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NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...- SC restores SBI-led lenders' rights in Reliance InfratelThe Supreme Court has reinstated the SBI-led consortium as financial creditors of Reliance Infratel. The consortium is owed ₹3,628 crore. T...
- Vedanta was never declared highest bidder for Jaiprakash Associates: RP to NCLATJaiprakash Associates insolvency proceedings see a dispute over Vedanta's claim as highest bidder. The resolution professional told the NCL...
- CoC cannot alter approved resolution plan, reallocate funds of dissenting creditors: NCLATThe NCLAT has ruled that a Committee of Creditors cannot change a resolution plan's fund distribution for dissenting creditors once it is a...
- IBBI seeks to tighten the noose around guarantors of bankrupt firmsThe Insolvency and Bankruptcy Board of India (IBBI) has proposed changes in the resolution plan process to hold guarantors accountable, fol...
- G20 for urgently, effectively addressing debt vulnerabilities in developing countriesThe leaders of G20 nations have agreed to address debt vulnerabilities in developing countries, including Zambia, Ghana, and Sri Lanka. The...
- NCLT gives Jalan-Kalrock consortium 6 more months to pay & take control of Jet AirwaysThe National Company Law Tribunal (NCLT) on Friday gave Jalan-Kalrock consortium six more months till to make payment and take effective co...
- Reliance Communications’ committee of creditors to meet on ThursdayThe agenda for the meeting was not disclosed in a filing to the stock exchanges. Mails sent to the resolution professional for RCom on the ...
- Jet Airways saga: Jalan Kalrock Consortium writes to monitoring panel's authorised representativeIn the letter on Tuesday, the consortium has also sought a copy of the relevant minutes of the MC meetings in which the matter of CEO-desig...
- Axis Bank, kept out of Reliance Capital insolvency process, eyes legal optionsWhile Reliance Capital completed the sale in September 2019, it has not been paid yet, Axis Bank said. The debt is still due as per the und...
- Aircel, RCom lenders may challenge NCLAT order on spectrum as they may lose Rs 60K crAccording to the experts and sources working with a committee of creditors, who did not wish to be named, the order may block transfer of A...
- Aircel & RCOM steering towards liquidation, resulting in Rs 60,000 crore NPA for Indian and Foreign BanksAccording to experts, based on the NCLAT Judgement, the Resolution Plan of UV Asset Reconstruction Company Ltd. (UVARCL) for Aircel, which ...
- RCom's committee of creditors to meet on MondayUV Asset Reconstruction Company is learnt to have placed a bid of around Rs 14,700 crore, while Reliance Jio has made an offer of Rs 4,700 ...
- RCom's committee of creditors to meet on WednesdayReliance Communications' committee of creditors (CoC) will hold a meeting on Wednesday, the company said in a regulatory filing on Tuesday.
- RCom's committee of creditors to meet on Nov 20Last week, Rcom Chairman Anil Ambani along with four directors had resigned from the company. The company posted a consolidated loss of Rs ...
- Committee of creditors extends RCom's asset bid deadline by 10 daysBharti group and private equity firm Varde Partners have submitted their bids for assets of RCom. The deadline extension was granted in ant...
- Reliance Communication RP can’t demand Rs 576-cr refund: EricssonDeloitte sought the refund, saying the Swedish company had to be treated at par with other operational creditors and that the insolvency re...
- Banks want forensic audit of Reliance Communications, 2 group companiesThe review will be for the period between April 2014 and December 2018. The scope of the forensic audit is four-fold.
- Project Sashakt: Banks give shape to inter-creditor pact for bad assetsBanks will now take inter-creditor agreement to their respective boards for approval and it’s expected to go live later this month, Punjab ...
- Banks finalise inter-creditor agreement to deal with NPAsThe meeting called by Indian Banks Association was also attended by Finance Minister Piyush Goyal, who had accepted the report of the Sunil...
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