With lenders approving a Rs 23,000-crore resolution plan for Reliance Communications, as much as Rs 5,500 crore will flow to Chinese banks, clearing about 55 per cent of their principal dues, includin...

The committee of creditors (CoC) of Reliance Communications Ltd (R-Com) will be meeting on Wednesday where they are set to assess the offers made by bidders that include Reliance Jio.“We wish to inf...

Homebuyers and lenders of Jaypee Infratech will vote simultaneously on the bids of both state-owned NBCC Ltd and private sector firm Suraksha Realty to acquire the bankrupt realty firm, sources said. ...

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Liberty House Group, the UK-based metal company, is ready with funds to pay for bankrupt Adhunik Metaliks Ltd and it can show a bank certificate to back the claim even as the lenders maintained their ...

Bharti Airtel has withdrawn its bid to purchase assets of Reliance Communications Ltd (R-Com) after terming the decision of the committee of creditors to extend the deadline for the submission of offe...

The Centre has proposed to come out with a fresh set of regulations to prevent sick companies from going bust even if attempts to revive them fail during a resolution process under the Insolvency &...

Kumar Mangalam Birla’s UltraTech Cement has received the approval of the appellate company tribunal to acquire bankrupt Binani Cement even as rival Dalmia Bharat is moving the Supreme Court on Thurs...

Jet Airways has received a fresh expression of interest even as London-based Hinduja group’s plans to bid for the troubled airline remain shrouded in mystery.Ashish Chhawchharia, the resolution prof...

Lenders to bankrupt steel maker Adhunik Metaliks have sought permission from the National Company Law Tribunal to negotiate with the second highest bidder, Maharashtra Seamless.Citing default in payme...