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Good news for stressed asset buyers

In a major relief to stressed assets, the Cabinet approved the proposed IBC amendment that the licences, permits, concessions, and clearances for a corporate debtor cannot be terminated or......

In a first, RBI sends DHFL to NCLT for debt resolution

Most banks led by the State Bank, have or are going to declare DHFL account as NPA in the third quarter. Illustration: Dominic Xavier/Rediff.com The Reserve Bank on Friday sent the troubled......

NCLT asks telecom department not to terminate Aircel's license and spectrum

The tribunal accepted the government's argument that licence or spectrum is a state asset over which Aircel had no right of ownership. In a relief to lenders of insolvent telecom company Aircel,......

What next for Anil Ambani?

Resignations of Anil Ambani and four other directors were conveyed to the CoC of RCom in its meeting on November 20 and were unanimously rejected. The Committee of Creditors (CoC) of Reliance......

DHFL finally lands in bankruptcy court

RBI has appointed R Subramaniakumar, the ex-managing director of Indian Overseas Bank as the administrator of the third largest pureplay mortgage lender. Illustration: Uttam Ghosh/Rediff.com The......
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NCLT admits insolvency plea against Genesis Resorts

The division bench of judicial member Bhaskara Pantula Mohan and technical member Rajesh Sharma restrained the company and its promoters from... ...

https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/nclt-admits-insolvency-plea-against-genesis-resorts/articleshow/72506299.cms
NCLT to hear Omaxe Hyderabad property case on Jan 9

19 07:32:28 PM New Delhi, Dec 12 (IANS): The Jaipur Bench of the National Company Law Tribunal (NCLT) that ordered status quo on the Hyderabad... ...

https://www.daijiworld.com/news/newsDisplay.aspx?newsID=652765
Good news for stressed asset buyers

In a major relief to stressed assets, the Cabinet approved the proposed IBC amendment that the licences, permits, concessions, and clearances for a... ...

http://www.rediff.com/money/report/good-news-for-stressed-asset-buyers/20191212.htm
NCLAT stays NCLT directive to make MCA party to all insolvency cases

The appellate tribunal's direction came over a petition filed by the government through the Ministry of Corporate Affairs (MCA) challenging the... ...

https://economictimes.indiatimes.com/news/economy/policy/nclat-stays-nclt-directive-to-make-mca-party-to-all-insolvency-cases/articleshow/72462299.cms
RIL in talks for Rs 5,000-crore loan to take over Alok Industries

RIL is in talks with State Bank of India, HDFC Bank and ICICI Bank for financing. RIL won the right to buy Alok Industries in the Insolvency and... ...

https://economictimes.indiatimes.com/industry/banking/finance/financing-arrangement-likely-by-month-end-ril-in-talks-for-rs-5000-crore-loan-to-take-over-alok-industries/articleshow/72431948.cms

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