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Total 326 results found. Search for [ Insolvency and Bankruptcy Board of India ]

Results 1 to 21 of 326
February 26, 2021
In November 2019, the Reserve Bank had referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings

Prasanna Mohanty
February 14, 2021
India needs to collect and declare credible data on stressed assets, identify sectors and companies where these are accumulated and be transparent in insolvency resolution before jumping to a new mechanism

Prasanna Mohanty
February 10, 2021
RBI's database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses serious macro-financial risks to the economy

Prasanna Mohanty
February 7, 2021
At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governance continue

Anand Adhikari
February 1, 2021
Budget 2021 news: Currently, the banks have gross NPAs of around 7 per cent which is expected to rise to 15 per cent by September this year if the situation deteriorates

January 22, 2021
Billionaire Ajay Piramal's Piramal Group has emerged as the preferred bidder for debt-laden mortgage lender DHFL

Dipak Mondal
January 19, 2021
The threshold is the requirement that there should be at least 100 allottees or 10 per cent of the total allottees, whichever is less, to support an insolvency application against a real estate project

January 17, 2021
DHFL was the first finance company to be referred to NCLT for insolvency proceedings. Before that, the company's board was superseded and R Subramaniakumar was appointed as the administrator

January 16, 2021
Piramal Enterprises' bid received 94 per cent votes as compared to 45 per cent for the US-based Oaktree Capital

December 31, 2020
To provide relief for entities impacted by the pandemic, the government has suspended fresh proceedings under the Insolvency and Bankruptcy Code (IBC) starting from March 25

Niti Kiran
December 3, 2020
With this, the September quarter witnessed a drop of around 85 per cent compared with the previous year, said a CARE Ratings report. This can be attributed to the suspension of fresh bankruptcy proceedings for COVID-19 defaults

October 21, 2020
Pramod Mittal, the younger brother of UK-based steel magnate Lakshmi Mittal, was declared bankrupt this summer by the Insolvency and Companies Court in London with debts of over 130 million pounds

October 18, 2020
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

Dipak Mondal
October 14, 2020
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

October 5, 2020
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

September 15, 2020
Central Bureau of Investigation has said 38 people involved in financial irregularities with banks fled from India between January 1, 2015, and December 12, 2019, Anurag Thakur said

Rupa Burman Roy
September 7, 2020
Under the top BSE 200 scrips, Vodafone's shares have risen 21% MoM. The stock has gained 65% year-to-date, ranking in the fourth position in top BSE 200 scrips, after Adani Green, Aurobindo Pharma, Divi's Labs and Tata Consumer

September 3, 2020
As per the report prepared by the transaction auditor, the concerned transactions occurred during financial years 2006-2007 to 2018-19, DHFL said in a regulatory filing

Dipak Mondal
August 27, 2020
A draft paper released by the Insolvency and Bankruptcy Board of India (IBBI) has proposed that those assets which are not easily converted into cash during the liquidation process must be distributed among creditors, and the liquidation process closed

August 22, 2020
As per an arrangement negotiated between Kishore Biyani, promoter of Future Group, RIL, and Indian lenders, the banks will have to wait until RIL brings in money to invest in Future Enterprises Ltd (FEL) after three other group firms are merged into it

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