Corporate Insolvency Resolution Process Cirp
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

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held that a CoC-approved resolution plan submitted to the National Company Law Tribunal (NCLT) cannot be modified or withdrawn as it would create another tier of negotiatio...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

Business  /  Published 17.12.20

Sebi prop for mutual funds

The Securities and Exchange Board of India (Sebi) on Wednesday relaxed the profitability criteria for the sponsors of mutual funds apart from ringfencing the assets and liabilities of mutual fund sche...
By Our Special Correspondent in Mumbai

Business  /  Published 04.09.20

Clarity on insolvency

The National Company Law Appellate Tribunal (NCLAT) has said insolvency proceedings cannot be triggered on the basis of debt that has been converted into capital such as equity of a company. The appe...
By PTI in New Delhi


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