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Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Over Rs 2 lakh crorebad loans settled, says govt offical

Injeti Srinivas was speaking at the inaugural session of a three-day international conference on 'Insolvency and...

1 March 2019 4:14 PM IST

RCom on Thursday had announced the completion of the sale of its media convergence nodes and related infrastructure assets to Jio.

RCom withdraws plea against NCLT order allowing bankruptcy proceedings

An NCLAT bench headed by Chairman Justice S J Mukhopadhaya allowed RCom to withdraw its appeal.

30 April 2019 5:49 PM IST

NCLAT has directed the resolution professional, committee of creditors and NCLT not to pass any order in the matter related to insolvency resolution of Essar Steel.

Essar Steel posts EBITDA of Rs 2,000 crore, may use funds to repay...

The CoC had challenged the orders of the NCLAT of March 18 and March 20 before the Supreme Court by filing an SLP.

29 April 2019 1:48 PM IST

The needless controversy between the government and the RBI is a direct consequence of economists without any practical experience in administering policies at a high level being inducted to executive positions.

RBI asks banks to disclose IL&FS provisions in Q4 accounts

RBI has asked banks to disclose the IL&FS and group entities exposure in the notes to accounts in a standard proforma.

25 April 2019 9:02 AM IST

Essar Steel CoC cannot discriminate between operational creditors,...

The NCLAT would continue the hearing in the matter on Wednersday.

24 April 2019 8:44 AM IST

Reliance Group Chairman, Anil Ambani (Photo: File)

NCLAT seeks Anil Ambani's reply on HSBC Daisy's plea over non-payment...

NCLAT has directed that the matter be listed on May 20, 2019 for admission.

17 April 2019 1:18 PM IST

RBI has moved the NCLAT seeking modification of its order that restrained banks from declaring accounts of IL&FS and its group companies as NPAs.

Banks have to mark IL&FS accounts as NPAs after default: RBI to NCLAT

NCLAT also took on record the information provided by IL&FS about the four amber listed group companies.

17 April 2019 8:53 AM IST

The rules of the new insolvency regulations to bring individual businesses under its purview are likely to be in place soon. (Representational Image)

Creditors recover nearly half of total claims in 88 insolvency cases

Claims totalling a little over Rs 1.42 trillion were admitted in 88 cases under IBC till Feb 28, IBBI data showed.

15 April 2019 2:02 PM IST

ArcelorMittal India Pvt Ltd submitted a plan to Indias NCLT, which deals with insolvency and company disputes, on Feb 12 to bid for Essar Steel in partnership with Nippon Steel.

NCLAT may ask ArcelorMittal to deposit Rs 42,000 cr for acquiring...

The bench also directed the operational creditors and financial creditors of Essar Steel to file a chart next week.

9 April 2019 3:59 PM IST

Homebuyers have been protesting after NCLT admitted IDBI Banks insolvency plea against Jaypee Infratech. Photo: Representational/PTI

Jaypee Infra insolvency: Lenders put 5 conditions to NBCC for...

As many as 13 banks and 23,000 homebuyers have voting rights in the committee.

29 May 2019 2:13 PM IST

At the current market price, sale of 10 per cent in HUDCO and NBCC could fetch about Rs 1,000 crore and Rs 1,200 crore to the exchequer.

NCLAT gives 4 weeks to Bakshi to settle dispute with HUDCO

The tribunal also directed Bakshi to file a report on the development by filing an affidavit in the matter before it.

28 May 2019 6:12 PM IST

The financial creditors would vote for the second time on the resolution plan for Jaypee Infratech.

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 IST