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Total 383 results found. Search for [ IBC ]

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BusinessToday.In
New Delhi, June 23, 2018
RIL-JM Financial ARC was the sole bidder and its initial offer of Rs 4,950 crore in April was rejected by the committee of creditors of Alok Industries on the grounds that it was too low.


Mail Today Bureau
June 23, 2018
Adani Wilmar has put in a Rs 6,000 crore bid for Ruchi Soya vs Patanjal's Rs 5,700 crore. Patanjali has not moved a counter bid under the Swiss system of auction as it claims that Adani Wilmar is not eligible to participate in the bidding for Ruchi Soya.


BusinessToday.In
June 18, 2018
NCLT's only success stories so far have seen banks taking a significant hair-cut and settling for recovery of Rs 50,000 crore.


Nevin John
New Delhi, June 16, 2018
Under the Insolvency and Bankruptcy Code, the sale process has almost been completed in three cases -- Bhushan Steel, Electrosteel Steels and Monnet Ispat and Energy. There is less clarity in the other cases when the 270 day timeframe for resolution ends around now.


BusinessToday.In
New Delhi, June 14, 2018
Private lender ICICI Bank has dragged infrastructure major Punj Lloyd to National Company Law Tribunal (NCLT) seeking insolvency proceedings against the company under Insolvency and Bankruptcy Code (IBC).


BusinessToday.In
New Delhi, June 14, 2018
Technically, a bad bank is an Asset Reconstruction Company (ARC). Once it is formed, banks divide its assets into two categories -- one with non-performing assets and other risky liabilities and the other with healthy assets, which help banks grow financially.


Anand Adhikari
New Delhi, June 12, 2018
The bankers are not very happy with IBC as resolutions are resulting in huge hair cuts. The IBC will take time to emerge as a value maximiser for banks as they are already facing too many issues on many fronts.


BusinessToday.In
New Delhi, June 12, 2018
Of this amount, SBI hopes to recover around Rs 30,000 crore just from the cases with the National Company Law Tribunal


Shreya Das
New Delhi, June 11, 2018
For a long time, becoming bankrupt came with a stigma attached to it. However, companies are no longer shying away from coming forward on their own, more than ever before, to embrace liquidation since the inception of  the Insolvency and Bankruptcy Code (IBC) 2016.


Rajeev Dubey
New Delhi, June 11, 2018
A bad bank will not solve the rot in the banking system and it's a bad idea in India's context right now. Else, we'll need a bad bank every 10 years.


PTI
June 11, 2018



Dipak Mondal
New Delhi, June 11, 2018
After Tata Steel successfully bid for Bhushan Steel under the Insolvency and Bankruptcy Code by paying Rs 35,000 crore -- or 78% of the total dues of Rs 45,000 crore -- many believed that the resolution was just a flash in the pan.


Nevin John
New Delhi, June 11, 2018
He has been buying stressed assets across the world for the last five years. Now NRI Sanjeev Gupta has turned to India. Who is this man and will he succeed?


Anand Adhikari
New Delhi, June 11, 2018
The bankruptcy proceedings would force Indian banks to book heavy losses. They are now focussed on mini- mising the damage


Prosenjit Datta
New Delhi, June 11, 2018
In a freewheeling interview with Prosenjit Datta, he talks about how GST has helped his textile business, the philosophy behind the brand strategy, why he did not diversify into newer areas, the future of textiles and the Arvind Group, and finally, what he sees as the role of the promoter of a business vis-a-vis the role of professionals.


BusinessToday.In
June 11, 2018
Currently, the Central bank has put 11 out of 27 public sector banks or PSBs  - which together account for three-fourth of the banking assets - under the PCA framework. Among the banks that could be put under the RBI's PCA framework are Punjab National Bank, Union Bank of India and Syndicate Bank.


PTI
New Delhi, June 9, 2018
From the two stressed assets' list referred for resolution under IBC by the Reserve Bank of India, the bank's total exposure was around Rs 78,000 crore. The bank had filed 250 cases under IBC with a total exposure of Rs 95,000 crore.


PTI
New Delhi, June 9, 2018
The data available with the BSE shows that 75 firms, including Bhushan Steel, Jaypee Infratech, Electrosteel Steels, Monnet Ispat & Energy, are undergoing insolvency process as per the Insolvency and Bankruptcy Code (IBC).


PTI
June 9, 2018



BusinessToday.In
June 9, 2018
Finance Minister Piyush Goyal on Friday said that the committee will make recommendations on setting up of an asset reconstruction or asset management company for faster resolution of stressed accounts, and most of the stressed assets have been identified that could fit into the ARC or AMC structure.


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