Bankruptcy Proceedings

In July, NARCL had proposed to take distressed assets of 17 firms worth Rs 93,249 crore including included five firms of the Future Group

The bankruptcy tribunal has also confirmed the appointment of Y Nageswar Rao as the administrator of the company

The cross-border insolvency framework is yet to be notified under the Insolvency and Bankruptcy Code

Referring to the pre-pack scheme of insolvency resolution for micro, small and medium enterprises (MSMEs), he says it takes three-six months for the market to understand a new framework

A mechanism is needed to ensure bank-led resolution- not the NCLT- is the first resort for lenders

Gaming the system leads to losses to lenders

Over 20K cases pending and more than half linked to insolvency, bankruptcy

Lenders who have run up Rs 7,700 cr bad loans will call for fresh bids

A notable feature of the ordinance is the pre-packaged process' two-step voting structure

After group company Sical Logistics was sent to NCLT, the listed company is next in queue

According to an exchange filing, for the March quarter, CDEL's outstanding debt was Rs 280 crore

As many as 1,942 cases are currently going on under the Code (as of Septem­ber 2020)

Such firms may be allowed to opt for pre-packaged deal

Interim resolution professional appointed; public notice issued

Mallya's lawful group has said that the banks are "made sure about loan bosses" and subsequently ought not bring liquidation procedures

Investors baffled as DHFL had a market valuation of Rs 941 cr on Monday, with its stock trading at Rs 30 a share even after the company was sent for bankruptcy proceedings

Oaktree and Piramal Group are engaged in neck and neck competition to get control of the mortgage lender, for which the selection process has entered the final stage

The official said that while on the one hand green shoots were visible in the economy and the stock market was booming, on the other things were not moving under IBC

An upturn in the steel market has prompted the country's third-largest steel producer to up the ante on acquiring Bhushan Power

After an encouraging start, the IBC, launched by the Modi government in 2016, is losing momentum. The first of a 5-part series looks at Amtek Auto's resolution process