June 17, 2019 07:23 PM IST
NCLT is scheduled to hear insolvency petitions filed by the airline's operational creditors for recovery of dues on June 20.
June 17, 2019 10:04 AM IST
How do you achieve a $5 trillion economy as promised by Modi 2.0? The efficacy and quality of capital are paramount. Better corporate and regulatory behaviour, and a stronger redressal mechanism also go a long way in realising the dream.
June 10, 2019 07:04 AM IST
Resolution inevitably requires large haircuts and bankers, especially in the public sector, are often not willing to take such decisions.
May 30, 2019 02:36 PM IST
A team player with his own efficient team
May 30, 2019 12:24 PM IST
The government has done a good job in maintaining fiscal prudence and taking the economy out from the ‘Fragile 5’ to the top of the EM table, says Gautam Shroff
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 27, 2019 02:30 PM IST
The Central Board of Direct Taxes (CBDT) plan to revive companies struck off the Ministry of Corporate Affairs (MCA) may not be achieved within the June 30 deadline.
May 20, 2019 09:03 PM IST
Cross-border insolvency laws will give power to foreign creditors to recover money lent to Indian companies and enable Indian firms to also claim their dues from foreign companies.
May 17, 2019 11:40 AM IST
The Ministry of Corporate Affairs (MCA) will finalise these new laws over the next month to add to the 60-year-old rules for winding up a company.
May 11, 2019 07:30 PM IST
"The Indian judiciary should facilitate infrastructure development by providing speedy resolutions. Our country's economic progress hinges on this," Bhutoria said.
May 09, 2019 12:56 PM IST
Despite warts and all, IBC is an improvement over the previous tools available to creditors to recover their money from defaulters.
May 04, 2019 02:58 PM IST
The Insolvency and Bankruptcy Board of India (IBBI) Chairperson also noted that CoCs must provide all relevant information to resolution applicants so that they find interest in the companies.
May 03, 2019 08:29 AM IST
We need a capex recovery to accelerate economic growth but the overhang of stressed assets being put on sale could be a acting as a hurdle
May 02, 2019 01:50 PM IST
Patanjali's proposal got a 96 percent approval from the committee of creditors after a vote on April 30.
April 30, 2019 06:26 PM IST
359 cases had been admitted for corporate insolvency, while only 14 got resolution plan approvals and 73 went into liquidation in the January-March quarter
April 30, 2019 11:00 AM IST
Financial creditors took lead in initiating insolvency proceedings in the fourth quarter.
April 26, 2019 09:13 PM IST
Offer by Mumbai-based Suraksha Group will likely be the only one to be put to vote next week.
April 22, 2019 10:39 AM IST
After a case is admitted to the NCLT, it has to be solved within 180 days. But, these timelines are not followed strictly.
April 22, 2019 08:19 AM IST
Companies and promoters are doing all they can to lower debt to more sustainable levels. This has implications, mostly positive but some negative too
April 07, 2019 01:22 PM IST
Sahoo said the court's judgement does not disturb rights of creditors to initiate insolvency proceeding or any provision in the Insolvency and Bankruptcy Code.
April 02, 2019 07:11 PM IST
Banks, as financial creditors, still have the discretion to invoke insolvency under IBC. However, now they will need to decide on case-to-case basis to initiate action, without the deadlines set by the RBI.
April 02, 2019 12:22 PM IST
The circular was important to break the cycle of extend and pretend that has been the hallmark of the Indian banking system for quite some time. Bankers were content to kick the can down the road and delay the recognition of bad loans and show rosy bottom line numbers.
March 31, 2019 04:22 PM IST
Sahoo, who is at the helm of the Insolvency and Bankruptcy Board of India, noted that the code does not rule out recovery, but it must be incidental to reorganisation.
March 25, 2019 08:35 AM IST
The insolvency process may be the best option to get shareholders of a defaulting company to co-operate in a rescue bid with lenders
March 20, 2019 10:47 AM IST
Banks want to avoid initiating insolvency proceedings against the airline as there are no tangible assets that can help recover loans
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