Mar 16, 2021 01:37 PM IST
The Chief Resolution Officer is used extensively for restructuring in the United Kingdom and the United States, and the timing is ripe for them to be introduced to outside-NCLT debt resolution in India
- Oct 22, 2020 12:47 PM IST
Pramod Mittal is 2.5 billion pounds in debt, making him the “most bankrupt” person in the United Kingdom
- May 23, 2020 10:46 AM IST
Hertz's board earlier in the day approved the company seeking Chapter 11 protection in a US bankruptcy court in Delaware, according to court records. Its international operating regions including Europe, Australia and New Zealand were not included in the US proceedings, the company said.
- Apr 10, 2020 07:20 AM IST
Justice Michael Briggs of the insolvency division of the High Court granted relief to Mallya, ruling that he should be given time till his petitions to the Supreme Court of India and his settlement proposal before the Karnataka High Court be determined, allowing him time to repay his debts to the banks in full.
- Feb 25, 2020 02:28 PM IST
President Partho Banerjee in a letter dated February 20 stated: “We are facing a huge demand...which by no means is serviceable by us and is in fact pushing our company towards bankruptcy and closure.”
- Dec 11, 2019 12:17 PM IST
The amendments are being viewed as 'fresh emergency measures', FM Sitharaman said.
- Nov 21, 2019 11:29 AM IST
Credibility of DHFL balance sheet, allegations of fund diversion, ED investigation and litigations could make the case murkier.
- Jun 19, 2019 10:09 PM IST
The operational creditors have been successful in maintaining their ratio of payouts because of an eye on maintaining relationships by the successful bidders in resolutions processes, ratings agency Icra said.
- Jun 18, 2019 12:36 PM IST
In a relief to a huge section of the unorganised sector and small borrowers, people with loan amounts up to Rs 35,000 and having no asset or income might get a waive off.
- May 29, 2019 05:27 PM IST
Out of 378 companies, roughly 16 percent received bids higher than the liquidation value. But the lenders rejected them due to issues with deferred payments.
- May 03, 2019 04:45 PM IST
The average resolution timeline for these 94 cases resolved was 324 days as against the stipulated timeline of 270 days.
- Apr 30, 2019 11:00 AM IST
Financial creditors took lead in initiating insolvency proceedings in the fourth quarter.
- Apr 18, 2019 09:14 AM IST
Why Jet Airways falling off the radar is no surprise
- Apr 16, 2019 09:08 AM IST
With few options left Naresh Goyal has taken a desperate but smart step in trying to get a foothold in his company
- Mar 19, 2019 02:27 PM IST
The finance ministry has in the past year sought regular updates from the banks, led by State Bank of India (SBI), on Jet's financial health, the people said. In recent months, the banks have provided weekly updates about a revival plan and also sought government advice, the people added.
- Jan 30, 2019 10:55 AM IST
PG&E, which provides electricity and natural gas to 16 million customers in northern and central California and employs 24,000 people, vowed to keep the lights on and continue with critical investments it said were needed in its system's safety and maintenance.
- Jan 22, 2019 07:29 PM IST
State-owned NBCC, Kotak Investment, Singapore-based Cube Highways and Suraksha group have been shortlisted as bidders for Jaypee Infratech, which is undergoing insolvency proceedings in the National Company Law Tribunal (NCLT).
- Dec 21, 2018 10:34 AM IST
29A has yielded multiple costs and limited benefits
- Nov 27, 2018 08:49 AM IST
SBI, Bank of Baroda, Dena Bank and Andhra Bank will sell a large part of their NPAs to accounts undergoing resolution at various insolvency courts
- Nov 13, 2018 08:37 PM IST
Net NPAs for 36 banks have reduced by Rs 18,921 crore in the three months from July to September. During the same period, gross NPAs have reduced by a mere Rs 5870 crore
- Nov 09, 2018 07:37 PM IST
Bankers also await the Supreme Court verdict starting November 13 when it will hear a case filed by the power producers' association against the RBI's February 12 circular
- Oct 31, 2018 09:14 AM IST
The board is now considering several options, including selling stake in the company and its subsidiaries to a financially strong investor
- Oct 26, 2018 08:17 AM IST
Essar Steel’s promoters Ruias offered to pay Rs 54,389 crore to the company's creditors. Lawyers see this as an attempt to delay an almost-done deal.
- Oct 22, 2018 02:43 PM IST
A higher rank above last year’s 100 would indicate implementation of better business friendly policies
- Sep 04, 2018 09:06 PM IST
Sunil Hitech has been unable to settle its corporate credit card dues of about Rs 45 crore.