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Prosenjit Datta
New Delhi, November 29, 2017
Politically, it makes sense to try and make sure that people who take huge loans, get the banks into trouble by defaulting, and mismanage do not get too many chances to hold on to their companies and assets at the cost of their lenders taking a steep haircut.


Anand Adhikari
November 29, 2017
The new amendment debarring willful defaulters and NPA accounts for more than one year from bidding under the bankruptcy process is expected to generate some momentum in the financial markets.


BT Online
New Delhi, November 28, 2017
The finance minister said the present government had not waived off any loans of big NPA defaulters, and that \"rumour mongers\" should know that the previous government - rather than taking firm decision against debtors - had relaxed the loan classification norms to keep defaulters as non-NPA account holders.


BT Online
November 27, 2017
Debt-ridden Essar Group on Friday announced the closure of its BPO arm Aegis sale for Rs 2,000 crore and said it has been able to pare debt by Rs 75,000 crore, thanks to the proceeds from the recent sale of its refinery business.


PTI
New Delhi, November 26, 2017
Niti Aayog Vice Chairman Rajiv Kumar today said the time has come for consolidation of reforms, including GST, bankruptcy code and benami law, initiated by the Modi government in the last 42 months to ensure that the steps deliver the \"desired fruits\".


Sameer Bhardwaj
New Delhi, November 24, 2017
It's not just public sector banks that are staring a mountain of NPAs - private sector banks are also taking a hit.


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
New Delhi, November 23, 2017
President RN Kovind on Thursday gave his nod to the Ordinance to amend the Insolvency and Bankruptcy Code (IBC), 2016, which aims to prevent \"unscrupulous, undesirable persons from misusing the provisions of the IBC\". In the video Rajeev Dubey, Editor, Business Today talks about the promoters who will suffer the most because of the Ordinance.


Anand Adhikari
New Delhi, November 23, 2017
The ordinance also paves the way for new team to take over and turnaround the company. But there is likely to be complications in willful defaulters cases


BT Online
New Delhi, November 23, 2017
In addition to restrict such persons from participating in the resolution or liquidation process, the amendment also provides such check by specifying that the Committee of Creditors ensure the viability and feasibility of the resolution plan before approving it.


BT Online
November 27, 2017
President Ram Nath Kovind on Thursday gave his assent to ordinance amending Insolvency and Bankruptcy Code (IBC).


BT Online
New Delhi, November 22, 2017
The Code, which became operational in December last year, provides for a market-determined and time-bound insolvency resolution process. It is implemented by the corporate affairs ministry


BT Online
New Delhi, November 17, 2017
While Finance Ministry has urged states and traders to conform to this norm, National Anti-profiteering Authority (NAA) will be able to ensure this on a more proactive manner.


Abir Roy
New Delhi, November 13, 2017
We are at the stage wherein some resolution plan would come up for approval from NCLT, and it would be interesting to watch the space going forward.


Anand Adhikari
Delhi, November 13, 2017
Armed with war chests, global distressed funds are eyeing troubled assets in India.


Mail Today Bureau
New Delhi, October 28, 2017
ICICI Bank, which is among the three domestic banks considered \"too big to fail\" by the RBI , said net profit was Rs 2,058 crore in the second quarter down from Rs 3,102 crore in the same quarter last year.


Mail Today Bureau
New Delhi, October 28, 2017
Applications have been invited from corporate entities for submission of a resolution plan for debtridden Jaypee Infratech to move ahead with the process under the insolvency law.


PTI
October 17, 2017
The bank had posted a net profit of Rs 319 crore for the July-September period of 2016-17.


BT Online
October 13, 2017
Jaypee Associates told the apex court that it has an offer worth Rs 2,500 crore and sought Supreme Court's nod to sell the project to another party.


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