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  Insolvency proceedings initiated against Jet Airways

  Business | June 23, 2019 15:54 IST

  The cash-strapped company became the first domestic airliner to go into bankruptcy after the Mumbai bench of the National Company Law Tribunal (NCLT) admitted an insolvency petition filed by SBI on behalf of 26 lenders on June 20.

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  Two operational creditors take Jet to NCLT, hearing on June 13

  India | June 10, 2019 18:27 IST

  The tribunal issued notices to Jet Airways and banks which own the airline now and posted the matter for further hearing on June 13 when it will decide on admitting or rejecting the bankruptcy pleas.

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  Data privacy scandal: Cambridge Analytica files for bankruptcy

  World | May 18, 2018 14:02 IST

  The firm in the petition listed assets in the range of $100,000 to $500,000 and liabilities in the range of $1 million to $10 million.

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  Cabinet clears ordinance for changes to Bankruptcy Code

  Business | November 23, 2017 12:07 IST

  "Some changes have been proposed to the Insolvency and Bankruptcy Code and since these are being done by ordinance, we cannot give the details of the proposals that the cabinet has recommended to the President," Jaitley said.

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  Cabinet clears ordinance to amend Insolvency code, to be placed before Parliament in Winter session

  Business | November 22, 2017 17:08 IST

  Finance minister Arun Jaitley today said that the Cabinet has sought the President's approval to amend the Insolvency and Bankruptcy Code.

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  Jaypee insolvency row: SC raps JAL for failure to deposit Rs 2,000 cr, seeks asset details of company directors

  Real Estate | November 13, 2017 16:25 IST

  ​The top court also set up an amicus curiae in the ongoing case and asked directors of JAL to personally appear before it on Nov 22.

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  Reprieve for homebuyers, SC stays insolvency proceedings against Jaypee Infratech

  September 04, 2017 14:43 IST

  Flat-buyers had contended before court that they will neither get a home nor a refund of their hard earned money on account of being "unsecured creditors".

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  After Jaypee, three Amrapali companies may face insolvency proceedings

  August 22, 2017 17:51 IST

  Insolvency proceedings are likely to be initiated against three Amrapali group companies – Noida's Silicon City and Greater Noida-based Ultra Home Construction and Amrapali Infrastructure - on the plea of Bank of Baroda.

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  NCLT admits IDBI bank’s plea to initiate insolvency proceedings against Jaypee Infratech

  August 10, 2017 14:16 IST

  Jaypee Infratech is one of the 12 companies referred to the NCLT for insolvency proceedings by banks following the Reserve Bank of India's June 13 directive

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  RBI may take up NPAs worth Rs 8L cr for resolution by March 2019: Assocham

  July 17, 2017 11:36 IST

  As per the study, the move has the potential to bring down the non-performing asset levels and 'significantly improve' the financial health of banks

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  Gujarat HC stays insolvency proceedings against Essar Steel, next hearing on July 7

  July 06, 2017 10:36 IST

  The Gujarat High Court on Tuesday stayed the insolvency proceedings filed against the Essar Steel by its lenders at the National Company Law Tribunal (NCLT) Ahmedabad branch till the next hearing on July 7

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  NPA crisis: Lanco Infra first among ‘big 12’ to face bankruptcy action, IDBI initiates proceedings

  June 20, 2017 14:17 IST

  IDBI Bank's decision to recover its dues by taking the resolution to insolvency courts sent Lanco Infratech stocks tumbling 20 per cent

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  Bad loans: Bankers meet on 12 large defaulters begins today; PMO to review progress separately

  June 19, 2017 11:49 IST

  The 12 defaulters accounting for 25 per cent of total bad debt include Essar Steel, Bhusan Power and Steel, Alok Industries, Amtek Auto, Monnet Ispat, Lanco Infra, Electrosteel Steels, Era Infra, Jaypee Infratech, ABG Shipyard, and Jyoti Structures

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  New bill to tackle bankruptcy in financial sector soon, says Shaktikanta Das

  February 09, 2017 19:38 IST

  In a move aimed at curbing bankruptcy issues in the financial sector, the government is ready and likely to introduce a bill for resolution of insolvent financial firms. While the Insolvency and Bankruptcy law that

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  Insolvency and Bankruptcy Code to kick in from tomorrow, says ICSI President

  November 30, 2016 18:26 IST

  With an end goal to help faster resolution of cases and unlock value of assets, the Insolvency and Bankruptcy Code will get operational from tomorrow, Mamta Binani, President, ICSI, the apex body of company secretaries,

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  Bankruptcy and insolvency law may be operational by year end: Shaktikanta Das

  October 26, 2016 6:38 IST

  Economic Affairs Secretary Shaktikanta Das on Tuesday expressed hope that the Bankruptcy and Insolvency law would become operational by the end of this year, leading to further ease of doing business. "We have a definite

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  Smells fishy! Kim Kardashian's bodyguard filed for bankruptcy weeks before ‘Paris robbery’

  Hollywood | October 07, 2016 12:08 IST

  Kim Kardashian's bodyguard Pascal Duvier had filed for bankruptcy for his German security company ProtectSecurity ten weeks before Paris robbery.

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  India's bankruptcy law positive for banks: Moody's

  May 26, 2016 12:41 IST

  Chennai: Global credit rating agency Moody's Investors Service on Thursday said India's bankruptcy code boosts creditors bargaining power against big borrowers. However, Moody's also said significant infrastructure constraints have to be crossed for

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  'Passage of India's bankruptcy code will attract greater FDI': US-India Business Council

  May 12, 2016 9:15 IST

  Washington: The passage of Insolvency and Bankruptcy Code will add to the attractiveness of India as a destination for long-term foreign investment, a top American business advocacy group has said, hours after the Rajya Sabha

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  Bankruptcy Code positive reform for financial sector: Report

  May 08, 2016 18:17 IST

  New Delhi: India's Insolvency and Bankruptcy Code is quite a positive reform for the financial sector, especially for state-run banks heavily burdened with stressed assets, as it will give creditors a legal path for recovering