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Total 696 results found. Search for [ NCLT ]

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BusinessToday.in
New Delhi, December 11, 2017
Arun Jaitley today announced that the government will \"fully protect\" the deposits made by customers, and even hinted at a willingness to consider changes in the proposed Bill.


BusinessToday.in
December 11, 2017
The NCLT on Friday suspended all the eight directors of Unitech and allowed the government to appoint 10 nominee directors to take over the real estate firm.


Nevin John
New Delhi, December 11, 2017
Corporate czars are looking to acquire stressed assets of India's dozen big defaulters. A look at what that means for industry and banks.


Anand Adhikari
New Delhi, December 11, 2017
The government has set in motion the process to build an institutional framework for dealing with bankruptcy of banks and insurance companies, akin to the newly operational bankruptcy code for the corporate sector.


PTI
December 11, 2017



Anand Adhikari
New Delhi, December 11, 2017
Under the new FRDI Bill, depositors are treated like unsecured creditors, and stands at fifth position in the queue in the waterfall mechanism for distribution of whatever is left in the bank in case of a collapse.


BusinessToday.in
New Delhi, December 8, 2017
The government asked the bankruptcy court to suspend the company's board of directors and its chief financial officer under the Companies Act, 2013.


Nevin John
December 6, 2017
Anil Ambani's Reliance Communications (RCom) had warnings from many quarters when it took loans from Chinese banks.


Anand Adhikari
New Delhi, December 5, 2017
Corporate lawyer Shardul Shroff, who is also executive chairman of  Shardul Amarchand Mangaldas, sheds light on some of the issues that are still in the minds of bidders, bankers and promoters


Dipak Mondal
New Delhi, December 1, 2017
According to the corporate affairs ministry, the Serious Fraud Investigation Office (SFIO) is investigating 18 companies found to have deposited above Rs 100 crore and 39 companies found have deposited between Rs 25 crore and Rs 100 crore.


Prosenjit Datta
New Delhi, November 29, 2017
Politically, it makes sense to try and make sure that people who take huge loans, get the banks into trouble by defaulting, and mismanage do not get too many chances to hold on to their companies and assets at the cost of their lenders taking a steep haircut.


Mail Today Bureau
November 29, 2017
The move is aimed at reducing the debt burden of the company. The transaction will help reduce the liability of unsecured creditors, benefiting all stakeholders, including lenders and shareholders of RCom, the company said.


Nevin John
New Delhi, November 28, 2017
China Development Bank (CDB) filed an insolvency petition on 24 November against Reliance Communications to recover its loan of $1.78 billion (Rs 11,460 crore), according to media reports.


BT Online
New Delhi, November 28, 2017
Reliance Communications owes Rs 11,460 crore ($1.78 billion) to the CDB, which accounts for around 37 per cent of the company's Rs 45,000 crore debt.


Nevin John
November 27, 2017
The central government on Wednesday revised the Insolvency and Bankruptcy Code (IBC), preventing wilful defaulters, dubious promoters and those involved in fraudulent transactions from bidding for stressed assets. 


BT Online
New Delhi, November 23, 2017
On the question of whether he is satisfied with the current amendments, Kumar said, \"I will be happy when the resolution happens. I don't mind some haircut but I don't want to be bald.\"


BT Online
New Delhi, November 23, 2017
In addition to restrict such persons from participating in the resolution or liquidation process, the amendment also provides such check by specifying that the Committee of Creditors ensure the viability and feasibility of the resolution plan before approving it.


BT Online
New Delhi, November 22, 2017
The Code, which became operational in December last year, provides for a market-determined and time-bound insolvency resolution process. It is implemented by the corporate affairs ministry


BT Online
New Delhi, November 22, 2017
The company is facing insolvency proceedings for not being able to payback more than Rs 2,000 crore to homebuyers.


Abir Roy
New Delhi, November 13, 2017
We are at the stage wherein some resolution plan would come up for approval from NCLT, and it would be interesting to watch the space going forward.


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