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September 11, 2017
The Supreme Court today directed the embattled real estate firm Jaypee associates to deposit Rs 2000 crore by October 27 with its registry and asked the NCLT- appointed interim resolution professional (IRP) to take over its management and work out a plan to protect the interests of homebuyers and creditors.

September 5, 2017
The National Company Law Tribunal (NCLT) has admitted a petition of Bank of Baroda against Amrapali Silicon City, real estate major Amrapali group company, on loan default.

BT Online
September 5, 2017
IDBI Bank, the largest creditor of Jaypee Infratech Ltd and the leader of the consortium of lenders to the Jaypee Group, moved Supreme Court on Tuesday to restore the insolvency proceedings against the real estate company a day after SC stayed the National Company Law Tribunal (NCLT) order.

BT Online
New Delhi, August 30, 2017
The Central bank wrote a letter in which it said that these accounts should first be resolved through any of RBI's schemes before December 13.

New Delhi, August 19, 2017
Explaining the rationale for the new insolvency and bankruptcy code , Jaitley said, this was necessitated by the failure of debt recovery tribunals to effectively perform their duty after the initial success.

New Delhi, August 17, 2017
The reforms have come when a large number of flat buyers have been left in the lurch, especially in Delhi-NCR due to delay in deliveries amid developers citing fund crunch.

BT Online
New Delhi, August 15, 2017
Jaypee Infratech is among the top 12 corporate defaulters, which includes Bhusha Steel, Lacro Infratech among others, that the  banks have decided to crack down on. In the case of Jaypee Infratech, about 32,000 people have booked flats but just over 5,500 have received possession.

BT Online
August 10, 2017
The National Company Law Tribunal (NCLT) on Wednesday admitted insolvency proceedings against Jaypee Infratech Ltd. The Allahabad bench of the tribunal accepted IDBI Bank's plea and classified Jaypee Infratech as insolvent.

Anand Adhikari
Delhi, August 4, 2017
Insolvency professionals backed by banks are taking over the headquarters of some of the biggest corporate defaulters. Their success will be key to solvingthe NPA problem.

July 26, 2017
The National Company Law Tribunal on Wednesday allowed banks to initiate insolvency proceedings against Bhushan Steel and another firm, Bhushan Steel and Power.

Team BT
July 22, 2017
The noose tightens around 12 big corporate defaulters as bankers invoke bankruptcy proceedings for quick redressal.

New Delhi, July 5, 2017
Essar Steel has moved the Gujarat High Court against insolvency proceedings initiated by the banks on the direction of the Reserve Bank (RBI).

BT Online
June 23, 2017
The three steel firms have to repay loans worth nearly Rs 1 lakh crore to the lenders.

New Delhi, June 23, 2017
The decision was taken at a marathon meeting chaired by the SBI. While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore.

New Delhi, June 19, 2017
Moody's Investors Service today said the initiation of insolvency proceedings on 12 large loan defaulters is credit positive for Indian banks as it will improve their overall asset quality.

Mumbai, June 14, 2017
Clamping down on bad loans, the Reserve Bank of India on Tuesday identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 crore of outstanding loans, accounting for 25 per cent of total NPAs of banks.

Sunil Kanoria
NA, April 15, 2017
Decisive and swift action in the form of systemic reforms is needed to deal not only with the stock of existing NPAs but also to arrest their creation

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