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Govt to unveil fiscal package to help economy face coronavirus: Sitharaman

Finance

24 March, 2020

Govt to unveil fiscal package to help economy face coronavirus: Sitharaman

India’s government will soon announce a fiscal package to help the economy face the impact of the coronavirus, Finance Minister ......

Jet Airways lenders seek two more months for insolvency resolution

Infrastructure

13 March, 2020

Jet Airways lenders seek two more months for insolvency resolution

With investors not showing up amid global coronavirus outbreak, lenders to Jet Airways will seek another extension of around two ......

Jet Airways gets no bids, almost certain to be liquidated

Infrastructure

11 March, 2020

Jet Airways gets no bids, almost certain to be liquidated

Bankrupt carrier Jet Airways (India) Ltd has failed to attract any buyer and is likely to be sent for liquidation ......

Creditors okay Mukesh Ambani, UV ARC's resolution plans for R-Com, subsidiaries

TMT

05 March, 2020

Creditors okay Mukesh Ambani, UV ARC's resolution plans for R-Com, subsidiaries

A creditor panel led by the State Bank of India has okayed the bankruptcy resolution plans of Mukesh Ambani-owned Reliance ......

Bankruptcy tribunal okays state-owned NBCC's bid for Jaypee Infratech

Finance

03 March, 2020

Bankruptcy tribunal okays state-owned NBCC's bid for Jaypee Infratech

The National Company Law Tribunal on Tuesday approved the proposal of state-owned construction firm NBCC (India) Ltd to acquire debt-ridden ......

NCLAT sets aside insolvency case against Flipkart for alleged default

TMT

25 February, 2020

NCLAT sets aside insolvency case against Flipkart for alleged default

An appeals court has dismissed insolvency proceedings against e-commerce major Flipkart, which was dragged to the National Company Law Tribunal ......

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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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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 ......

JSW Steel gets immunity for Bhushan Power acquisition

Manufacturing

18 February, 2020

JSW Steel gets immunity for Bhushan Power acquisition

The National Company Law Appellate Tribunal (NCLAT) has given JSW Steel Ltd immunity from all criminal investigations for its takeover ......

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An Indian firm enters bankruptcy every four hours, but that's not the only worrying trend

Finance

13 February, 2020

An Indian firm enters bankruptcy every four hours, but that's not the only worrying trend

The number of companies dragged into bankruptcy courts jumped over the last two quarters, as creditors pressed the pedal to ......