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Insolvency And Bankruptcy Code (ibc)
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

Business  /  Published 25.07.19

GST council meet on EV rates deferred

The meeting of the GST Council, convened to decide on a cut in the tax rates on electric vehicles, has been postponed as finance minister Nirmala Sitharaman was pre-occupied in Parliament, officials s...
By Our Special Correspondent in New Delhi

Business  /  Published 29.06.19

Asian Colour lenders clear JSW bid

Lenders of Asian Colour Coated Ispat Ltd (ACCIL) have approved the JSW group’s Rs 1,550-crore bid to acquire the debt-ridden steel firm, sources said. ACCIL went into insolvency in July last year af...
By PTI in New Delhi

Business  /  Published 17.06.19

Jet lands in bankruptcy court

Lenders led by the State Bank of India (SBI) on Monday finally decided to start bankruptcy proceedings against Jet Airways as their last attempt to find a resolution for the grounded carrier, which o...
By Our Special Correspondent in Mumbai

Business  /  Published 03.01.19

RBI nudged to relax NPA rules for big loans

Banks have requested the Reserve Bank of India (RBI) to relax its February 2018 circular relating to the resolution of stressed assets.The lenders had submitted a wish list to governor Shaktikanta Das...
By Our Special Correspondent in Mumbai

Business  /  Published 25.01.19

Insolvency code passes SC muster

The Supreme Court on Friday upheld the Insolvency and Bankruptcy Code (IBC) in its entirety, tossing out a batch of petitions that had challenged the constitutional validity of several provisions, inc...
By Our Legal Reporter and Business Bureau in New Delhi

Business  /  Published 02.04.19

SC verdict gives relief to power companies

As much as Rs 1.4 lakh crore loans of 34 power companies had become non-performing assets. The sector is likely to benefit the most from the Supreme Court action on Tuesday quashing the RBI circular o...
By R. Suryamurthy in New Delhi


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