Canara Bank clarifies exposure to Transstroy (India) only Rs 678 crore
Government-owned Canara Bank has clarified that it has a total exposure of Rs 678.28 crore in Transstroy (India) Ltd, which...
Liquidation
NCLT asked to deliver final verdict on Bharati Defence & Infrastructure liquidation case within a week
The National Company law Appellate Tribunal (NCLAT) has asked the Mumbai Bench of the National Company law Tribunal (NCLT) to...
On what parameters should an insolvency professional be judged? Here are some views
It has been more than four years since the Insolvency and Bankruptcy Code (IBC) came into existence. And during these...
Bankers take 80% haircut in 22 insolvency resolutions in July-September; total recovery at Rs 3,779 cr
As many as 22 CIRP resolutions were reported to the Insolvency and Bankruptcy Board of India (IBBI) in the July-September...
Liquidation process gets easier; quicker disposal of disputed assets, early exit option for creditors
In order to make the liquidation process faster, the insolvency regulator has made a couple of important amendments in the...
Another setback to Gujarat NRE Coke liquidation process; NCLAT halts asset sale process
There is no end to the ‘liquidation’ process of Gujarat NRE Coke, it seems. The Gujarat NRE Coke was ordered...
Creditors lose more than Rs 5 lakh crore as 950 insolvent companies go into liquidation
Could the Insolvency and Bankruptcy Code (IBC) have saved thousands of crores of banks’ money if it had worked more...
Jatin Mehta’s Winsome Diamond, Forever Precious Jewellery now under liquidation
Jatin Mehta-owned Winsome Diamond and Jewellery Ltd, an exporter of polished diamond, and Forever Precious Jewellery and Diamonds, designer and...
IBBI proposes new measures to make liquidation process faster
The Insolvency and Bankruptcy Board of India (IBBI) has finally shifted its focus to the much ignored area of unending...
PNB receives $3.25 mn from liquidation of Nirav Modi-owned Cos in US
Punjab National Bank (PNB) has received Rs 24.33 crore ($3.25 million) as proceeds from the liquidation of Nirav Modi-owned companies...