Wednesday, Feb 08, 2023 | Last Update : 10:17 AM IST

insolvency and bankruptcy code Page-3

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.

11 Jun 2018 2:29 PM

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.

06 Jun 2018 6:38 PM

NPAs hit Rs 13lakh-crore in 3years

One fifth of slippages in FY18 was due to RBI withdrawing restructuring schemes: Crisil

06 Jun 2018 2:55 AM

Cabinet clears amendments to bankruptcy code

The panel had suggested that home buyers should be treated as financial creditors.

23 May 2018 5:03 PM

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.

22 May 2018 7:40 PM


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.

16 May 2018 12:58 PM

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.

14 May 2018 6:40 PM

Promoters may be allowed to bid

The Union Cabinet may take up the proposed ordinance during its meeting scheduled for April 25.

25 Apr 2018 3:00 AM

Bank of India inks pact with NeSL to share data under insolvency rules

BoI will avail NeSL service to expedite corporate insolvency resolution process.

23 Apr 2018 3:34 PM

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.

15 Apr 2018 3:06 PM


Govt plans to have more National Company Law Tribunal benches

A case is admitted for resolution under the Code only after approval from the NCLT.

04 Apr 2018 8:03 PM

Changes to insolvency law to be prospective: MCA official

The 14-member panel, headed by Srinivas, has recommended various changes to the Insolvency and Bankruptcy Code (IBC).

04 Apr 2018 2:57 PM

Public sector banks report Rs 19,000 crore loss

The total losses reported by 16 public sector banks amount to Rs 18,947 crore.

15 Feb 2018 2:14 AM

Will continue to modify insolvency laws, says Arun Jaitley

The bill was passed by the Lok Sabha last week.

03 Jan 2018 1:07 AM

Lok Sabha passes changes to bankruptcy code

Taking a pot-shot at Congress MP Gaurav Gogoi’s assertion that NPAs have escalated during the rule of the present government.

30 Dec 2017 1:12 AM


New bankruptcy rules to hit banks

There are promoters who want to regain control over the company by offering the most competitive bids during the resolution process.

25 Nov 2017 1:43 AM

Bankruptcy code can help deepen bond markets: Sebi

Chief Ajay Tyagi adds bankruptcy reforms have had significant impact on developing corporate bonds in various countries.

19 Aug 2017 4:58 PM

Firms free to move judiciary over RBI's insolvency directive: S S Mundra

Essar Steel had moved high court seeking its direction to quash RBI's direction to banks to initiate insolvency proceedings.

26 Jul 2017 5:18 PM

Lenders take Essar Steel to NCLT

Bankers, led by IDBI Bank, will be meeting on Friday to decide on Bhushan Power & Steel which has been in default of Rs 37,248 crore to the lenders.

23 Jun 2017 4:37 AM

Essar Steel among RBI’s 12 defaulters

Banks will move for insolvency proceedings in these 12 cases after due process defined under the Insolvency and Bankruptcy Code, the banker added.

17 Jun 2017 6:15 AM