Bankruptcy
-
Insolvency proceedings initiated against Jet Airways
Business | Jun 23, 2019, 03:54 PM ISTThe 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.
-
Two operational creditors take Jet to NCLT, hearing on June 13
India | Jun 10, 2019, 06:27 PM ISTThe 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.
-
Data privacy scandal: Cambridge Analytica files for bankruptcy
World | May 18, 2018, 02:02 PM ISTThe 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.
-
Cabinet clears ordinance for changes to Bankruptcy Code
Business | Nov 23, 2017, 12:07 PM 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.
-
Cabinet clears ordinance to amend Insolvency code, to be placed before Parliament in Winter session
Business | Nov 22, 2017, 05:08 PM ISTFinance minister Arun Jaitley today said that the Cabinet has sought the President's approval to amend the Insolvency and Bankruptcy Code.
-
Jaypee insolvency row: SC raps JAL for failure to deposit Rs 2,000 cr, seeks asset details of company directors
Real Estate | Nov 13, 2017, 04:25 PM ISTThe 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.
-
Reprieve for homebuyers, SC stays insolvency proceedings against Jaypee Infratech
Sep 04, 2017, 02:43 PM ISTFlat-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".
-
After Jaypee, three Amrapali companies may face insolvency proceedings
Aug 22, 2017, 05:51 PM ISTInsolvency 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.
-
NCLT admits IDBI bank’s plea to initiate insolvency proceedings against Jaypee Infratech
Aug 10, 2017, 02:16 PM ISTJaypee 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
-
RBI may take up NPAs worth Rs 8L cr for resolution by March 2019: Assocham
Jul 17, 2017, 11:36 AM ISTAs per the study, the move has the potential to bring down the non-performing asset levels and 'significantly improve' the financial health of banks
-
Gujarat HC stays insolvency proceedings against Essar Steel, next hearing on July 7
Jul 06, 2017, 10:36 AM ISTThe 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
-
NPA crisis: Lanco Infra first among ‘big 12’ to face bankruptcy action, IDBI initiates proceedings
Jun 20, 2017, 02:17 PM ISTIDBI Bank's decision to recover its dues by taking the resolution to insolvency courts sent Lanco Infratech stocks tumbling 20 per cent
-
Bad loans: Bankers meet on 12 large defaulters begins today; PMO to review progress separately
Jun 19, 2017, 11:49 AM ISTThe 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
-
New bill to tackle bankruptcy in financial sector soon, says Shaktikanta Das
Feb 09, 2017, 07:38 PM ISTIn 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
-
Insolvency and Bankruptcy Code to kick in from tomorrow, says ICSI President
Nov 30, 2016, 06:26 PM ISTWith 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,
-
Bankruptcy and insolvency law may be operational by year end: Shaktikanta Das
Oct 26, 2016, 06:38 AM ISTEconomic 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
-
Smells fishy! Kim Kardashian's bodyguard filed for bankruptcy weeks before ‘Paris robbery’
Hollywood | Oct 07, 2016, 12:08 PM ISTKim Kardashian's bodyguard Pascal Duvier had filed for bankruptcy for his German security company ProtectSecurity ten weeks before Paris robbery.
-
India's bankruptcy law positive for banks: Moody's
May 26, 2016, 12:41 PM ISTChennai: 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
-
'Passage of India's bankruptcy code will attract greater FDI': US-India Business Council
May 12, 2016, 09:15 AM ISTWashington: 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
-
Bankruptcy Code positive reform for financial sector: Report
May 08, 2016, 06:17 PM ISTNew 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