The GVK Group is taking a host of debt reduction measures even as it tries to look at growth options in the airports business.

The National Company Law Tribunal directed the resolution professional of Era Infrastructure to admit ICICI Bank as a financial creditor under the insolvency proceedings

RBI is an outlier among its peers as it is keeping close to 28 per cent of its balancesheet in the reserves, against an 8.4 per cent global average, Subramanian writes in a soon-to-be-published book 'Of Counsel: The Challenges of the Modi-Jaitley Economy'.

Good for creditors because Ultratechs bid price is Rs 1,019 crore higher than Dalmia Bharats Rs 6,932 crore.

Section 29A of IBC bars promoters from bidding for their business once insolvency proceedings start against their company.

Last week, the RBI in its central board meeting decided the issue of banks under Prompt Corrective Action (PCA) will be examined by Board for Financial Supervision (BFS) of the central bank.

More than 9,000 cases have come for redressal under the Insolvency and Bankruptcy Code (IBC), which became fully operational in December 2016.