Lenders likely to meet on April 24 to chart future course of action
While it is not clear how ABG was allowed to pile up loans of a staggering Rs 19,000 crore, the…
In early April, the NCLAT had instructed the NCLT to follow the IBC guidelines while resolving the Binani Cement case.…
The loss-making integrated textile company was was referred to the Ahmedabad bench of the National Company Law Tribunal (NCLT) on…
Some lenders to Binani Cement have raised objections to the out-of-court settlement proposal of Binani Industries, sources close to Dalmia…
Axis Bank is likely to appoint global executive search firm Egon Zehnder to find a successor to its managing director…
Binani Industries submitted its revised out-of-court settlement plan along with a security deposit of Rs 750 crore in support of…
Binani Industries, which has been pushing for an out-of-court settlement for Binani Cement, is expected to submit a revised resolution…
ArcelorMittal, a VTB Bank-led Numetal-JSW Steel and Vedanta have thrown their hats in the ring for the bankrupt Essar Steel,…
Banks have drawn up a third list of corporate defaulters to be referred to the NCLT for resolution under the…
The 270-day deadline for Essar Steel ends on April 29. As per the Insolvency and Bankruptcy Code (IBC), 2016, a…
Bankers see digitisation pushing the expansion of banking services in the next 5-6 years. Technology will play a very important…
Legal experts have differed in their interpretation of the Insolvency and Bankruptcy Code, 2016 (IBC), on the issue of eligibility…
Decision comes after bankers rejected bids by both ArcelorMittal and Numetal since they didn’t meet IBC criteria.
Move to allow ArcelorMittal to re-bid for Essar Steel without its resolution plan getting stalled due to regulatory hurdles.
With its focused approach to the home loan business yielding results, Bank of Baroda is confident of increasing its market…
The hearing for Visa Steel at the Kolkata bench of the National Company Law Tribunal (NCLT) is likely to be…
Maintaining 25-30% compound growth rate for next 3-5 years key to us, says MD & CEO of IndusInd Bank
The consolidation of public-sector banks has not really gathered steam because it has to be a calibrated process, feels Romesh…
