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Total 119 results found. Search for [ essar steel ]

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Prosenjit Datta
New Delhi, Edition:December 31, 2017
The number of companies that have been referred to the National Company Law Tribunal for resolution under the Insolvency and Bankruptcy Code (IBC) has crossed 400.
Nevin John
New Delhi, Edition:December 31, 2017

Corporate czars are looking to acquire stressed assets of India's dozen big defaulters. A look at what that means for industry and banks.

Nevin John
December 6, 2017
Anil Ambani's Reliance Communications (RCom) had warnings from many quarters when it took loans from Chinese banks.
Mail Today Bureau
November 29, 2017
The move is aimed at reducing the debt burden of the company. The transaction will help reduce the liability of unsecured creditors, benefiting all stakeholders, including lenders and shareholders of RCom, the company said.
Nevin John
New Delhi, November 28, 2017
China Development Bank (CDB) filed an insolvency petition on 24 November against Reliance Communications to recover its loan of $1.78 billion (Rs 11,460 crore), according to media reports.
Nevin John
November 27, 2017
The central government on Wednesday revised the Insolvency and Bankruptcy Code (IBC), preventing wilful defaulters, dubious promoters and those involved in fraudulent transactions from bidding for stressed assets. 
BT Online
New Delhi, November 23, 2017
On the question of whether he is satisfied with the current amendments, Kumar said, "I will be happy when the resolution happens. I don't mind some haircut but I don't want to be bald."
BT Online
November 27, 2017
President Ram Nath Kovind on Thursday gave his assent to ordinance amending Insolvency and Bankruptcy Code (IBC).
Anand Adhikari
Delhi, Edition:December 3, 2017

Armed with war chests, global distressed funds are eyeing troubled assets in India.

Rajeev Dubey
New Delhi, Edition:December 3, 2017
Vedanta chief Anil Agarwal is on a roll with global prices of zinc and aluminium rising sharply over the past few months. Business Today's Rajeev Dubey spoke to Anil Agarwal on the way forward.
Anand Adhikari
New Delhi, November 1, 2017
This is the big fear among banks, which are now making a last ditch effort through the new bankruptcy code, to get their money back.
Team BT
New Delhi, Edition:November 19, 2017
The Karnataka government has banned pillion riders on two-wheelers with less than 100cc engine capacity to curb accidents.
Nevin John
New Delhi, September 6, 2017
Essar group recently completed sale of its refinery at Vadinar, Gujarat and the associated assets like port and retail outlets across the country to the Russian oil company Rosneft after one-year-long negotiations.
BT Online
New Delhi, August 30, 2017
The Central bank wrote a letter in which it said that these accounts should first be resolved through any of RBI's schemes before December 13.
New Delhi, August 3, 2017
The Banking Regulation (Amendment) Bill, 2017, passed by a voice note in Lok Sabha, seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017 promulgated in May.
July 26, 2017
Mortgage leader HDFC reported a marginal fall in consolidated net profit at Rs 2,734 crore or the three months to June as against Rs 2,797 crore a year ago.
By Anand Adhikari and Nevin John
Delhi, Edition:August 13, 2017

A closer look at whats in store for the 12 largest corporate defaulters.

July 24, 2017
A bill to authorise the RBI to direct banking companies to resolve the problem of stressed assets was on Monday introduced in the Lok Sabha by Finance Minister Arun Jaitley.
Team BT
Edition:August 13, 2017

The noose tightens around 12 big corporate defaulters as bankers invoke bankruptcy proceedings for quick redressal.

July 17, 2017
The Gujarat High Court on Monday dismissed Essar Steel India Ltd's appeal against a central bank order that asked creditor banks to start insolvency proceedings against the steelmaker, lawyers on the case said.
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