NCLT admits Bank of India's insolvency process against RNA Corp
The public sector lender had granted a loan of Rs 75 crore to RNA Corp in October 2013 and the builder defaulted on repayment of this loan in December 2014, since then the account has been classified as a non-performing asset. The bank has claimed total dues worth Rs 80.73 crore including the principal loan, interest, penal interest and legal expenses.
NCLT orders liquidation for Lanco Babandh
The bankruptcy court removed the resolution professional for the Lanco group company, and appointed...
Govt taking all steps to strengthen NCLT, NCLAT
The government has recently appointed 28 more members in NCLT and 4 more members in NCLAT, sa...
DHFL drops 5% after NCLT admits insolvency plea
DHFL became India’s first non-banking finance company to face insolvency proceedings.
NCLT admits RBI plea seeking bankruptcy resolution for DHFL
The move came in after the Reserve Bank last Friday made an application for bankruptcy proceedings to resolve the credit and liquidity crisis at the company, which became the first financial sector player being sent for bankruptcy. dmitting the petition, an NCLT bench said the petition deserves admission."
Reserve Bank sends DHFL to NCLT for debt resolution
First financial services company to go for bankruptcy resolution.
Lenders to refer more cases to NCLT
Banks must come up with a plan by January 7. It they fail, it would be the beginning of a difficult chapter.
DHFL: RBI retains its 3-member advisory panel
On November 22, the central bank had constituted a three-member advisory committee.
10,860 cases under IBC pending before NCLT at the end of September: Govt
"As per the data provided by National Company Law Tribunal (NCLT), total 19,771 cases were pending with NCLT benches on 30.09.2019, which include 10,860 cases under Insolvency and Bankruptcy Code (IBC), 2016," Minister of State for Finance and Corporate Affairs Anurag Singh Thakur said in a written reply to the Rajya Sabha.
NCLT orders status quo on Omaxe’s land in Hyderabad
The NCLT has also ordered nonencumbrance on the land, on a petition filed by group chairman Rohtas Goel’s younger brother and former joint managing director Sunil Goel.
Dharamshi-Jhunjunwala Consortium: NCLT okays Ricoh revival plan
A dedicated bankruptcy court has accepted the resolution plan for the revival of Ricoh India, the largest player in printing and document solutions.
IDBI Bank to raise Rs 1,500 crore from asset sales: CEO
The government appointed Sharma in October 2018 to manage the transition of the bank’s ownership to Life Insurance Corporation of India.
Aviva Life settles insolvency case in NCLT
Aviva Life Insurance on Wednesday said the insolvency case filed against the company, in a matter involving commercial dispute of Rs 27 lakh, has been settled.
Jaypee Infra insolvency: NBCC, Suraksha Realty place final bids
NBCC has advanced the completion date to 42 months from 48 earlier and has also increased the land offered to lenders by 100 acres to 1,526 acres. It has also proposed to increase the concession agreement of Yamuna Expressway by 10 years. The final voting of the committee of creditors (CoC) is likely to take place on December 11.
First personal insolvency petition filed in Amaravati
Omkaram Venkata Ramana, who had stood personal guarantor to five firms that defaulted on Rs 38.66 crore of bank loans, filed the petition to initiate personal insolvency resolution process, which his counsel said would entitle him to an interim moratorium on all his liabilities.
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