Omkaram Venkata Ramana, who had stood personal guarantor to five firms that defaulted on Rs 38.66 crore of bank loans, filed the petition t...

The report also said that insolvency proceedings of companies which are not categorised as holding, subsidiary or associate but are intrins...

Jaypee Infratech went into insolvency in August 2017 after the NCLT admitted an application filed by an IDBI Bank-led consortium.

Admitting that the structural reforms like GST, and IBC etc had some impact in growth, he said in the long-run these reforms will take the ...

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There are few cases of active businesses where creditors have recovered 100 per cent due to them, said Sahoo.

“PSU banks say that fund infusion is needed for credit growth,” the report said.

Das was quite clear on where he stands on the banking clean up or the defaulters.

Both the RBI and Sebi have issued guidelines for enhanced market borrowing by large corporates.

A source said banks are trying to work out a revival plan for Jet Airways through a change in management.

Financial creditors have realised close to Rs. 444 billion from these four CIRPs with an average haircut of about 47%.

New Delhi, Feb 26 () The government will soon come out with "effective steps" to deal with instances where entities back out after making f...

The PSBs recapitalisation plan and the recent bold step towards their consolidation stacks up in favour of strengthening the sector.

Timelines have already run beyond what is permitted by the law in many cases.

The bank offered this assessment of its financial situation at a meeting attended by senior finance ministry and LIC officials.

IBBI is readying rules that will enable creditors to go after guarantors of failed cos to recover dues.

This is one of the few cases under IBC where depositors dragged the defaulting company to the court.