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Total 333 results found. Search for [ resolution proceedings ]

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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.


PTI
New Delhi, August 24, 2018
There are about 34 stressed power projects and the combined value of their outstanding loans is about Rs 1.74 lakh crore.


PTI
New Delhi, August 22, 2018
This missive comes in the light of arrest of Bhushan Steels erstwhile promoter Neeraj Singal by the Serious Fraud Investigation Office (SFIO) for allegedly siphoning off funds.


PTI
August 10, 2018
The appellate tribunal also rejected the claims of engineering and construction major L&T, an operational creditor of Bhushan Steel Ltd, opposing Tata Steel's resolution plan seeking a higher priority in debt resettlement.


BusinessToday.In
August 9, 2018
The Supreme Court today asked the Allahabad bench of the NCLT to deal with the insolvency proceedings against Jaypee Infratech, allowing a second round of bidding.


PTI
New Delhi, August 8, 2018
Bhushan Power and Steel owes about Rs 45,000 crore to its lenders and it was among the 12 non-performing accounts referred by the Reserve Bank of India for insolvency proceedings in June last year.


Dipak Mondal
New Delhi, August 6, 2018
The Insolvency and Bankruptcy Code can lead to huge job losses in the short to medium term as many companies, including some big names, face liquidation.


Joe C Mathew
New Delhi, July 27, 2018
The introduction of the GST and enactment of Insolvency and Bankruptcy Code are considered to be the two key parameters where India made significant progress during 2017/18, say commerce ministry officials.


BusinessToday.in
New Delhi, July 24, 2018
The Centre has told the SC that the proceedings of cases being heard by the Constitution bench and the CJI can be live-streamed as pilots; India's largest banks and financial institutions have entered into an inter-creditor agreement to fast-track resolution of stressed loans; the Centre's inability to explain the difference between the UPA pricing of the Rafale deal and the NDA pricing of the Rafale deal is most surprising. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.


Prosenjit Datta
New Delhi, July 19, 2018
The true extent of the NPA problem only started becoming clear once then RBI governor Raghuram Rajan initiated the Asset Quality Review (AQR) in 2015


PTI
New Delhi, July 17, 2018
Counsel appearing for the consortium of banks and FIs tells the apex court that Jaiprakash Associates Limited and Jaypee Infratech Ltd are separate legal entities, and if JAL is forced to pay for JIL then it will have adverse impact on JAL.


Anand Adhikari
New Delhi, July 9, 2018
The government's latest formula to heal a system staggering under Rs 14 lakh crore debt is essentially bank driven, and comes two years after the path-breaking bankruptcy code.


Anand Adhikari
July 3, 2018
The BJP-led NDA Government has pulled a rabbit out of their hat by announcing a slew of initiatives aimed at avoiding the bankruptcy proceedings for banks as well as defaulting promoters.


PTI
New Delhi, June 28, 2018
Alok Industries is one of the 12 companies, the so-called dirty dozen', identified by the Reserve Bank of India in May last year for initiating bankruptcy proceedings by lenders


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.


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