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CREDITORS PAYOUT
Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...- When the acquisition looks great but the footnote doesn't: How Indian managements turn deals into balance-sheet fictionAcquisitions are among corporate finance’s most celebrated events. But the harder story usually emerges later, when the accounting begins t...
- UltraTech settles JAL dispute, agrees to redeem Rs 1k-cr sharesUltraTech Cement has finally settled a lengthy arbitration dispute with Jaiprakash Associates, paving the way for a fresh financial landsca...
- Vedanta dividend alert: Last date to buy shares to be eligible for Rs 11 interim dividendVedanta has announced an interim dividend of Rs 11 per share, with March 28 set as the record date. Due to a market holiday and settlement ...
- IL&FS moves NCLAT to update CoC vote sharesIL&FS is adjusting creditor voting rights in committees. This change reflects current outstanding debt after nearly ₹18,000 crore in interi...
- Hindusthan National Glass lenders to recover more as INSCO to match AGI Greenpac bidThe Supreme Court's decision in the Hindusthan National Glass insolvency case has increased the payout for creditors. Independent Sugar Cor...
- IL&FS Group initiates Rs 5,000 cr payouts in InvIT units and cash under interim distributionIL&FS Group has started an interim distribution of Rs 5,000 crore, including Rs 3,500 crore in InvIT units and Rs 1,500 crore in cash for d...
- NCLAT upholds Adani Goodhomes bid with 93% haircut for Radius EstateThe Insolvency Appellate Tribunal NCLAT upheld its Adani Goodhomes' resolution plan for Radius Estate. NCLAT rejected petitions from two di...
- NCLT approves Chemhub's resolution plan for Pancard ClubsChemhub Tradelink's plan for Pancard Clubs, approved by NCLT, involves Rs 8,900 crore debt claims with 8% recovery for creditors. The resol...
- FTX files plan to end bankruptcy, pay crypto creditors billionsThe company filed for bankruptcy last year after Sam Bankman-Fried agreed to turn over control of his empire to restructuring professionals.
- Resolved debt of Rs 35,650 cr, IL&FS saysIL&FS Group, which went bankrupt five years ago, has resolved Rs 35,650 crore of its debt through asset monetization and settlements with b...
- IL&FS Financial Services approves interim distribution payout of Rs 807 croreIFIN had in February made an interim distribution payout of ₹3,200 crore to creditors. With the latest distribution, total interim payouts ...
- IL&FS Group makes interim distribution payout of Rs 29,000 crore to secured creditorsThe IL&FS Group has paid back Rs 29,000 crore to secured creditors, with an interim pay-out of Rs 920 crore for subsidiary Chenani Nashri T...
- IL&FS to distribute Rs 3,200 crore to IFIN creditorsAs part of the interim distribution, IL&FS Group will be paying a total of Rs 3,200 crore to IFIN eligible creditors, that is being distrib...
- How India's bid to reform Bankruptcy Law affects payouts to creditorsTo speed up proceedings and counter a mounting caseload, the Ministry of Corporate Affairs last week published published dozens of proposed...
- DHFL lenders to vote on a proposal to give higher payout to small investorsBetween what was approved by the committee of creditors earlier and the proposed distribution mechanism, lenders will have to shell out Rs ...
- Videocon insolvency: Creditors to take 96% haircut on dues; NCLT requests increase in pay-out"Out of total claim amount of Rs 71,433.75 crore, claims admitted are for Rs 64,838.63 crore and the plan is approved for an amount of only...
- Ruchi Soya: Resolution may be delayed as NCLT wants to study impact of revised NLCAT order on Essar SteelThe tribunal observed that the NCLAT order has changed the entire outcome for all stakeholders and is like a formula with clear-cut directi...
- Haircuts for operational creditors are at par with financial creditors: IcraOf the 1,858 corporate debtors referred to the NCLT upto March 31, 920 or 49 per cent cases have been referred by the operational creditors.
- Lehman creditors to be offered payout plan: ReportLehman Brother's creditors in London will be approached by the bankrupt financial firm's administrator to join a payout plan, which seeks t...
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