The judge concluded that the legal cases being pursued by Mallya in India stood a reasonable prospect of success
10 Apr 2020 9:35 AM
The move will help make the insolvency process more attractive for the bidders and instil confidence in them, sources said.
24 Nov 2019 5:29 PM
DHFL’s owes its lenders nearly 1 trillion rupees including several mutual funds, banks, pension funds, insurance firms and retail investors.
21 Nov 2019 10:34 AM
I think we were the first to get off the block and actually take some decisive steps to reducing leverage, said Essar's Prashant Ruia.
13 Oct 2019 11:36 AM
One of the Jet Airways aircraft, parked in the Schiphol Airport in Amsterdam, has already been seized.
26 Sep 2019 12:30 PM
The debt-laden company became went into bankruptcy on June 20.
28 Jun 2019 5:06 PM
Jet Airways owes more than Rs 8,000 crore to banks, and thousands of crores more in arrears to vendors, lessors and employees.
23 Jun 2019 4:11 PM
SBI-led consortium of 26 lenders had decided to seek resolution under IBC as they had received only a conditional bid.
21 Jun 2019 8:03 PM
RBI has given more freedom to bankers to bring their own resolve, said Indian Banks' Association chief Sunil Mehta.
08 Jun 2019 2:59 PM
Against backdrop of the Supreme Court quashing an RBI circular, a revised set of rules would be released soon.
25 Apr 2019 7:54 PM
Moody's said the resolution of stressed loans impacted by the circular will be further delayed.
02 Apr 2019 7:42 PM
"It's early to say but if banks voluntarily still invoke IBC - the impact will be minimal," said Cyril Shroff of Cyril Amarchand Mangaldas.
02 Apr 2019 5:43 PM
Insolvency and Bankruptcy Code provides a framework for market-driven and time-bound resolution process.
31 Mar 2019 4:54 PM
jet airways saddled with more than 1 billion dollars of debt.
19 Mar 2019 2:45 PM
The circular came into effect on March 1 and the 180-day deadline concludes on August 27.
26 Aug 2018 1:42 PM
This is the first time that the MCA has intervened in any such foreign case pertaining to an Indian company.
28 Jul 2018 1:36 PM
Patanjali Ayurved, the only other qualified player in the race, has bid for around Rs 5,700 crore.
12 Jun 2018 6:55 PM
Patanjali group has submitted its undertaking of having no objection to the 'Swiss Challenge' process adopted by the lenders.
10 Jun 2018 5:55 PM
The stock jumped 19.14 per cent to Rs 20.85 on BSE. At NSE, shares of the company zoomed 20 per cent to Rs 21.
31 May 2018 1:33 PM
Earlier this week, the NCLT in Mumbai admitted an insolvency petition filed by Swedish firm Ericsson against RCom.
18 May 2018 4:03 PM