Showing of 1-10 from 1927 result
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2 hours ago | Companies
Race for Essar Steel: NCLT directs lenders to review Arcelor, Numetal bids
The NCLT order rendered invalid the second round of bidding held on April 2
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3 hours ago | Companies
Insolvency: Essar Steel lenders face tough call; CoC may seek fresh bids
ArcelorMittal was found to be ineligible on technical grounds because it had sold shares in Uttam Galva Steels but had not been declassified as a promoter from stock exchange records
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3 hours ago | Companies
Mapping insolvency: UltraTech open to raising Binani Cement offer
UltraTech Cement recently upped its offer to Rs 79.6 billion after a second round of revision, outbidding Dalmia Bharat's offer by Rs 11 billion
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3 hours ago | Economy & Policy
RBI's resolution for bad loans impractical, says power minister R K Singh
Most of the stressed assets are either facing coal supply crunch or don't have any power supply agreement or both
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4 hours ago | Economy & Policy
Govt plans changes to insolvency law; homebuyers likely to benefit
The planned ordinance is also, it appears, to add a separate framework for micro, small and medium sized enterprises
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5 hours ago | Markets
Fate almost sealed for ABG Shipyard, Alok Industries, Lanco Infratech
Trio of stressed assets most likely headed for liquidation
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April 18, 2018, Wednesday | Companies
Fresh Expressions of Interest invited for ABG Shipyard under IBC
ABG Shipyard is undergoing insolvency proceedings under the Insolvency and Bankruptcy Code(IBC, 2016) as per the orders of NCLT
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April 18, 2018, Wednesday | Companies
Amtek Auto sells its SMI JV stake to Nippon Steel, Sumitomo Metal Corp
Amtek Auto is one of the 12 large insolvency cases which are undergoing insolvency resolution process with NCLT
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April 17, 2018, Tuesday | Companies
NCLT approves Vedanta's resolution plan for insolvent Electrosteel
"The approved (by Committee of Creditors) resolution plan shall come into force with immediate effect," the order said
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April 17, 2018, Tuesday | Opinion
Protecting the insolvency process
Regulatory forbearance should be viewed with caution
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April 17, 2018, Tuesday | Economy & Policy
A year later, the Insolvency and Bankruptcy Code is still work-in-progress
Bankruptcy proceedings continue to drag on in several cases beyond the expected time-frame, with borrowers and unsuccessful bidders challenging the process in civil courts
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April 16, 2018, Monday | Companies
Insolvency: UltraTech willing to pay Rs 79.60 bn to take over Binani Cement
Firm willing to pay Rs 7 bn more than earlier offer, to buy Binani Cement
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April 16, 2018, Monday | Companies
NCLT lets insolvency proceedings against debt-ridden Essar Power Jharkhand
The principal bench of NCLT has appointed an interim resolution professional (IRP) to manage the affairs of the company, according to an order
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April 16, 2018, Monday | Companies
Binani creditors' forum seeks audit of insolvency resolution process
Binani Cement owes about Rs 70 billion to financial and operational creditors
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April 15, 2018, Sunday | Opinion
Give Insolvency and Bankruptcy Code a chance
The Code is not a remedy for creditors to pursue their individual rights; it is a symbiotic mechanism for all stakeholders
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April 14, 2018, Saturday | Companies
Binani Cement resolution back to NCLT after promoters withdraw appeal in SC
The decision now rests with the NCLT, which will hear the matter again on Monday, April 16
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April 14, 2018, Saturday | Companies
Essar Steel bid: Arcelor alleges differential treatment in eligibility test
The legal sources said while JSW's case was similar to ArcelorMittal's, the latter did not get the same treatment
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April 12, 2018, Thursday | Companies
JSW Steel-AION Capital emerges successful bidder for Monnet Ispat
Monnet Ispat & Energy was the first stressed company to get resolution plans from prospective bidders
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April 12, 2018, Thursday | Companies
Insolvency: Dalmia's letters to CVC, RBI irk Binani Cement lenders
Majority of lenders has supported the revised offer from Binani Industries but asked the company to obtain SC's permission
