Back door for promoters to retain control closed
The SC order barred promoters of Gujarat NRE Coke, a defaulting company, from proposing a revival plan in the event of liquidation under IBC
Few will go on record explicitly, but there is the fear that there will be a logjam ahead on the IBC front.
Such firms may be allowed to opt for pre-packaged deal
The ministry and the civil aviation regulator have said the government will consider the airline's request for slots as per existing policy
Media reports said near-collapse of Gupta Family Group Alliance's biggest lender has completely choked off the key source of funding
Centre likely to review situation after a few months; another extension is economically and legally untenable, say officials
IBC is an option; stakeholders may not use it even if freeze not extended, says M S Sahoo
25 financial creditors would be realising 41% from the Rs 19,350 cr deal on claims of Rs 47,158 cr
On Thursday, DHFL said it has received the intimation from the RBI and has filed application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance
Excessive focus on the biggest Indian companies could be counterproductive for employment generation
Here's a selection of Business Standard opinion pieces for the day
A new mechanism will only kick the can down the road
Bitcoin reached a new record on Sunday, rising above $49,000 for the first time. Read Business Standard's top stories here
Top officials to meet this week to discuss the matter
A selection of key court orders
The journey of a pre-pack starts with an informal understanding, engages stakeholders, and ends with a judicial blessing of the outcome
Each bankrupt company has around 7,500 retail investors on a median basis
The Budget proposes to strengthen the NCLT framework with e-Courts system
Cites World Bank's Ease of Doing Business report, which said it takes 1,445 days to resolve a commercial contract in India, versus 589.6 days in OECD high income countries, 120 days in Singapore