Billionaire Ajay Piramal's Piramal Group has emerged as the preferred bidder for debt-laden mortgage lender DHFL

The enactment of the Insolvency and Bankruptcy Code in 2016, (IBC) along with RERA ushered in a new era of regulation for the Indian real estate sector. Both these reforms strengthened the hand of homebuyers, giving them alternate forums to get justice

Aravali Power Company Pvt Ltd and Indraprastha Power Generation have slapped separate payment notices on BSES Rajdhani Power and BSES Yamuna Power for defaulting on payments for the electricity

Bad banks as a concept works efficiently when the domestic debt market is deep and the number of market participants is wide enough to allow sufficient price-discovery and market-making

Top-down reforms since the demonetisation of 2016 have already derailed the economy and brought misery to millions, yet the great zeal to do more of the same amidst protests from several segments of population demonstrate that the intent is far from public welfare

Multiple factors are responsible for this; some are well-known, like data fudging and man-made disasters of demonetisation, GST, and stringent lockdown; others are lost sight of, like lack of institutional support and intellectual rigour and frivolous approach to serious crisis

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

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

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

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

AGR hearing today: The Supreme Court has said the telecom companies have to pay 10 per cent of total pending dues upfront

Justice Arun Mishra-led three-judge bench will pronounce its judgment on adjusted gross revenue (AGR) case at 11:30 am on September 1

United Breweries Holdings Ltd. (UBHL), on Thursday, moved the Supreme Court against the Karnataka High Court's March 6 order that upheld the winding-up ruling passed in February 2018 as the company failed to pay admitted liabilities to its creditors

Court asks Ambani not to dispose of or transfer any of his assets; says insolvency against him should continue as before and that liabilities as personal guarantor can also be examined during resolution process

Anil Ambani bankruptcy: Anil Ambani's companies have faced a series of challenges and roadblocks. While some are said to have been brought on by executional shortcomings, some appear to be bad timing

The bench hearing the AGR case has outlined three areas on which it would pass the judgement, and the next few days, particularly before September 2, are going to be pretty intense for the entire sector

Department of Telecommunications told the Supreme Court today that the guidelines mandate that all liabilities including AGR-related dues should be cleared by telecom firms prior to spectrum trading

The NCLT order directing appointment of the resolution professional does not constitute an admission of SBI's insolvency application by the tribunal, a spokesperson for Anil Ambani said