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insolvency Page-3

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.

05 Sep 2017 12:29 PM

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.

05 Sep 2017 11:43 AM

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.

20 Aug 2017 4:30 PM

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.

12 Aug 2017 8:07 PM

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.

11 Aug 2017 11:40 AM


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.

19 Jul 2017 4:17 PM

Insolvency code defines judicial and commercial aspects

IBC has put commercial aspects in hands of stakeholders, judicial aspects with tribunal, said IBBI chairperson.

15 Jul 2017 6:43 PM

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.

14 Jul 2017 11:18 AM

Insolvency and Bankruptcy Code explained

IBC that was passed in May 2016 replaced three existing laws on insolvency and bankruptcy.

13 Jul 2017 3:14 PM

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. 

29 Jun 2017 2:57 PM


Bank stocks dip up to 5 per cent amid selling pressure

The BSE bank index fell by 1.45 per cent to close at 26,234.14.

27 Jun 2017 6:50 PM

Banks to increase provisioning by 25 per cent post NPA haircut: Crisil

The RBI over a fortnight back referred the 12 largest bad loans for resolution under the Insolvency and Bankruptcy Code 2016.

26 Jun 2017 5:14 PM

Essar, Bhushan Steels and Electrosteel referred to NCLT for insolvency

Essar Steel, Bhushan Steel and Electrosteel Steel collectively have NPAs worth Rs 1 lakh crore.

23 Jun 2017 11:16 AM

RBI move on insolvency proceedings credit positive: Moody's

RBI has also asked banks to also review other NPAs and finalise a resolution plan over the next six months.

19 Jun 2017 6:45 PM

RBI given more powers to tackle NPAs: Arun Jaitley

President Pranab Mukherjee last night signed ordinance to amend Banking Regulation Act.

05 May 2017 6:05 PM


Narendra Modi govt notifies new Banking Regulation Act

RBI to issue directions to any banking company to initiate insolvency resolution process in respect of a default.

05 May 2017 5:53 PM