The committee of creditors is yet to approve either of the two resolution plans that the Era Infra resolution professional has received so far - the reason being legal disambiguity of the resolution plans submitted

Within days of acquiring Essar Steel under an insolvency process, AMNSIL had made an application to the Gujarat Maritime Board requesting that the licence be transferred to them

The industry was earlier talking about a bloodbath in the first quarter as most of the factories and sales units were shut due to coronavirus outbreak and the resultant lockdowns. But the recent performance updates released by the companies indicate that some of the sectors have been able to survive

With the post-lockdown economy still to pick up, highly leveraged companies are looking at ways to reduce debt

Of this, 1,604 cases have been settled by the tribunals across the country by finding a new buyer, commencing liquidation, or allowing voluntary withdrawals

Reliance said it expects to achieve a peak output of around 28 million standard cubic metres per day by FY24 when all three projects are up and running

The decline in gross NPAs from 11% to 9% during 2018-19, and higher recovery through IBC in visibly large cases, made almost everybody believe the worst was over

RIL and its joint venture partner BP Plc are investing Rs 35,000 crore to develop three fields - R Series, Satellite & MJ. The JV is slated to commence commercial production from R-Series in June this year

Jindal Stainless has seen an improvement in the net debt-equity ratio which stood at 1.3 as on December 31, 2019, as compared to 3.2 as on March 2017

Out of Rs 9,870 crore worth of claims, the creditors have received a princely sum of Rs 96 crore - that is right. Less than 1% after more than one year of running around, which will not compensate even the expenses incurred by the creditors

JSW Steel's steelmaking capacity will increase to 21.5 MT from 18 MT post Rs 19,700 crore acquisition of Bhushan Power and Steel

A bulk of the bank's NPAs are facing the bankruptcy proceedings where adequate provisions have been made. The bank expects to get the benefit of write-backs as and when the recovery takes place

Reliance-BP is likely to offer as much as 5 million standard cubic meters per day of natural gas for bidding from newer discoveries in KG-D6 in next few days

For the whole year (2019), ArcelorMittal reported a net loss of USD 2.5 billion as against net income of USD 5.1 billion in 2018

Budget 2020 wishlist: The first big measure regarding banking sector that many are expecting Finance Minister Nirmala Sitharaman to announce in her second Budget speech is a hike in deposit insurance cover

Aditya Mittal, who is also the chairman of HMEL, spearheads HMEL's expansions into petrochemicals

Prescriptions from top experts in business, economics, politics and taxation

The accounts comprise those of RattanIndia Power, Essar Steel, Ruchi Soya and Prayagraj Power, said UCO Bank MD and CEO, A K Goel

The IBC Amendment Bill 2019 expanded the ambit of the insolvency law by including provisions on interim finance, setting of threshold limit on application by homebuyers and providing immunity to corporate debtor post successful resolution plan

Corporates' debt dsitress has led to a mostly muted scene on India's corporate deal street this year, after a blockbuster 2018, while economic slowdown fears further came in the way for any significant merger and acquisition deals