Rs 17.5 lakh crore bad loans written-off in past 10 years by Indian banks: Govt
The Indian government has disclosed that scheduled commercial banks (SCBs) have written off a staggering ₹17.5 lakh crore in bad...
InsolvencyT
ACME Cleantech buys another Anil Ambani-promoted company Reliance Infrastructure Consulting & Engineers
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Manoj Kumar Upadhyay...
Parliament panel suggests online portal for direct submission of resolution plan
The parliament standing committee on finances has proposed a centralized Online Portal for direct submission of resolution plans. This system...
Moody’s affirms ratings of IndusInd Bank; places baseline credit assessment under review for downgrade
Moody’s Ratings has affirmed IndusInd Bank Limited’s Ba1 long-term foreign currency (FC) and local currency (LC) bank deposit and issuer...
Include more details of carry forward losses in information memorandum: IBBI
The Insolvency and Bankruptcy Board of India (IBBI) has tightened disclosure requirements for Insolvency Professionals (IPs), mandating them to include...
Edelweiss ARC refutes Ecstasy Realty’s fund diversion allegation
Edelweiss ARC has issued a detailed press statement refuting a media report that alleged a ₹750 crore fraud case filed...
NARCL acquires stressed loans of McLeod Russel from consortium of banks
In a significant move towards addressing the mounting debt crisis of McLeod Russel India Limited, the country’s largest bulk tea...
Pioneer Channel Factory files for its own insolvency under Section 10 of IBC
Pioneer Channel Factory, a Mumbai-based company, has filed for the initiation of its Corporate Insolvency Resolution Process (CIRP) under Section...
NCLT approves Rs 47-crore resolution plan for HBS Auto & ANC SEZ
The National Company Law Tribunal (NCLT), Mumbai Bench-I, has approved the Rs 47.08 crore resolution plan for HBS Auto & ANC...
Explainer: IndusInd Bank derivative loss – what happened and what it means
IndusInd Bank recently disclosed a significant issue in its derivatives portfolio, leading to an estimated adverse impact of 2.35% on its...