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Total 813 results found. Search for [ insolvency ]

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BusinessToday.In
June 26, 2018
A week after he became the first person to be tried under India's new Fugitive Economic Offenders Ordinance, the former King of Good Times Vijay Mallya took to Twitter this afternoon to put forth his side of things.


BusinessToday.In
June 26, 2018
In a detailed five-page statement, the beleaguered tycoon claimed that despite making two public offers to settle the pending dues of Kingfisher Airlines, the ED has objected to sale of assets to repay KFA creditors which include public sector banks.


Mail Today Bureau
June 26, 2018
To be eligible for listing, a company needs to have a pre-issue paid up equity share capital of a minimum of Rs 1 crore. The company should be in existence for a minimum period of three years on the date of filing the draft prospectus with BSE.


BusinessToday.In
New Delhi, June 23, 2018
RIL-JM Financial ARC was the sole bidder and its initial offer of Rs 4,950 crore in April was rejected by the committee of creditors of Alok Industries on the grounds that it was too low.


Mail Today Bureau
June 23, 2018
Adani Wilmar has put in a Rs 6,000 crore bid for Ruchi Soya vs Patanjal's Rs 5,700 crore. Patanjali has not moved a counter bid under the Swiss system of auction as it claims that Adani Wilmar is not eligible to participate in the bidding for Ruchi Soya.


PTI
New Delhi, June 22, 2018
While Phase-I of the power project is operating with limited gas supplies, Phase II and III are not producing any power due to lack of gas supplies.


BusinessToday.In
June 22, 2018
Back in February, when the Reserve Bank of India introduced its revised framework for resolution of stressed assets, the banking sector and beleaguered companies alike were left shaking.


PTI
June 19, 2018
Patanjali was to submit its revised bid under the Swiss Challenge system by June 16. But it has not yet submitted improved bid to match or better the highest offer of Rs 6,000 crore by Adani Wilmar.


BusinessToday.In
New Delhi, June 18, 2018
According to Jaitley, the 7.7 per cent economic growth in the fourth quarter of 2017-18 'firmly' established India as the fastest growing major economy in the world and the trend is \"likely to continue for the next few years\".


BusinessToday.In
June 18, 2018
NCLT's only success stories so far have seen banks taking a significant hair-cut and settling for recovery of Rs 50,000 crore.


BusinessToday.In
June 18, 2018
Patanjali had the chance to match the offer by June 16 under the Swiss Challenge method. But reports suggest that Patanjali has not revised its offer of Rs 5,700 crore, therefore paving way for Adani Wilmar to takeover Ruchi Soya.


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
New Delhi, June 15, 2018
Of the total NPA write-offs in 2017-18, India's biggest public sector bank SBI alone wrote-off around 25 per cent of the total bad loans at Rs 40,196 crore.


BusinessToday.In
New Delhi, June 14, 2018
Private lender ICICI Bank has dragged infrastructure major Punj Lloyd to National Company Law Tribunal (NCLT) seeking insolvency proceedings against the company under Insolvency and Bankruptcy Code (IBC).


PTI
June 13, 2018



BusinessToday.In
June 13, 2018
Earlier, it was reported that the creditors committee was not happy with the initial bids where Patanjali was the top bidder with an offer of around Rs 4,300 crore followed by Adani at Rs 3,300 crore.


BusinessToday.In
June 13, 2018
Billionaire Gautam Adani's group company has offered about Rs 6,000 crore to emerge as the highest bidder for acquisition of bankruptcy-hit edible oil firm Ruchi Soya, media reports said.


Anand Adhikari
New Delhi, June 12, 2018
The bankers are not very happy with IBC as resolutions are resulting in huge hair cuts. The IBC will take time to emerge as a value maximiser for banks as they are already facing too many issues on many fronts.


BusinessToday.In
New Delhi, June 12, 2018
Videocon Industries, which was admitted by the NCL for insolvency proceedings last week, owes a consortium of banks led by the State Bank of India around Rs 39,000 crore


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