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Corporate Insolvency Resolution Process Cirp
Business  /  Published 15.04.22

Future Retail hauled into IBC process

Public sector lender Bank of India has moved the National Company Law Tribunal (NCLT) seeking the initiation of proceedings under the Insolvency & Bankruptcy Code (IBC) against Future Retail Ltd a...
By PTI in New Delhi

Business  /  Published 11.04.22

Jindal in fray to acquire Gontermann

The dual intent of India’s insolvency law — to revive a sick company and maximise the value of an asset — may collide once again when the National Company Law Appellate Tribunal (NCL...
By Sambit Saha in Calcutta

Business  /  Published 21.12.21

McLeod upbeat on debt recast

The top management of McLeod Russel tried to soothe worries of the company’s shareholders by assuring them that the long-awaited debt restructuring proposal would be ready in the next few months...
By Our Special Correspondent in Calcutta

Business  /  Published 04.11.21

Srei lenders briefed

The administrator of two Srei group companies has apprised the committee of creditors on Tuesday about the status of the firms’ corporate insolvency resolution process. Last month, the Reserve ...
By PTI in New Delhi

Business  /  Published 06.10.21

NCLT move backfired on Srei

The Srei group’s decision to proactively move to NCLT in a bid to recast debt and repay creditors in retrospect could have irked the bankers and prompted the Reserve Bank of India to trigger its...
By Pinak Ghosh in Calcutta

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Business  /  Published 14.09.21

No withdrawal of IBC plan

The Supreme Court on Monday held that a CoC-approved resolution plan submitted to the National Company Law Tribunal (NCLT) cannot be modified or withdrawn as it would create another tier of negotiatio...
By Our Bureau in New Delhi

Business  /  Published 02.09.21

Khaitans poised to settle McLeod Russel row

The Khaitans of McLeod Russel India Ltd and P.P. Gupta of Techno Electric & Engineering Company Ltd are close to reaching a settlement, raising the hope that India’s largest bulk tea produce...
By Sambit Saha

Business  /  Published 01.07.21

Jet: lenders take big haircut

Jalan Kalrock Consortium, the winning bidder for the grounded Jet Airways, will make a total cash infusion of Rs 1,375 crore in the airline and lenders will take a steep haircut on their admitted clai...
By PTI in New Delhi

Business  /  Published 20.05.21

Suraksha, NBCC put in fresh bids for Jaypee

State-owned NBCC and the Suraksha group, which are in the fray to acquire Jaypee Infratech  through an insolvency resolution process, have submitted their revised bids and have also clarified iss...
By PTI in New Delhi

Business  /  Published 15.02.21

McNally Sayaji faces bankruptcy

McNally Sayaji Engineering Ltd is going to face bankruptcy, the first casualty of the financial turmoil at Williamson Magor Group. The company is an unlisted subsidiary of McNally Bharat Engineering ...
By Sambit Saha in Calcutta


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