Retail entity's cash flows have been hit, and if the merger deal does not go through, the working of restructuring would be under strain
Less than 200 cases have been admitted to the National Company Law Tribunal till June after the suspension was lifted on March 24, revealed the Insolvency and Bankruptcy Board of India
Rajya Sabha was adjourned on Tuesday amid continuous protest by opposition parties over their demand for a discussion on the use of Pegasus spyware, farmers' agitation and other issues
The Insolvency and Bankruptcy Code (IBC), which came into effect in 2016, provides for a market-linked and time-bound resolution of stressed assets.
Minister of State for Corporate Affairs Rao Inderjit Singh moved the Bill for consideration and passage amid the din
Any restructuring of stressed accounts outside the IBC would not look credible till the performance of PSBs improves
As per British law, a bankruptcy trustee takes charge of a bankrupt person's financial and physical assets
The prepackage process for resolution has been popular in Europe and the US over the past decade
Sitharaman is in charge of both finance and corporate affairs ministries.
Business Standard brings to you the top headlines on Thursday
Amount realised in top 100 CIRPs is Rs 2.37 trillion, over 36% of admitted claims
If sale is successful, lenders will get Rs 15,000 cr more from Videocon's debt resolution, taking their recovery to over 40%
The second wave of Covid-19 could again delay resolutions and increase haircuts
Large housing finance company resolution seen as key drive; second wave could cause delays and increase haircuts
The agency believes that there have been some positive outcomes from the presence of the IBC despite the delays that are becoming common.
Haircut rises to 60% of lenders' claims in FY21
Tribunal gave direction to have a look at offer by Kapil Wadhawan
Industry body Assocham on Friday urged the government to reimpose moratorium on taking debt-ridden firms to the NCLT under the IBC till December
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New corporate insolvency being at halt reflected in the continuing drop in the number of ongoing corporate resolution cases in the October-December period