INTERCONTINENTAL BROADCASTING CORPORATION
IL&FS plans equitable distribution of sale proceeds to creditors
Uday Kotak-led board has also proposed to release 55 group firms from moratorium
India in a classic Darwinian mode of survival of the fittest: Uday Kotak
We are at a time where clean business and governance is coming to th...
Banks recover ₹6,000 crore in Prayagraj sale
Financial creditors took a 52% haircut on their ₹12,500 cr of loan exposure to the company.
No panic on D-Street after 4.5% GDP print; some expect Santa Rally ahead
"I was expecting a GDP growth figure below 4.5 per cent. For me, it’s a slightly better number."
Reserve Bank sends DHFL to NCLT for debt resolution
First financial services company to go for bankruptcy resolution.
NCLAT asks investigative agencies to clarify over JSW Steel's immunity in BPSL matter
A three-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya asked the agencies to file their reply affidavits by January 20 stating whether after insertion of section 32 A in the Insolvency and Bankruptcy Code (IBC) last month, JSW Steel has immunity from the alleged fraud committed by the previous BPSL managemet.
Economic slowdown hits jobs sector: SBI report
India is projected to create 16 lakh less jobs in FY20, according to a SBI research report.
NCLAT seeks clarity from govt, agencies on JSW Steel immunity
ED had in October last year attached Bhushan Power and Steel’s Rs 4,025-crore worth of land, buildings, plant and machinery in Odisha in a case related to the alleged diversion of bank funds, stalling the implementation of JSW Steel's Rs 19,700-crore resolution plan.
Market Movers: What changed for D-Street while you were sleeping
The index formed a similar indecisive candle on the weekly scale. A hold above 11,850 level is a must for any upside.
Liquidation process: Secured creditor cannot sell assets to entities ineligible for insolvency plan
The Insolvency and Bankruptcy Code (IBC) provides for time-bound and market-linked resolution process for stressed corporates.In case the resolution process does not materialise, then the entity goes for liquidation. An official release on Tuesday said the IBBI has notified changes to liquidation process regulations.
NCLAT asks Sebi to file reply on revised share delisting norms for cos under insolvency
The appellate tribunal has directed to list the matter on November 18 for orders.
Bad loan provisioning may swell by Rs 30,000 crore in Q3
DHFL, Reliance Home Finance, KKR-backed CCD and CG power could add to the woes of Indian banks .
Complete Alok Industries takeover: SBI to RIL
In March 2019, the Ahmedabad bench of the National Company Law Tribunal (NCLT) had approved the sole RIL-JM Financial ARC bid for Alok for Rs 5,050 crore. RIL wants to raise about Rs 4,550 crore through bank loans while infusing Rs 500-crore equity in the company.
The ‘headline-making’ judge: Of Tatas, Tagore, God and law
Meet NCLAT's Justice Sudhansu Jyoti Mukhopadhaya, whose Mistry ruling will soon be heard by the SC.
Adani, NTPC in fray to acquire Avantha’s stressed power plant
This is the first time NTPC, the country’s largest power producer, has bid for any stressed project, while Gautam Adani-led Adani Power is on a buying spree, having recently acquired GMR Infrastructure’s 1,370 mw coalbased power plant in Chhattisgarh for a debt component of Rs 3,530 crore and equity outgo of Rs 1.
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