Median recovery for operational creditors only 6% under IBC: Report
Even though recovery of total claims under the Insolvency and Bankruptcy Code averaged around 32%, with a median of 24%,...
Month: July 2024
MGM Healthcare acquires SevenHills Hospital in Vizag for Rs 171 crore
MGM Healthcare, a multi-specialty quaternary-care group, has acquired the 300-bed SevenHills Hospital in Visakhapatnam for Rs 171 crore. The acquisition...
Improve quality of information memorandum, says IBBI chairman
There is a need to improve the quality of information memorandum under the corporate insolvency resolution process (CIRP), Ravi Mital,...
Saviour Builders acquires Bulland Buildtech for Rs 120 crore
The Delhi Bench of the National Company Law Tribunal (NCLT) has approved the Rs 120-crore resolution plan by Saviour Builders...
JM Financial consolidates wholesale credit, ARC biz under one platform
The Board of Directors of JM Financial Ltd at its meeting held on 6 July 2024 approved the acquisition of...
Lenders reject one-time settlement proposal of Jaiprakash Associates promoters
Lenders of Jaiprakash Associates Ltd (JAL) led by ICICI Bank have rejected the modified one-time settlement proposal, in which the...
NCLT allows BPCL arm to acquire Videocon Oil Ventures Brazil assets
The Mumbai bench of the National Company Law Tribunal (NCLT) has allowed Bharat Petro Resources Limited (BPRL) Ventures BV to...