The committee of creditors (CoC) to Essar Steel is likely to approach the National Company Law Tribunal (NCLT) regarding the…
Regulators may be wary of a bigger problem cropping up after the revelation of misuse of non-fund-based banking services by…
While the Indian bankruptcy code has vested significant powers in the hands of the resolution professional (RP), the National Company…
While the Indian Bankruptcy Code has vested significant powers in the hands of the resolution professional (RP), the National Company…
The issue came up for consideration before banks decided to independently invoke the guarantees of promoters of Essar Steel, sources…
Budget 2018: The government, he said, has also initiated the process of strategic disinvestment in 24 CPSEs, including the strategic…
Budget 2018: The government’s plan to merge three general insurance companies — National Insurance Company, United India Assurance Company and…
Firms linked to Lanco Infratech — some of them subsidiaries — have registered claims of a whopping Rs 7,164.5 crore…
The Mumbai Bench of the National Company Law Tribunal (NCLT) has dismissed a petition by Monnet Ispat’s resolution professional against…
The central bank has, over the past couple of years, been trying to coax banks to lower lending rates. However,…
There seems to be a communication lapse between the Reserve Bank of India (RBI) and the finance ministry on a…
The Hyderabad Bench of the National Company Law Tribunal (NCLT) has rejected Tata Power’s insolvency petition against Meenakshi Energy, citing…
Even as the insolvency process is gaining momentum, an act of alleged collusion has come to light, that underlines how…
The rest of the stake is held by Jaiprakash Associates. Lenders have mandated SBI Capital Markets (SBI Caps) to act…
While the claims are small compared with the size of Essar Steel’s total debt of Rs 44,000 crore, they nevertheless…
State Bank of India (SBI) has put on sale loans of Asian Colour Coated Ispat worth Rs 1,301 crore. The…
Senior bankers will meet officials of the Insolvency and Bankruptcy Board of India (IBBI), including its chairman MS Sahoo, on…
Even under immense stress, Arundhati Bhattacharya has been courage personified, never afraid to speak her mind, her voice always one…
