Debts | The Asian Age

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The NCLAT had asked state-owned NBCC, whose bid was rejected by the CoC of Jaypee Infratech, to submit fresh resolution plan for the debt-ridden company.

NCLAT extends Jaypee Infratech insolvency period by 90 days

Appellate tribunal rejected the plea of Jaiprakash Associates Ltd, the promoters of Jaypee Infratech, to be eligible to submit bid.

30 Jul 2019 3:02 PM

In 2018-19, Air India had made losses of around Rs 7,600 crore.

Air India plans to bring all 17 grounded aircraft back into operation: Lohani

Air India plans to use these aircraft on the new routes where it will start flying soon.

23 Jul 2019 11:24 AM

Last month, Jet’s creditors, led by State Bank of India (SBI), took the airline to the bankruptcy court after failing to agree on a revival plan. (Photo: AFP/File)

Lenders of bankrupt Jet Airways to attempt to sell carrier again

An SBI-led consortium of 26 banks has informed the resolution professionals that Jet Airways owes them about 85 billion rupees.

17 Jul 2019 10:00 AM

Stock of DHFL slumped 28.10 per cent at Rs 49.20 on BSE.

DHFL says working with creditors to resolve issues without any haircut to lenders

DHFL reported a loss of Rs 2,223 crore for the March quarter of 2018-19 financial year.

15 Jul 2019 2:19 PM

Police has registered a case under section 174 Cr.P.C and are investigating the matter. (Photo: ANI)

Farmer in Andhra Pradesh commits suicide by hanging self from tree

One of the villagers Dokkari Danaiah claimed that his crops were destroyed in Titli cyclone and he did not receive any compensation.

12 Jul 2019 1:25 PM

Dutch insolvency court administrator has agreed before the NCLAT not to sell the confiscated assets of debt-ridden Jet Airways.

Dutch bankruptcy administrator moves NCLAT on Jet Airways matter

A consortium of 26 bankers led by SBI had approached NCLT to recover dues of over Rs 8,500 cr from Jet Airways.

12 Jul 2019 12:48 PM

The tribunal will hear HDFC's plea on Friday along with the main petition. (Photo: Representational/PTI)

HDFC wants NCLT to keep Jet Airways Hqs out of resolution plan

The consortium of 26 bankers led by State Bank took the grounded Jet Airways to NCLT to recover their dues of over Rs 8,500 crore.

04 Jul 2019 4:43 PM

The ecosystem for insolvency and bankruptcy is getting systematically built out with recovery and resolution of significant amount of distressed assets.

Economic Survey: Debt recovery strengthened, claims of Rs 1.73 lakh cr settled

The Survey said that IBC has initiated a cultural shift in the dynamics between lender and borrower, promoter and creditor.

04 Jul 2019 3:31 PM

The RBI said valuation gain due to the appreciation of the US dollar vis-a-vis Indian rupee and other major currencies was placed at USD 16.7 billion.

India's external debt rises 2.63 per cent to USD 543 billion at March-end

The external debt-to-GDP ratio stood at 19.7 per cent at end-March 2019, lower than 20.1 per cent at end-March 2018.

29 Jun 2019 11:33 AM

Company is already in the process of selling down its loan assets including wholesale project loans to make good all its obligations and maintain its 100 per cent commitment to all its creditors.

Troubled mortgage lender DHFL again misses debt payments

DHFL only been able to make a 40 per cent payment on unsecured commercial papers due on Tuesday.

26 Jun 2019 8:52 AM

This is for the second time that the company promoters were divesting their stakes.

Emami promoters further divests stake to pare debt

The total promoter stake in Emami Limited subsequent to the stake sale, stands at a controlling majority of 52.74 per cent.

24 Jun 2019 5:05 PM

The IRP admitted none of the claims and marked the entire amount for verification.

Claims against RCom swell to Rs 57,382 cr; Rel ADAG cos among claimants

Reliance ADA Group firms account for Rs 7,000.63 crore of fresh claims against the group firm RCom.

18 Jun 2019 9:24 AM

Lenders have decided to seek resolution under IBC since only a conditional bid was received.

Lenders seek Jet Airways bankruptcy in last-ditch sale effort

Jet and its lenders have been searching for new investors but have failed to agree a proposal.

18 Jun 2019 8:46 AM

The group is also in talks to sell its life insurance arm to a domestic partner and has appointed investment bankers for the same.

DHFL in talks with PE firm; expect USD 1 bn from sale of half of their holdings

The Wadhawan family, the promoters of the company, currently holds close to 40 per cent stake in the company.

13 Jun 2019 12:19 PM

Jet’s former partners, Virgin Atlantic and Delta Air Lines Inc, have been among the first to announce new Indian routes to replace ones previously flown by Jet.

Collapsed Jet Airways' ex-partners, rivals scramble to fill India capacity void

Other former Jet partners are in talks with carriers like IndiGo and SpiceJet about new codeshare relationships.

03 Jun 2019 10:05 AM

Total income rose to Rs 9,029.41 crore in the last fiscal from Rs 7,663.71 crore in 2017-18.

DLF cuts net debt by 34 per cent in Q4 to Rs 4,483 crore

DLF's net debt has come down from Rs 7,224 crore in Q3 of FY19 to Rs 4,483 crore in Q4 of FY19

27 May 2019 11:25 AM

Lenders have shown reluctance to acquire up to 2,207 unsold flats worth Rs 1,756 crore as proposed by NBCC in its revised offer.

Jaypee Infra insolvency: Creditors' meet on May 30 to discuss NBCC bid

At present, bankers and NBCC are negotiating on the latter's bid to acquire Jaypee Infratech.

26 May 2019 1:56 PM

The airport official did not confirm that the couple had been detained.

Jet Airways founder Naresh Goyal and wife stopped from leaving India: Airport official

Local media said the Goyals had been traveling to Dubai for a connecting flight to London.

26 May 2019 10:23 AM

The affidavit, however, said that 'figures from April 1, 2019 till date are not available'.

Essar Steel reports Rs 4,229 crore EBITDA during insolvency period

The Committee of Creditors (CoC) had voted in favour of Rs 42,000 crore take over plan of the global steel major ArcelorMittal.

19 May 2019 12:43 PM

In top level exodus at grounded Jet Airways, four senior executives have quit the ailing airline.

Jet Airways shares continue to fall for 3rd day; tank nearly 7 per cent

After a weak opening, the scrip further tumbled 6.85 per cent to Rs 120.25 -- its 52-week low -- on the BSE.

15 May 2019 1:35 PM

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Syed Ata Hasnain