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Insolvency And Bankruptcy Code
Business  /  Published 21.12.21

Vedanta buys Nicomet

Vedanta has acquired Nicomet, a leading nickel and cobalt producer based in Goa, for an undisclosed amount. The Anil Agarwal-company has become the only nickel producer in the country. “India ...
By Our Special Correspondent in New Delhi

Business  /  Published 15.12.21

SC clips IBC tribunals’ wings

In a significant verdict, the Supreme Court on Tuesday held that the National Company Law Tribunal (NCLT) cannot compel a party to settle a dispute under the Insolvency and Bankruptcy Code (IBC) as it...
By PTI in New Delhi

Business  /  Published 08.12.21

Bid for Srei duo joint insolvency

Financial creditors of Srei group non bank finance companies — Srei Infrastructure Finance (SIFL) and Srei Equipment Finance (SEFL) — could go forward with a joint insolvency proposal with...
By A Staff Reporter in Calcutta

Business  /  Published 03.12.21

Reliance Cap taken to NCLT

The Reserve Bank of India (RBI) on Thursday said it has filed an application with the National Company Tribunal Ltd (NCLT) to initiate bankruptcy proceedings against Reliance Capital Ltd (RCL), just t...
By Our Special Correspondent in Mumbai

Business  /  Published 30.11.21

RBI supersedes Reliance Capital

The Reserve Bank of India (RBI) on Monday superseded the board of Reliance Capital Ltd, heaping further ignominy on beleaguered industrialist Anil Ambani who has seen his once-feted business empire cr...
By Our Special Correspondent in Mumbai

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Business  /  Published 29.11.21

RBI supersedes Reliance Capital board

The Reserve Bank on Monday superseded the board of Anil Ambani promoted Reliance Capital Ltd (RCL) and will shortly initiate bankruptcy proceedings against the debt-ridden NBFC in view of payment defa...
By Our Bureau, PTI in Mumbai

Business  /  Published 27.11.21

Birla bets on capex binge

Kumar Mangalam Birla, chairman of Aditya Birla Group, has predicted an upsurge in capital expenditure spanning across the public and private sectors over the next decade. The country would benefit fr...
By Our Special Correspondent in Calcutta

Business  /  Published 23.11.21

Ultimatum on Jaypee homes

The Supreme Court on Monday asked the National Company Law Tribunal (NCLT) to decide within two months the insolvency proceedings of Jaypee Infratech after some of the aggrieved homebuyers complained ...
By Our Legal Correspondent in New Delhi

Business  /  Published 19.11.21

Srei firms face joint IBC suit

Financial creditors of two non-bank finance companies of the Srei group — Srei Infrastructure Finance (SIFL) and Srei Equipment Finance (SEFL) — may evaluate the prospect of a consolidated...
By A Staff Reporter in Calcutta

Business  /  Published 06.11.21

Bankers sign McLeod debt recast deal

Bankers to troubled tea planter McLeod Russel India Ltd have finally come on board to restructure the outstanding debt of the company under a Reserve Bank of India (RBI)-mandated framework, marking a ...
By Sambit Saha in Calcutta


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