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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…

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Supreme Court agrees to list plea related to insolvency proceedings against ed-tech firm Byju's

Kaul said, "The only funding was done by the promoters and today no one has brought any external…

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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…

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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…

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Real estate sector weighs on IBC but accounts for 18% of total realisations

The real estate sector has accounted for a significant portion of the total realisations under the …

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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…

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Go First Impact: Market capitalisation of 3 PSU Banks down by ₹7,500 crore as investors fret over their exposure to ailing airline

Low-cost airline Go First’s insolvency proceedings have plunged shares of Central Bank of India, Ba…

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Time to push divestment of state-owned banks, says SBI report

With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…

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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…

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India puts a pause on new bankruptcy cases for a year ⁠— and other changes that will cap the rise in bad loans

"Any indebted situation that comes up because of coronavirus will not be considered as ‘default’ an…

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As Supertech goes bankrupt, these are the options home buyers have

Noida-based real-estate firm Supertech Limited was declared bankrupt by the National Company Law Tr…

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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…

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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…

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Blackstone to invest $2 bn every year in India; wants quicker M&A clearances

Global private equity major Blackstone Group is confident of investing USD 2 billion annually in In…

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India jumps 56 spots in global indices for its ability to resolve bankruptcy cases

In 2019, India stood at 77th position in the Ease of Doing Business ranking — and has improved 6…

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“Nowhere in the world do bankruptcy cases have a 330-day deadline,” says bankruptcy board chief MS Sahoo

The Supreme Court on November 15 allowed the bankruptcy courts are free to relax the 330-day deadli…

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EXCLUSIVE: India’s bankruptcy board Chairman explains the evolution of the country's insolvency laws

India’s new bankruptcy law is providing what the country now needs - a way for creditors to gain wh…

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Aviva Life settles insolvency case in NCLT

New Delhi, Nov 27 ()

Aviva Life Insurance on Wednesday said the insolvency case filed against th…

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EXCLUSIVE: New amendment to bankruptcy law has Prashant Ruia’s personal guarantee on its radar

India’s Finance Ministry is sitting on a new amendment to the bankruptcy law. That might be a big…

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NCLAT stays NCLT directive to make MCA party to all insolvency cases

New Delhi, Dec 10 () The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed an order…

PTI