ArcelorMittal has arranged the entire fund and is likely to transfer the amount by Monday; after the payment to the lenders, this will be the single-biggest recovery under the IBC

Shares of UCO Bank and Corporation Bank rallied up to 18 per cent in early deals on Friday amid reports that creditors to the bankrupt firm would receive payment soon

More tribunals, more resolution professionals, a higher threshold for the default process to set in from the current level of Rs 1 lakh and streamlining of the appeal process to cut down delays are needed to make the Insolvency and Bankruptcy Code (IBC) more efficient

Amendment to IBC: The cabinet is expected to approve significant changes to the insolvency and bankruptcy code (IBC) at the earliest to safeguard the companies taking over the broke businesses from prosecution for financial crimes by the outgoing promoters

As many as 13 banks and over 23,000 homebuyers have voting rights in the Committee of Creditors. For a bid to be approved, 66 per cent votes are required

As against the admitted claims of secured financial creditors of Rs 9,783 crore, Suraksha and NBCC are offering repayment of only 62 per cent of their outstanding dues despite the liquidation value of the company being around Rs 13,000 crore

Rajeev Singhal, MD, Tata Steel BSL, says that the results of financial year 2018-19 are a testimony to the overall improvement the company has been able to achieve in a short period of time

The company's consolidated losses widened to Rs 7,474 crore during 2018-19 compared to a loss of Rs 6,554 crore a year ago

Stocks in the news: Bharti Airtel, Ashok Leyland, IL&FS, Artson Engineering, Vaibhav Global, TTK Prestige, Canara Bank, Tata Power and other stocks will remain in focus on Thursday's trading session

Jaypee Infratech, a subsidiary of crisis-hit Jaiprakash Associates, went into insolvency process in August 2017 after the NCLT admitted an application by an IDBI Bank-led consortium

YES Bank share price was the top loser on both Sensex and Nifty today.

Chandrayaan 2: NASA finds ISRO's Vikram lander on Moon, releases images of debrisA NASA satellite has finally found ISRO's Vikram lander over two months after it crash-landed on Moon's surface. \"The Chandrayaan 2 Vikram lander has been found by our @NASAMoon mission, the Lunar Reconnaissance Orbiter,\" confirmed the US space agency. The images released by NASA show the Vikram lander impact point and associated debris field. \"Green dots indicate spacecraft debris. Blue dots locat...

DHFL owes close to Rs 1 lakh crore to the system, mostly to banks and retail investors of its debt instruments

Reliance Industries stock will remain in focus as RIL is seen as a major beneficiary after Jio announced tariff hike on Sunday.

Insolvency and Bankruptcy Rules of 2019 would help but more needs to be done: tighter RBI control and supervision, infusion of long-term funds (including capital) and reduction in mismatch in assets and liabilities

Ruchi Soya told the NCLT that resolution applicant Patanjali group will infuse Rs 204.75 crore as equity and Rs 3,233.36 crore as debt

The telecom arm of Reliance Industries has placed the highest bidder of around Rs 3,600 crore for mobile tower and optical fibre assets of Reliance Infratel. Reliance Jio did not bid for RCom spectrum

DHFL is one of the biggest defaulters in the country that owes over Rs 1 lakh crore (over $14 billion) to its debtors

The SENSEX has been sailing above the 40,000 level. But the rally is not broad-based

Warning signs are becoming more apparent - employment is down, consumption is falling, capital formation is at a low...