebuyers oppose bank's fresh submission.
NCLT, IBC should protect rights of home buyers: Assocham
Efforts should be made to revive projects of Jaypee Infratech whose 32,000 customers have not got possession of their flats.
Protesting homebuyers call Jaypee insolvency issue a scam
Buyers say they cannot take their claims anywhere and that the government must take responsibility for these things.
NCLT admits insolvency petition of IDBI against Jaypee Infra
Allahabad bench of NCLT has admitted the petition filed by IDBI Bank under Section 7 of Insolvency and Bankruptcy Code 2016.
Banks to take Rs 2.4 trn haircut to resolve top 50 NPA
Haircuts have been classified into four categories marginal, moderate, aggressive and deep.
Insolvency code defines judicial and commercial aspects
IBC has put commercial aspects in hands of stakeholders, judicial aspects with tribunal, said IBBI chairperson.
NCLT sends notice to Bhushan Steel, Bhushan Power over bad loans
SBI is lead banker to defaulters like Bhushan Steel, Essar Steel, Jyoti Structures Ltd and Electrosteel Steel.
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.