In November last year, the Reserve Bank referred DHFL, the third largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings

Pre-packs are popular in many countries as an alternative to lengthy insolvency processes as they are faster, cheaper and are done with statutory sanctioning

Total global corporate funding recorded a growth of 8 per cent year-over-year in September quarter, however it was 13 per cent lower on annual basis for the first nine months of 2020

In order to ensure timely completion of IBC, out of court settlement needs to be encouraged, and the NCLT, NCLAT infrastructure needs to be strengthened

The key findings of the report by Grant Thornton allude to hundreds of fictitious loan accounts, demand for recoveries amounting to Rs 14,046 crore, and deposits routed through an imaginary entity in Bandra

Era Infra sees no immediate closure even after three years, as litigation and procedural delays slow down the insolvency process

Majority of the claims were submitted by financial creditors having corporate guarantee or charge on shares of special purpose vehicles

The Parliament had recently approved Section 10A under the second amendment to the IBC that allows the government to extend the suspension of insolvency proceedings for up to a year from the date of beginning

Finance Minister Nirmala Sitharaman said that the provisions would, however, not impact proceedings already initiated before March 25. The Centre might extend this six-month period to one year through notification

\"The typical conditions for the birth of a bull market are here: you have a changed country, you have a deep fall in growth and everybody is perplexed by the rise of stocks,\"said Jhunjhunwala

A new research paper by former RBI Governor Raghuram Rajan and former deputy Governor Viral Acharya talks about a range of issues including management of bad loans, winding up of the Financial Services Department in the Finance Ministry and reforms in public sector banks

The bill seeks to replace an ordinance promulgated in this regard in June

She was replying to a debate on the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, in the Rajya Sabha which passed the proposed legislation to replace an ordinance in this regard with voice vote

In June, an ordinance was promulgated to amend the Insolvency and Bankruptcy Code (IBC) whereby fresh insolvency proceedings will not be initiated for at least six months starting from March 25 amid the coronavirus pandemic

Replying to a debate on the Bill in the House, Finance Minister Nirmala Sitharaman said the intention of the IBC is to keep companies a \"going concern\" and not liquidate them

Supreme Court says Delhi High Court can take up issue on October 6 and state-owned lender can also seek removal or modification of stay order

State Bank of India had invoked personal guarantee against Anil Ambani in January 2018 and issued a notice to him. The lender had provided credit facilities of Rs 565 crore and Rs 635 crore to RCom and RITL

Government's plan to infuse Rs 20,000 crore into public sector banks puts no pressure on the Centre, but the lenders have to be ready with enough capital if matters go south

This is Part I of two-part article revisiting critical economic decisions that eventually led to minus 23.9% growth in Q1 of FY21. Blaming exogenous factors (pandemic) or intense lockdown is merely an excuse to divert attention from government's ineptitude and thwart meaningful debate

The recovery for ARCs are getting affected due to deferment or failure of auctions due to unsatisfactory bids or absence of any bidders, default or delay in payment as per the agreed settlement plan