Sunday, Dec 10, 2023 | Last Update : 11:43 PM IST

insolvency Page-2

SC quashing RBI circular to give relief to power cos but delay bankruptcy proceedings

"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 law's objective is reorganisation of defaulting firms: IBBI's Sahoo

Insolvency and Bankruptcy Code provides a framework for market-driven and time-bound resolution process.

31 Mar 2019 4:54 PM

Creditors-company negotiations better than insolvency: govt official on Jet Airways

In afternoon trade, shares of Jet Airways rose nearly three per cent to Rs 232.35 on the BSE.

25 Mar 2019 1:36 PM

Two independent directors of Jaypee Infratech resign

IRP will place the resignations for acceptance in the next meeting of the Committee of Creditors.

10 Sep 2018 5:21 PM

Bhushan Steel appoints T V Narendran as chairman

Tata Steel has completed the acquisition of 72.65 per cent stake of the company.

15 Jul 2018 6:48 PM


Bhushan Steel appoints 2 additional directors on board

The entire BSL management was changed last month after Tata Steel took control of the company.

08 Jun 2018 5:45 PM

Electrosteel allots shares worth Rs 7,400 crore to lenders

The company had yesterday spelled out steps to be taken for completion of its takeover by Vedanta Star Ltd.

06 Jun 2018 1:50 PM

State-run banks wiped out the USD 13-billion capital infusion by the govt

Around 19 of the 21 state-run banks reported losses for the fiscal, including country's largest lender SBI.

01 Jun 2018 3:36 PM

Bhushan Steel seeks 90 days extension to file Q4, FY18 results

Tata Steel, which won the bid for Bhushan Steel Ltd (BSL), completed the acquisition of controlling stake of 72.65 per cent.

24 May 2018 12:25 PM

NCLAT asks resolution professional, NCLT to hold order on Essar Steel

NCLAT would conduct daily hearing from July 23 on the matter.

22 May 2018 4:04 PM


RCom in talks with Ericsson to settle dues outside NCLT

Earlier this week, the NCLT in Mumbai admitted an insolvency petition filed by Swedish firm Ericsson against RCom.

18 May 2018 4:03 PM

Cambridge Analytica files for voluntary bankruptcy in US: court

It filed for voluntary Chapter 7 bankruptcy in the Southern District of New York, court filings showed.

18 May 2018 1:52 PM

Videocon approaches NCLT to list all insolvency cases together

The step-down subsidiaries include Videocon Telecom, Electro World and Millennium Appliances.

25 Apr 2018 12:51 PM

RBI worried over rise in one-day default norms breach

NS Vishwanathan on Wednesday raised concerns over the large number of borrowers failing on the one-day default norm.

18 Apr 2018 4:54 PM

RIL, JM Financial bid to acquire Alok Industries rejected

The consortium of lenders, led by SBI, is claiming dues of over Rs 23,000 crore from Alok Industries.

15 Apr 2018 7:05 PM


Binani Cement OCs reject Dalmia's offer to pay Rs 151-cr dues

The ongoing Binani Cement insolvency case has taken a new twist.

06 Apr 2018 6:38 PM

Dish TV evaluating insolvency impact on Videocon d2h merger

Proposed merger has already received regulatory approvals from the Ministry of Information and Broadcasting.

12 Jan 2018 10:07 AM

RCom shares, bonds weaken after Ericsson's insolvency petition

RCom nationwide network is seeking a total of 11.55 billion rupees from company and two of its subsidiaries.

14 Sep 2017 1:05 PM

Waive certain taxes for cos in insolvency proceeding: Assocham

Non-performing loan resolution process is going on for 12 companies and this represent 25 per cent of total bad loans in the system NPLs.

13 Sep 2017 4:11 PM

SC tells realty major Jaypee Infratech to deposit Rs 2,000 crore

Apex court allows Jaypee to raise Rs 2,000 cr by selling land or any properties with prior approval of IRP.

11 Sep 2017 3:34 PM