A timeline of ABG Shipyard loan fraud case
As the ABG Shipyard bank fraud (to the tune of Rs 22,000 crore) case came to light, the government came...
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Ravi Mital takes charge as chairperson of Insolvency and Bankruptcy Board of India
Ravi Mital today took charge as Chairperson of Insolvency and Bankruptcy Board of India inNew Delhi today. A 1986 batch...
Gross NPAs of banks have declined by Rs 1.33 lakh cr since March 2019: Government
Gross non-performing assets (NPAs) of scheduled commercial banks (SCBs) have declined from Rs. 9,33,779 crore (Gross NPAs ratio of 9.07%) as...
Creditors approve resolution plan of GSEC Ltd for Diamond Power Infrastructure
The Committee of Creditors of Diamond Power Infrastructure Limited has approved the Resolution Plan submitted by GSEC Limited in consortium...
Economic Survey explains the need for bad bank
Many experts have wondered what was the need for the government-backed asset reconstruction company – National Asset Reconstruction Company Ltd...
NCLT approves Rishikunj Vincom’s resolution plan for Narayani Steels Limited
The Kolkata bench of National Company Law Tribunal (NCLT) has approved the resolution plan submitted by Rishikunj Vincom Private Limited...
Piramal Group says NCLAT order not to affect DHFL acquisition; to contest order in apex court
Piramal Group in a statement on 28 January 2022 said that the NCLAT order on DHFL resolution is limited to...
NCLAT asks CoC to reconsider avoidance transaction terms of DHFL resolution plan
The National Company Law Appellate Tribunal (NCLAT) has asked the Committee of Creditors of DHFL to reconsider the term in...
Future Retail moves SC against lenders; here’s the gist of the petition
Facing insolvency and bankruptcy proceedings as it is unbale to repay Rs 3,500 crores for bank liabilities due up to...
FISME demands priority in payment to MSME operational creditors under insolvency resolution process
The Federation of Indian Micro, Small and Medium Enterprises (FISME) has proposed for some amendments in Insolvency and Bankruptcy Code...