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INSOVENCY
Bankruptcy court approves resolution plan for Era Infra EngineeringThe successful bidder has proposed to pay around Rs 525 crore, where the admitted liabilities of the company is about Rs 22, 200 crore. Bef...12 Jun, 2024, 08.06 PM IST- Is the government strategically manoeuvring the IBC?Strangely, post the announcement of Bad Bank, the National Company Law Tribunal (NCLT) benches have been staffed sub-optimally. Fewer judge...25 Dec, 2022, 07.28 AM IST
- BPSL's Sanjay Singal appeals against SBI invocation of personal guarantee, cites Anil Ambani caseIn a notice to Singal dated August 31 SBI had said total loans of Rs 12,276 crore were due to the bank by the company and are now in defaul...21 Sep, 2020, 09.58 PM IST
- View: The Insolvency and Bankruptcy Code now needs its next booster stageThe case burden in NCLT on account of IBC has been overwhelming. Over 24,000 applications were filed since IBC’s commencement in December 2...10 Jun, 2020, 11.25 PM IST
- Wary buyers keen to stay fit may trip IBC processBankers are worried that they will be forced to sell assets below the liquidation value because no company will like to initiate an acquisi...27 Apr, 2020, 12.58 PM IST
- NCLAT allows lenders to meet and finalise Bhushan Power bidVacating its earlier stay, the appellate tribunal has directed the committee of creditors (CoC) of the company to consider the resolution p...20 Jul, 2018, 12.53 PM IST
- Insolvency ordinance: Lenders say they’ll be hitLenders are likely to be impacted as barring promoters from bidding would bring down the value of these assets, at least three senior banke...24 Nov, 2017, 10.07 AM IST
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