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Total 1390 results found. Search for [ insolvency resolution ]

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Anand Adhikari
New Delhi, June 17, 2021
The five-year-old game-changing insolvency and bankruptcy code (IBC), which deals with corporate insolvency, resolution, and restructuring, is often criticized for bad implementation, several amendments, and also a very low loan recovery for financial creditors like banks. But is it fair to criticize a new law only on a single parameter, which is the low recovery rate? Most of the cases that came in the first five years were the defaulters with unsustainable debt, written off cases and loans where earlier recovery efforts had failed. Some experts have even termed the new code as a place for liquidation than resolution. The strict timelines of 180 days with a maximum of 270 days under the IBC actually got breached by a big margin. The higher cases also happened because of operational creditors using the code for getting their outstanding and disputed claims. Like any other law, the IBC also needs more reforms. The next five years of IBC will be crucial as the next batch of fresh NPAs post-Covid will again test the effectiveness of the code. Also Read: RBI left with limited choices as retail inflation rises: SBI report


Tanya Aneja
June 17, 2021
The share stood at Rs 308.25 on June 17, 2020. It has zoomed to Rs 1,133.75 today, translating into gains of 268 per cent during the period


PTI
June 16, 2021
Talking about fresh insolvency filings after the expiry of the suspension, IBBI Chairperson MS Sahoo says higher threshold of default of Rs 1 crore coupled with support and forbearances limit flow of applications


PTI
June 16, 2021
The bankruptcy tribunal has asked the Insolvency and Bankruptcy Board of India (IBBI) \"to examine this issue in depth\" to ensure that the confidentiality clause is followed without any compromise


PTI
June 16, 2021
NCLT said: \"Therefore, the successful resolution applicant is paying almost nothing and 99.28 per cent hair cut is provided for operational creditors (Hair cut or Tonsure, Total Shave).\"


PTI
June 14, 2021
A day before the start of the voting process, the two contenders NBCC and Suraksha held separate webinars on Sunday with hundreds of homebuyers to explain their resolution plans and address doubts of flat owners


BusinessToday.In
June 12, 2021
Trading in shares of DHFL will be suspended with effect from June 14, 2021 i.e. closing hours of trading on June 11, 2021, NSE said in a circular to its members.


Anand Adhikari
June 11, 2021
The new insolvency and bankruptcy code (IBC) has been often criticised for low recovery rate. But it is a new law and as the law stabilises, there will be more favorable results


PTI
June 10, 2021
State-owned NBCC and Suraksha group are in the fray to acquire the debt-laden realty firm Jaypee Infratech Ltd (JIL) and complete over 20,000 pending flats for homebuyers


BusinessToday.In
June 9, 2021
Twin Star will pay around Rs 500 crore within 90 days as upfront payment and the rest as non-convertible debentures over a period of time


Rashi Bisaria
New Delhi, June 9, 2021
Anil Agarwal's Vedanta to acquire Videocon from insolvencyThe Mumbai bench of the National Company Law Tribunal (NCLT) has approved Vedanta Group's Twin Star Technologies' resolution plan for beleaguered Videocon Industries Ltd. As per the resolution plan, Twin Star Technologies will pay Rs 2,962 crore against Videocon's total debt of Rs 31,000 crore.Centre caps vaccine prices for private hospitals; Covishield at Rs 780, Covaxin Rs 1,410A day after Prime Minister Narendra Modi said private...


PTI
June 9, 2021
The joint venture company has secured licensing rights for Toys\"R\"Us and Babies\"R\"Us in India through a strategic arrangement with WHP Global - the controlling shareholder of Toys\"R\"Us, a statement said


BusinessToday.In
June 8, 2021
As per the resolution plan, Vedanta Group's Twin Star Technologies will pay Rs 2,962 crore against  Videocon's debt of Rs 31,000 crore. NCLT had allowed insolvency proceedings against Videocon group comprising 13 companies in 2019


BusinessToday.In
June 7, 2021
NCLT said the approval for Piramal Group's offer is subject to final judgement from NCLAT and Supreme Court's judgement on Kapil Wadhawan in the matter.


BusinessToday.In
June 7, 2021
In January, Piramal Capital and Housing Finance Ltd, a subsidiary of Piramal Enterprises Limited, had won a bid for acquiring DHFL. Piramal made Rs 34,250-crore bid to acquire the housing finance company


PTI
June 7, 2021
TSML has been declared as successful resolution applicant by the Committee of Creditors for acquisition of Rohit Ferro-Tech Limited on June 5, 2021, subject to it obtaining necessary regulatory approvals, Tata Steel said


BusinessToday.In
June 6, 2021
The company, which is under corporate insolvency process, posted a profit of Rs 96.75 crore in January-March quarter.


PTI
May 29, 2021
The deadline for submission of the final bids is June 4 and resolution plans should be compliant with insolvency law and a Supreme Court judgement on March 24


BusinessToday.In
May 25, 2021
A vacation bench of NCLAT, comprising of Acting Chairman Justice A I S Cheema and Member Technical V P Singh, stayed the order passed by NCLT.


BusinessToday.In
May 24, 2021
Last week, NCLT had asked the administrator of DHFL, appointed by the Reserve Bank of India (RBI), to place Wadhawan's resolution plan before the CoC.


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