Related party financial, operational creditors cannot be discriminated against in resolution plan
The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) has said that the related Party financial or operational...
Here are some fraudulent transactions by ABG Shipyard uncovered during insolvency process
Even before the CBI took the lid off the bank loan fraud committed by ABG Shipyard and its promoter and...
Haldia Petrochemicals ‘bags’ Coastal Oil & Gas Infrastructure for Rs 37.5 crore
The Amravati bench of the National Company Law Tribunal (NCLT) has approved the resolution plan of Haldia Petrochemicals Ltd for...
JSW Ispat Special Products hives off Raipur plant
JSW Ispat Special Products (formerly known as Monnet Ispat and Energy Limited), a JV between Private Equity firm AION &...
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...
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...