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Bankruptcy Proceedings

NARCL to buy loans of five distressed companies, lenders agreement awaited

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

NARCL to buy loans of five distressed companies, lenders agreement awaited
Updated On : 25 Aug 2022 | 2:42 PM IST

NCLT allows RBI's plea for bankruptcy proceedings against Reliance Capital

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

NCLT allows RBI's plea for bankruptcy proceedings against Reliance Capital
Updated On : 07 Dec 2021 | 12:35 AM IST

Personal guarantors may be part of cross-border insolvency framework

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

Personal guarantors may be part of cross-border insolvency framework
Updated On : 19 Nov 2021 | 6:10 AM IST

'IBC is a road under construction,' says IBBI chairperson M S Sahoo

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

'IBC is a road under construction,' says IBBI chairperson M S Sahoo
Updated On : 25 Aug 2021 | 12:40 AM IST

Bankruptcy process needs a re-look

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

Bankruptcy process needs a re-look
Updated On : 08 Jul 2021 | 10:38 PM IST

Haircuts and settlements

Gaming the system leads to losses to lenders

Haircuts and settlements
Updated On : 05 Jul 2021 | 10:22 PM IST

Headless NCLT awaits reforms to speed up resolution of pending cases

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

Headless NCLT awaits reforms to speed up resolution of pending cases
Updated On : 25 Jun 2021 | 6:10 AM IST

Lenders terminate bankruptcy proceedings against Lavasa Corporation

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

Lenders terminate bankruptcy proceedings against Lavasa Corporation
Updated On : 31 May 2021 | 6:10 AM IST

Pre-packaged insolvency for small & medium firms

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

Pre-packaged insolvency for small & medium firms
Updated On : 16 Apr 2021 | 10:17 PM IST

On the verge of bankruptcy: How Cafe Coffee Day ground to a halt

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

On the verge of bankruptcy: How Cafe Coffee Day ground to a halt
Updated On : 13 Apr 2021 | 6:10 AM IST

Coffee Day stares at bankruptcy as asset sale fails to make headway

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

Coffee Day stares at bankruptcy as asset sale fails to make headway
Updated On : 08 Apr 2021 | 6:10 AM IST

Statsguru: IBC mechanism ready to take up cases after a year-long hiatus

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

Statsguru: IBC mechanism ready to take up cases after a year-long hiatus
Updated On : 29 Mar 2021 | 6:10 AM IST

Special insolvency relief framework for Covid-hit MSMEs in the works

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

Special insolvency relief framework for Covid-hit MSMEs in the works
Updated On : 10 Mar 2021 | 6:10 AM IST

NCLT begins insolvency proceedings against The Pioneer group firm

Interim resolution professional appointed; public notice issued

NCLT begins insolvency proceedings against The Pioneer group firm
Updated On : 27 Jan 2021 | 1:28 AM IST

Mallya receives fresh blow as plea to halt bankruptcy proceedings rejected

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

Mallya receives fresh blow as plea to halt bankruptcy proceedings rejected
Updated On : 14 Jan 2021 | 12:15 AM IST

Not a penny to equity holders as DHFL bidders value firm's shares at zero

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

Not a penny to equity holders as DHFL bidders value firm's shares at zero
Updated On : 04 Jan 2021 | 9:56 PM IST

DHFL bidder selection: Oaktree Capital asks lenders for fair treatment

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

DHFL bidder selection: Oaktree Capital asks lenders for fair treatment
Updated On : 23 Dec 2020 | 6:10 AM IST

Barely a week before the deadline, IBC resumption hangs in balance

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

Barely a week before the deadline, IBC resumption hangs in balance
Updated On : 18 Dec 2020 | 6:10 AM IST

JSW Steel sees mettle in bankrupt asset amid upturn in steel market

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

JSW Steel sees mettle in bankrupt asset amid upturn in steel market
Updated On : 10 Dec 2020 | 6:10 AM IST

Losing momentum: Three years on, Amtek Auto still awaits IBC resolution

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

Losing momentum: Three years on, Amtek Auto still awaits IBC resolution
Updated On : 20 Oct 2020 | 6:10 AM IST