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INDIAN BANK CREDITORS
Global creditors drag Udaan's parent to bankruptcy court in Singapore after $170-million bond defaultInsolvency petition filed this week, A&M appointed as liquidator of B2B commerce company. Ten year old co has seen valuations crash 70% as ...- BoB, Mizuho Bank forge partnership to enhance collaboration in M&A financingBank of Baroda has joined forces with Japan's Mizuho Bank to boost their capabilities in mergers and acquisitions financing. This collabora...
- The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- Selling property in England after the owner's death? Legal heirs may need Probate of Will or Letters of Administration firstLegal heirs in England and Wales require a Grant of Probate or Letters of Administration to sell property and manage a deceased person's es...
- The billionaire shakedown: How India changed its 'default' settingsIndia's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering tril...
- IBC 10-year anniversary scorecard: Over Rs 4 lakh crore realised, big implications for credit markets, economic efficiencyThe Insolvency and Bankruptcy Code has helped creditors recover over Rs 4 lakh crore rupees. The Code has revived many distressed companies...
- 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...
- India’s banking system turns sluggish amid loan recovery delays and legal hurdles: CII reportIndia's banking sector needs urgent reforms. The Confederation of Indian Industry's report highlights slow loan recovery and complex laws. ...
- NCLAT upholds NCLT order on distribution of funds from a resolution planThe National Company Law Appellate Tribunal has rejected a plea from five banks. They challenged fund distribution to SBI and Punjab Nation...
- Shriniwas Spintex wins bid for Morarjee TextilesShriniwas Spintex Industries has emerged as the winning bidder for Morarjee Textiles with a ₹156 crore offer, despite pending debt claims o...
- Three bidders in fray to acquire Morarjee TextilesMorarjee Textiles, part of the Ashok Piramal Group, has received three takeover bids due to its ₹760 crore debt, headed by Indian Bank. The...
- Financial creditor claims should have primacy: RBI Guv Shaktikanta Das"It has to be recognised that the financial creditors take the maximum risk and hence their risk needs to be commensurately compensated and...
- SC rejects pleas seeking review of its judgment considering tax authorities as secured creditorsIndia's top court has rejected pleas which sought a review of its earlier judgment in which it said that statutory creditors like tax autho...
- Bankruptcy court clears ArcelorMittal unit’s plan for Indian Steel CorpThe Mumbai bench of the National Company Law Tribunal (NCLT), comprising judicial member Kuldip Kumar Kareer and technical member Shyam Bab...
- IL&FS pays Canara Bank, others Rs 1,300 croreLenders led by Canara Bank have received close to ₹1,300 crore as part of their dues from Infrastructure Leasing & Financial Services (IL&F...
- Proposed insolvency law amendments credit positive for banks: Moody'sThe proposed amendments aim to improve the code's effectiveness, said Moody's.
- NCLAT asks winning bidder to raise offer for United SeamlessEarlier, United Seamless and one of the dissenting lenders Indian Bank had moved the NCLAT, seeking action against the resolution professio...
- Implementing suggestion of high-level panel may increase risks for creditors: Moody's Investors ServiceThe report also called for the creation of a framework for “prompt corrective action”, which would apply increasing levels of regulatory ov...
- Secured lenders insecure over Wockhardt's planSecured and unsecured creditors of debt-ridden pharma firm Wockhardt are singing in different tunes to support the sale of the company’s nu...
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