The 270-day deadline for Essar Steel ends on April 29. As per the Insolvency and Bankruptcy Code (IBC), 2016, a resolution plan has to be finalised and approved within 270 days of a company's admission to the National Company
With its focused approach to the home loan business yielding results, Bank of Baroda is confident of increasing its market share of new home loans to 6%, Ashok Kumar Garg, executive director, tells Shamik Paul.
The consortium of lenders to Monnet Ispat, led by State Bank of India, are expected to complete the voting process on the sole bid received for the loss-making steelmaker from the consortium of Aion Investments and JSW Steel
While an acquisition in the life insurance sector would be the most capital intensive, less capital will be required for a non-life insurance company, and a buyout in the mutual fund space would be the least capital intensiv
The committee of creditors (CoC) to Essar Steel is likely to approach the National Company Law Tribunal (NCLT) regarding the bids received as part of the steelmaker's insolvency resolution process since both the bidders – A