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Why calls for pre-packaged IBC deals, easing ban on promoters are getting louder

Finance

15 May, 2020

Why calls for pre-packaged IBC deals, easing ban on promoters are getting louder

A pre-packaged deal mechanism for stressed assets and lifting a ban on promoters from bidding for the companies they once ......

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Jet revival prospects worsen as coronavirus prompts suitor to reconsider boarding carrier

Infrastructure

17 April, 2020

Jet revival prospects worsen as coronavirus prompts suitor to reconsider boarding carrier

Revival prospects for Jet Airways have worsened exactly a year after the carrier operated its last flight as coronavirus has ......

Insolvency resolution to exclude lockdown period from 330-day time frame

Finance

30 March, 2020

Insolvency resolution to exclude lockdown period from 330-day time frame

The 330-day time frame for resolution of cases under the Insolvency and Bankruptcy Code (IBC) will now exclude the national ......

As airlines battle virus turmoil, Jet Airways gets time till June to find buyer

Infrastructure

18 March, 2020

As airlines battle virus turmoil, Jet Airways gets time till June to find buyer

A bankruptcy court has extended the time to find a buyer for Jet Airways (India) Ltd even as the coronavirus ......

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Madhusudan dairy group unit snaps up steel plant from bankrupt firm

Manufacturing

18 March, 2020

Madhusudan dairy group unit snaps up steel plant from bankrupt firm

A company that’s part of the group best known for its Madhusudan brand of dairy products has acquired a steel ......

Top court sets aside NCLAT order on Dhanuka's offer for Orchid Pharma

Healthcare

04 March, 2020

Top court sets aside NCLAT order on Dhanuka's offer for Orchid Pharma

The Supreme Court has set aside an insolvency appeals court’s order against Dhanuka Laboratories Ltd’s resolution plan to acquire debt-laden ......

IVRCL gets bid for sale of company as going concern under liquidation

Infrastructure

04 March, 2020

IVRCL gets bid for sale of company as going concern under liquidation

Hyderabad-based construction firm IVRCL Ltd is set to become the first company under liquidation to be sold as a going ......

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Bankruptcy boom: India added three insolvency professionals and four valuers a day

Finance

20 February, 2020

Bankruptcy boom: India added three insolvency professionals and four valuers a day

India’s three-year-old bankruptcy law has not only opened a fast-track path for creditors to recover their debts from defaulters but ......

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Steelmaker becomes first distressed firm to recast debt under same management

Manufacturing

19 February, 2020

Steelmaker becomes first distressed firm to recast debt under same management

A Chhattisgarh-based iron and steel products maker has become the first distressed company to restructure its debt under the same ......

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These three sectors account for nearly three-fourths of bankruptcy cases

Finance

19 February, 2020

These three sectors account for nearly three-fourths of bankruptcy cases

Ever since India implemented a new bankruptcy law in 2016, creditors have been quick to drag defaulters to various courts ......