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3 mins read
Congress criticises SBI's decision to convert SIIL debt into equity, urges RBI intervention
The State Bank of India (SBI), being SIIL’s largest lender, found itself at the centre of this fina…
3 mins read
Neck deep in debt? Here’s how some companies are helping habitual borrowers consolidate their loans
There were creditors coming home and harassing him. That’s when he came across the contact of a …
1 min read
NCLAT judge recuses from hearing Raveendran's plea against insolvency proceedings of Byju
Raveendran had filed a petition challenging the initiation of insolvency proceedings against Think …
PTI
1 min read
NCLT admits Go First's plea to initiate insolvency resolution
The National Company Law Tribunal (NCLT) on Wednesday admitted Go First's voluntary plea to initiat…
PTI
2 mins read
Student-loan borrowers don't have 'an effective check' over the companies that manage their debt, a Democratic lawmaker says
Rep. Katie Porter said the Education Department has a "conflict of interest" in the student-loan in…
Ayelet Sheffey
2 mins read
RCap resolution: NCLAT issues notices to Torrent Investments and others on the lender's plea
The appellate tribunal has directed to list the petition on February 9, 2023, saying the appeal wou…
PTI
3 mins read
Student-loan companies that don't do their jobs should be fired, Elizabeth Warren says. Her next target is one that manages 8 million borrowers.
After Navient was banned from federal student-loan servicing, Elizabeth Warren told BI it's a warni…
Ayelet Sheffey
2 mins read
NCLAT stays CCI penalty on NTPC in Ratnagiri Gas & Power shares issue
The National Company Law Appellate Tribunal (NCLAT) has stayed a CCI order that imposed a penalty o…
PTI
2 mins read
Future Lifestyle Insolvency: RP receives claims of ₹2,155.53 cr from financial creditors
As per the provision of the Insolvency & Bankruptcy Code, a Committee of Creditors (CoC) of FLFL ha…
PTI
3 mins read
Future Retail insolvency process: 48 cos selected as eligible prospective bidders
As many as 48 companies, including Reliance Retail, Jindal Power Ltd and Adani Group, are on the fi…
PTI
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. …
PTI
2 mins read
Adam Aron's New Year's resolution for AMC is to refinance the movie-theater chain's pandemic debt
"There is no guarantee of success, but we will try very hard to get this done," Aron wrote on Twitt…
Natasha Dailey
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
US stocks slide as traders wait for lawmakers to vote on debt ceiling deal
Investors were jittery as they awaited for lawmakers to vote on a potential resolution to the debt …