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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...- 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...
- IBC: Creditors realised Rs 4 lakh cr; cases involving Rs 14 lakh cr settled in pre-admission stageIndia's Insolvency and Bankruptcy Code (IBC) has facilitated over Rs 4 lakh crore in creditor realisations from resolved cases. Additionall...
- Venugopal Dhoot moves SC against order upholding separate insolvency for Videocon Industries Ltd and VOVLVideocon founder Venugopal Dhoot has approached the Supreme Court. He is challenging a recent appellate tribunal order. This order allows s...
- NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil VenturesThe NCLAT has upheld separate insolvency proceedings for Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL), overturning an...
- 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...
- NCLT orders insolvency proceedings against Venugopal Dhoot as personal guarantorInsolvency proceedings have begun against Venugopal Dhoot, former chairman of Videocon. The National Company Law Tribunal directed this act...
- 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...
- IL&FS resolution at end of the tunnel for Chenani-NashriCreditors, led by State Bank of India, are poised to receive over ₹5,500 crore this month as the debt resolution of Chenani Nashri Tunnelwa...
- NCLAT reserves order on SBI plea for funds from IL&FS CoThe NCLAT reserved its decision on SBI's plea for an interim distribution of Rs 275 crore from the escrow account of Baleshwar Kharagpur Ex...
- NCLT admits personal insolvency plea against Rajkumar Dhoot of VideoconThe NCLT in Mumbai has admitted SBI's application against Rajkumar Dhoot of Videocon Group for a Rs 5,353-crore default by Videocon Industr...
- NCLAT admits SBI plea against Lavasa ResolutionThis is the second bank objection to the loan default resolution of Lavasa Corporation, billed as the first private hill town project to be...
- Lead banker SBI wants NCLAT to call fresh bids for VideoconIn yet another twist to the tortuous debt resolution at Videocon Group, lead consortium lender State Bank of India has approached an appeal...
- RCom insolvency process to collapse if spectrum is not a part: SBI tells Supreme CourtWithout any spectrum to use, the telco would cease to continue as a going concern and cannot be transferred as a going concern, as required...
- Claims worth Rs 4,800 cr admitted from fixed deposit holders of debt-laden DHFLNearly 55,000 public depositor holders, including retail and UP Power Corporation Employees, have demanded payments aggregating to Rs 5,200...
- Non-bank lenders engage with DHFL creditors’ panel to find a resolutionBanks have yet to finalise a resolution plan for the mortgage lender.
- Tribunal adjourns SBI's case against Ruias for recovery of dues till May 15On Monday, a hearing was scheduled for debt recovery suit filed seven months ago by SBI seeking attachment of global assets of Ruias to rec...
- Essar Steel CoC may vote against higher payments to StanChartThe committee of creditors may vote against bigger share for Standard Chartered which can pinch other lenders.
- Debt transfer won’t curb creditor rightsFortune Pharma had filed an application for initiating Voluntary Insolvency Resolution Process.
- DGCA, creditor banks must take decisive action on errant Kingfisher AirlinesThe situation is bad enough for strong remedial action by the aviation regulator and by the consortium of banks led by SBI.
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