"It appears that there is no interest from suitors for the airline and bankers are inclined to opt for liquidation rather than restarting t...

The development comes within a fortnight of the lenders issuing a legal notice to Iyer for putting on the block inventories of Future Retai...

Deloitte-backed resolution professional Vijaykumar Iyer has requested a fresh opportunity to seek new bids for Future Retail, after lenders...

An amendment to allow financial creditors to be the beneficiaries of recoveries from avoidance transactions is not a bad idea. It will enab...

Since the terms of the RFP are modified, the administrator is required to issue fresh expressions of interest (EoI) to allow others to bid....

Lenders of the bankrupt company will decide next week on whether to restart the resolution process or to put to vote the four plans that th...

In a parallel development, the Supreme Court is scheduled to hear on Monday an appeal by the winning bidder, Twin Star Technologies, agains...

“Although the court has directed to restart the process, lenders can go ahead with it only after a resolution on this is passed by the requ...

The National Company Law Appellate Tribunal (NCLAT) on Wednesday directed the committee of creditors to restart the resolution process foll...

Twin Star Technologies is set to argue that the CoC is Functus Officio - implying that the role of the committee of creditors ends soon aft...

The RP has received two binding bids --- from Petro Rio SA of Brazil and Geneva SA of Brazil --- and these bids will be opened along with t...

In a recent order, the Hyderabad bench of the tribunal directed the resolution professional (RP) to restart the process, after Riddhi Siddh...

Many of these companies want to try and revive their company as against letting it go under liquidation, say industry trackers. The IBBI ha...

The once-storied full service carrier stopped flying on April 17 as it ran out of money for daily operations.

In an environment of already high liquidity, large portfolio inflows could cause monetary policy headaches.

Cash-strapped retail chain Subhiksha today said its ongoing corporate debt restructuring (CDR) will have to end by July this year "at any r...

The Reserve Bank of India has re-started the process of pre-credit policy consultation with banks.