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Total 36 results found. Search for [ bankruptcy court deadline ]

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BusinessToday.In
New Delhi, November 13, 2018
Only four of these cases have been successfully resolved so far, while seven cases remain unresolved even after more than 450 days of being admitted by the NCLT.


BusinessToday.in
New Delhi, October 4, 2018
The Supreme Court allowed ArcelorMittal and Numetal to submit fresh bids for Essar Steel provided they clear their NPA dues in two weeks.


BusinessToday.In
September 12, 2018
Defaulting companies in the power sector as well as some sugar, shipping and textile companies that had seemed destined for bankruptcy court under the RBI's new norms on stressed assets got a last-minute breather from the Supreme Court yesterday.


BusinessToday.In
New Delhi, September 11, 2018
Numetal's first bid was rejected due to the 25% share owned by Rewant Ruia, the son of Essar Steel founder Ravi Ruia, since he was deemed a related party. JSW Steel bought out this contentious stake ahead of the second bidding round


BusinessToday.In
New Delhi, September 7, 2018
Uber in talks with Indian regulators to understand modalities of aerial taxisRide-hailing app Uber, which is considering India among five global locations for its futuristic aerial taxi service, said it is in talks with regulators in the country to gauge the modalities and constraints of offering such a service. Last week, the Softbank-backed Uber had said it is considering India along with countries like Japan and France to be a part of Uber Elevate -- its aerial taxi service tha...


Anilesh S Mahajan
New Delhi, August 30, 2018
Other than convincing the RBI and bankers to back the road projects, Jaitley will also have to work with the central bank to develop financial institutions.


BusinessToday.In
New Delhi, August 27, 2018
Amazon plans to invest $700 mn in the Future GroupJeff Bezos-led Amazon in India has begun formal negotiations with Kishore Biyani's Future Group to invest around $600-700 million for a 12 to 15 per cent stake in the retail major as reported by the Business Standard. The two entities have signed a term sheet to take the talks further, sources said. This denotes the two sides have officially entered a pact. If the deal materialises it will most likely be a combination of cash and...


Mail Today Bureau
August 27, 2018
The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days.  The circular came into effect on March 1 and the 180-day deadline concludes on August 27.


PTI
August 26, 2018
The RBI circular asks banks to identify projects with even a day's default as stressed assets, and conclude resolution proceedings in 180 days. The circular came into effect on March 1 and the 180-day deadline concludes on August 27.


Anand Adhikari
New Delhi, August 6, 2018
It has not given bankers the realisations they had hoped for. Now the government has unveiled a new approach even while they are modifying the act.


BusinessToday.In
New Delhi, July 25, 2018
A Boston Consulting Group report reveals that economies like US, UK, Singapore, Hong Kong, Germany and Japan have a recovery rate of 80% and a resolution time frame of under one-and-half years. India has posted a sub-par recovery rate of 26.4% and an average resolution time of 4.3 years.


Nevin John
New Delhi, June 16, 2018
Under the Insolvency and Bankruptcy Code, the sale process has almost been completed in three cases -- Bhushan Steel, Electrosteel Steels and Monnet Ispat and Energy. There is less clarity in the other cases when the 270 day timeframe for resolution ends around now.


BusinessToday.In
New Delhi, June 15, 2018
JAL has pleaded in the apex court that it wants to revive the debt-ridden subsidiary Jaypee Infra, which will also be in the interest of homebuyers.


BusinessToday.In
May 8, 2018
The choice facing the Committee of Creditors (CoC) of the beleaguered Jaypee Infratech Ltd (JIL) today is reportedly between a haircut of Rs 230 crore and one of Rs 2,800 crore, and the ball will likely be passed to the Supreme Court.


Nevin John
April 20, 2018
It's tough to conclude the resolution process in at least half of the 12 big loan defaulters within the 270 days time frame allowed under the Insolvency and Bankruptcy Code (IBC).


BusinessToday.In
New Delhi, April 20, 2018
Both the petitioners, Numetal and ArcelorMittal, welcomed the verdict for the prize is a big one, despite the fact that Essar Steel boasts the third biggest debt pile (over Rs 44,000 crore) among the initial 12 companies identified by the RBI for insolvency proceedings.


BusinessToday.In
New Delhi, April 13, 2018
UltraTech's board had earlier agreed to issue a 'comfort letter' to provide the above-mentioned amount in return for 98.43 per cent stake in Binani Cement provided the company came out of insolvency proceedings.


BusinessToday.In
New Delhi, April 10, 2018
Lenders of Binani Cement are meanwhile looking forward to April 13, when the Supreme Court is scheduled to hear Binani Industries' petition.


BusinessToday.In
New Delhi, April 2, 2018
Tightening the noose further, the document states that trusts and the beneficiaries of such trusts will be considered as related parties.


BusinessToday.In
New Delhi, March 28, 2018
Three days ago, the big news in the Nirav Modi-Punjab National Bank drama was that the Ministry of Corporate Affairs was mulling legal options to try to stall Firestar Diamond's bankruptcy proceedings in the US.


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