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PROVISIONAL RESOLUTION PLAN
PMLA court takes cognisance of ED case against Religare chair Rashmi Saluja, advocate Pratap VenugopalA Mumbai court has taken cognisance of a money laundering case filed by the Enforcement Directorate. The complaint names former Religare ex...- Samsung union to start vote on tentative wage dealSamsung labour union members will vote on a tentative wage deal this week. This agreement averted a major strike at the South Korean chip g...
- Samsung chip employees to get average $338,000 bonus under strike dealSamsung chip workers will get big bonuses. An agreement was reached to avoid a strike. Employees in the semiconductor division will share p...
- India mulls payment lags, checks for senior citizens as digital fraud rises, RBI paper showsThe Reserve Bank of India is proposing new rules to combat rising online fraud. High-value digital payments may face a one-hour delay. Extr...
- JSW Steel shares rise marginally after SC reserves verdict on Rs 19,700 cr Bhushan Power Resolution PlanJSW Steel shares inched higher on Tuesday, hitting an intraday high of Rs 1,059 apiece on the NSE after the Supreme Court reserved its verd...
- Insolvency law cannot override PMLA, says NCLAT; upholds asset attachment by EDThe NCLAT ruled that the IBC cannot override the PMLA. ED-attached assets of Dunar Foods cannot be released for resolution. The appellate t...
- SC asks Lodha Developers to deposit Rs 520.8 cr for vacation of ED attachment on Tulip Star Hotel propertiesThe Supreme Court has instructed Lodha Developers to deposit ₹520.8 crore. This order relates to the Enforcement Directorate's attachment o...
- NCLT dismisses resolution for Rajesh Lifespaces' hotels business, orders rerunThe NCLT has dismissed the resolution plan for Rajesh Business & Leisure Hotels due to non-compliance and procedural irregularities. Stakeh...
- Zee Media in race to buy FM radio broadcaster RBNLResolution Professional Rohit Mehra, on behalf of RBNL, has issued an ad seeking expressions of interest from interested entities. The last...
- Vedanta, Jindal Power among investors interested in buying Srei firmsThe Srei Group on Wednesday published a provisional list of eligible prospective resolution applicants The list mentioned as many as 14 int...
- Oaktree effect: Sebi bars ‘sales pitch’ ratingsThe Sebi moves come after Oaktree, one of the bidders for stressed home financier DHFL, had mentioned in its resolution plan that it receiv...
- Sebi issues guidelines on assigning provisional credit ratings to debt instrumentsThe Sebi move comes after Oaktree, one of the bidders for stressed home financier DHFL, had mentioned in its resolution plan that it receiv...
- Deccan Chronicle insolvency case: Delhi HC stays attachments of properties by EDThe Delhi High court has stayed an order by the Enforcement Directorate to attach the assets of the insolvent Deccan Chronicle Holdings Ltd...
- Apex court stays ED move to attach assets of BPSLA bench led by Chief Justice of India SA Bobde stayed the ED attachment order while hearing a petition filed by the committee of creditors ...
- Decision on funding to Jet Airways to be on collective basis, says PNBThe assertion comes in the backdrop of media reports that PNB had approved Rs 2,050 crore of emergency funding to Jet Airways.
- Debt recast plan includes board composition: Jet AirwaysGoyal, who founded the airline 25 years ago, has agreed to step down as the lenders gear up to acquire majority stake in the airline under ...
- Jet Airways falls 5% on reports of SBI planning to move NCLTThe State Bank of India (SBI) may approach the NCLT to recover its loans from Jet Airways.
- SBI mulling insolvency route via NCLT to recover Jet Airways loanSubsequently, appropriate interim credit facilities would be sanctioned to the airline by the lenders.
- Jet Airways posts Rs 588 crore Q3 loss, board okays debt resolution planRevenue stood at Rs 6,147.98 crore in Q3FY19 over Rs 6,086.20 crore in Q3FY18.
- IBBI amends norms, notifies procedures for home buyers under insolvency proceedingsThe IBBI Regulations have been amended following the government coming out with an ordinance amending the IBC in June.
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