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2 mins read
CIRP initiated in cases of DHFL, ABG Shipyard, Bhushan Power & Steel
Corporate insolvency resolution process (CIRP) was initiated in the cases of DHFL, ABG Shipyard and…
2 mins read
NCLT grants 90 days extension to Future Retail for concluding insolvency
The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate I…
PTI
2 mins read
Go First seeks NCLT directions to restrain lessors, regulator from taking any action
Crisis-hit Go First has sought various interim directions from the National Company Law Tribunal, i…
PTI
2 mins read
Doing everything possible to take utmost care of employees says Go First CEO
Go First chief Kaushik Khona has told employees that the airline has been crippled by recurring Pra…
PTI
2 mins read
RCap debt resolution: Torrent Investments moves SC against NCLT decision
Torrent Investments Private Limited has moved the Supreme Court against the decision of National Co…
ANI
3 mins read
Financial creditors forego Rs 790.626 cr under insolvency resolution process: CARE Ratings
With the debt recoverable rate going down to 30.8 per cent or Rs 243,452.5 crore (lenders foregoing…
2 mins read
Creditors take a haircut of 70% in insolvency cases: CareEdge report
The CareEdge report has found that the cumulative recovery rate has been on a downtrend, decreasing…
3 mins read
Go First says 'serial failure' of P&W engines forced airline to approach NCLT
Go First on Tuesday said it has been forced to seek voluntary insolvency resolution proceedings due…
PTI
1 min read
NCLT extends Reliance Capital resolution deadline to January 31, 2023
This is the third extension, as the timeline has been extended twice in the past. As per the …
2 mins read
Loans worth ₹10,09,511 crores written off in last five financial years: Sitharaman
Scheduled commercial banks have written off loans amounting to Rs 10,09,511 crore in the last five …
PTI
4 mins read
Possibility of rival bids for Go Airlines? It is a hypothetical question: says CEO Kaushik Khona
Even though the Wadia group has approached the National Company Law Tribunal (NCLT) voluntarily to …
2 mins read
Govt to amend insolvency law to reduce time taken for resolution process
The corporate affairs ministry's move to amend the law also comes against the backdrop of conce…
PTI
3 mins read
Haircut on cases resolved through IBC not very encouraging, says Kotak report
Haircuts on cases resolved through the Insolvency and Bankruptcy Code (IBC) are still very high, ne…
3 mins read
Will Reliance Capital lenders get their dues fast or will there be legal delays
With another round of bidding for Reliance Capital Ltd slated later this month, the question is whe…
3 mins read
Amid concerns of Jio-Airtel duopoly, analysts suggest new telecom bill empowers govt to maintain competition
The government has released the draft telecom bill that seeks to replace three old bills, one of wh…
3 mins read
IBC cases still below FY20 levels – report says this shows India Inc is ‘comfortably placed’
In yet another sign of the good health of corporate India, insolvency cases are still below FY20 le…
4 mins read
OPINION: How to make India’s bankruptcy resolution process faster and more efficient
However, as with all new regulations, the law takes its time to settle. Having said that there a…
1 min read
DHFL sets record as India's housing finance company to go bankrupt
The Reserve Bank on Friday sent the crippled Dewan Housing Finance Corporation (DHFL) to the ba…
PTI
1 min read
Baba Ramdev and Patanjali-owned Ruchi Soya wants to raise money from the market again
The move would also allow the company to meet SEBI's minimum public shareholding norms. In a …
2 mins read
NCLT approves Piramal Group's resolution plan for DHFL
"We are not remanding the plan back to CoC, we respect their commercial wisdom," it said. …