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Total 135 results found. Search for [ resolution proceedings ]

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BT Online
September 11, 2017
The apex court also asked the NCLT-appointed interim resolution professional (IRP) to take over the management of Jaypee Infratech and submit a plan to protect the interests of homebuyers and creditors within 45 days.


PTI
September 11, 2017
The Supreme Court today directed the embattled real estate firm Jaypee associates to deposit Rs 2000 crore by October 27 with its registry and asked the NCLT- appointed interim resolution professional (IRP) to take over its management and work out a plan to protect the interests of homebuyers and creditors.


Archana Tewary and Aastha Srivastava
New Delhi, September 5, 2017
The Ministry of Corporate Affairs on June 29, 2017 came out with an important clarification bringing an end to the uncertainty over proceedings for voluntary winding up initiated under the Companies Act, 1956


PTI
September 5, 2017
The National Company Law Tribunal (NCLT) has admitted a petition of Bank of Baroda against Amrapali Silicon City, real estate major Amrapali group company, on loan default.


BT Online
September 5, 2017
IDBI Bank, the largest creditor of Jaypee Infratech Ltd and the leader of the consortium of lenders to the Jaypee Group, moved Supreme Court on Tuesday to restore the insolvency proceedings against the real estate company a day after SC stayed the National Company Law Tribunal (NCLT) order.


BT Online
September 4, 2017
The Supreme Court on Monday stayed an order passed by the Allahabad bench of the National Company Law Tribunal (NCLT) on Jaypee Infratech. The Allahabad bench of the tribunal had accepted IDBI Bank's plea and classified Jaypee Infratech as insolvent.


BT Online
New Delhi, August 30, 2017
The Central bank wrote a letter in which it said that these accounts should first be resolved through any of RBI's schemes before December 13.


PTI
New Delhi, August 17, 2017
The reforms have come when a large number of flat buyers have been left in the lurch, especially in Delhi-NCR due to delay in deliveries amid developers citing fund crunch.


PTI
New Delhi, August 17, 2017
The relaxation will be subject to certain conditions, including shareholders' approval of the stake acquisition by way of special resolution. The Sebi decision comes against the backdrop of the government and the Reserve Bank of India stepping up efforts to tackle the menace of bad loans, amounting to over Rs 8 lakh crore.


PTI
August 16, 2017
Finance Minister Arun Jaitley today said the government has full sympathy with the agitating Noida homebuyers and they can seek relief under the insolvency law.


Anand Adhikari
Delhi, August 4, 2017
Insolvency professionals backed by banks are taking over the headquarters of some of the biggest corporate defaulters. Their success will be key to solvingthe NPA problem.


PTI
New Delhi, August 3, 2017
The Banking Regulation (Amendment) Bill, 2017, passed by a voice note in Lok Sabha, seeks to amend the Banking Regulation Act, 1949 and replace the Banking Regulation (Amendment) Ordinance, 2017 promulgated in May.


By Anand Adhikari and Nevin John
Delhi, July 26, 2017
A closer look at whats in store for the 12 largest corporate defaulters.


PTI
New Delhi, July 5, 2017
Essar Steel has moved the Gujarat High Court against insolvency proceedings initiated by the banks on the direction of the Reserve Bank (RBI).


By Anand Adhikari
Delhi, June 24, 2017
The RBIs fast track bankruptcy process across a dozen large stressed corporates will either see a resolution or liquidation in the next 180 days. Heres how things would unfold.


Mail Today Bureau
Mumbai, June 22, 2017
Capital markets watchdog Sebi steps in to facilitate the restructuring of listed companies with stressed assets which will make it easier for banks to resolve the Rs 8-lakh crore bad loans crisis.


PTI
New Delhi, June 21, 2017
Markets regulator Sebi today relaxed norms for stake purchase in distressed listed companies by lenders, exempting them from making open offers for shareholders.


PTI
New Delhi, June 19, 2017
Moody's Investors Service today said the initiation of insolvency proceedings on 12 large loan defaulters is credit positive for Indian banks as it will improve their overall asset quality.


Anand Adhikari
Mumbai, June 16, 2017
The interest rate hike in the world's largest economy has implications for emerging economies like India. Here are five possible ways it can impact the country going forward.


PTI
Mumbai, June 14, 2017
Clamping down on bad loans, the Reserve Bank of India on Tuesday identified 12 accounts for insolvency proceedings with each of them having over Rs 5,000 crore of outstanding loans, accounting for 25 per cent of total NPAs of banks.


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