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Total 132 results found. Search for [ haircut ]

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Anand Adhikari
New Delhi, May 8, 2018
Kolkata-based Electrosteel Steels Limited, with debt of Rs 14,000 crore plus, recently became the first company from the dozen large distressed cases shortlisted by the Reserve Bank of India to exit from the Insolvency and Bankruptcy Code (IBC).

May 2, 2018

May 3, 2018
The protracted battle to acquire Binani Cement is set for another showdown. The Kolkata bench of the National Company Law Tribunal (NCLT) on Wednesday asked the committee of creditors (CoC) of Binani Cement to evaluate a revised offer by UltraTech Cement Ltd.

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).

Dipak Mondal
April 17, 2018
The National Company Law Tribunal (NCLT) has approved Vedanta's resolution plan for Electrosteel Steels, one of the 12 large corporate defaulters referred to it by the Reserve Bank of India (RBI).

April 16, 2018
RIL-JM Financial ARC was the sole bidder and its initial offer of Rs 4,950 crore on April 12 had reportedly been rejected by 30 per cent of the CoC on the grounds that it was too low.

April 16, 2018
Days after Supreme Court refused to allow out-of-court deal for debt-laden Binani Industries, Aditya Birla Group's UltraTech Cement has sweetened its offer by another Rs 700 crore to Rs 7,990 crore.

Sumant Banerji
April 13, 2018
The committee of creditors of troubled domestic auto parts maker Amtek Auto on Thursday approved the resolution plan submitted by Liberty House, clearing the decks for the acquisition by the Sanjeev Gupta-led global industrial group GFG Alliance.

New Delhi, April 2, 2018
Abhishek Dalmia-led Renaissance Steel India today reportedly said that it will move the bankruptcy court, again, challenging the beleaguered firm's Committee of Creditors' (CoC) decision.

New Delhi, March 15, 2018
The Dalmia Bharat-Bain Piramal Resurgence Fund consortium moved a step closer towards acquiring Binani Cement.
March 7, 2018
UltraTech Cement approached the bankruptcy court questioning the rejection of its bid for Binani Cement Ltd.

Dipak Mondal
New Delhi, March 5, 2018
The cases of non-performing assets (NPAs) which have been referred to the National Company Law Tribunal (NCLT) for resolution under the Insolvency and Bankruptcy Code (IBC) may see bidders demanding 60% haircut on an average, says a report by rating agency CRISILl.
New Delhi, February 23, 2018
There were five others in the race, including the Adani group, Jieyang Zhonguci, a real estate firm from China and Deutsche Bank.

Nevin John
February 8, 2018
The Committee of creditors are evaluating all the proposals and contemplating the options of taking more participations to fetch better value for the stressed asset.

Hari Hara Mishra
New Delhi, February 4, 2018
With growing stress in balance sheets of stressed companies and that of large banks, role of Asset Reconstruction Companies (ARCs)- envisaged as an institutional response to tackle growing NPAs-  have come into sharper focus.

February 1, 2018
January 25, 2018
Former RBI governor Raghuram Rajan is not known to hold back his punches. And defaulting promoters are a pet target of his. He has said it many times before, and he's just said it again in Davos: Promoters of companies that go belly-up have to face strong consequences.

January 24, 2018

Nevin John
New Delhi, January 16, 2018
The 11.25 million tonne (MT) Binani Cement, which is facing insolvency proceedings in the National Company Law Tribunal (NCLT), had an outstanding debt of Rs 3,608 crore at the end of the last financial year.

Anand Adhikari
New Delhi, January 9, 2018
In the last six months, many of the over-leveraged companies referred to the newly introduced bankruptcy code are witnessing a surge in their share prices on the stock exchanges.

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