Insolvency And Bankruptcy Code (ibc)
Business  /  Published 24.03.20

Insolvency threshold raised

The Centre has raised the threshold for invoking insolvency under the Insolvency and Bankruptcy Act, 2017 to Rs 1 crore from the present level of Rs 1 lakh and held out hope that entities facing a fin...
By Our Special Correspondent in Calcutta

Business  /  Published 17.05.20

One-year insolvency breather

In a bid to give relief to companies defaulting on loans because of the Covid-19 stress, finance minister Nirmala Sitharaman on Sunday said no fresh insolvency will be initiated for one year under the...
By TT Bureau in New Delhi

Business  /  Published 18.02.20

Liberty House Group takes over Adhunik Metaliks

India-born British businessman Sanjiv Gupta’s Liberty House Group Plc has completed the acquisition of Adhunik Metaliks Ltd and its subsidiary Zion Steel by paying Rs 425 crore to the lenders under ...
By Our Special Correspondent in Calcutta

Business  /  Published 07.01.20

Liquidation rules tightened

A secured creditor cannot sell assets of a company undergoing a liquidation process to any person barred from submitting an insolvency resolution plan, as per a new amendment made to the norms by the ...
By TT Bureau in Calcutta

Business  /  Published 04.01.20

Uco Bank recovers Rs 900 crore

Public sector lender Uco Bank has made a recovery of Rs 900 crore from four stressed accounts where a resolution was reached under the Insolvency and Bankruptcy Code or outside the framework.This puts...
By A Staff Reporter in Calcutta


Business  /  Published 25.02.20

Ess Dee Aluminium in bankruptcy court

Ess Dee Aluminium Ltd, which had dreamt of reviving three Bengal-based sick units of India Foils a decade ago, has fallen prey to insolvency itself.The National Company Law Tribunal’s Calcutta bench...
By in Calcutta

Business  /  Published 21.04.19

Jet Airways lenders ready Plan B

Lenders of Jet Airways are in favour of a resolution outside the insolvency law framework in case the ongoing bidding process fails to take off, sources said.Running into a debt of more than Rs 8,500 ...
By PTI in New Delhi

Business  /  Published 18.01.20

Govt to rethink Unitech plan

The Centre has told the Supreme Court that it is ready to revisit its 2017 proposal to take over the management control of embattled realty firm Unitech and complete its stalled projects to bring reli...
By PTI in New Delhi

Business  /  Published 31.12.19

ILF&S debt recovery

The new board of IL&FS expects the resolution process undertaken by the group to lead to an overall recovery of 50 per cent of its outstanding debt, Uday Kotak, chairman of IL&FS, said on Tue...
By Our Special Correspondent in Mumbai

Business  /  Published 29.12.19

Lender meet to pave DHFL resolution path

The Reserve Bank of India-appointed administrator of crippled Dewan Housing Finance Ltd (DHFL) has called for a meeting of its creditors for the first time on Monday after the mortgage lender was admi...
By PTI in Mumbai


Download our latest App

to get update on the go...


Copyright © 2020 The Telegraph. All rights reserved.