Insolvency and Bankruptcy Code

PSBs recover Rs 1.2 lakh crore from bad loans in 2018-19

New Delhi: Public sector banks (PSBs) have recovered close to Rs 1.2 lakh crore from stressed assets during the financial ended March, pr...Read More

‘NPA recoveries via IBC at Rs 70,000 crore’

‘NPA recoveries via IBC at Rs 70,000 crore’

New Delhi: Bad loan recoveries in the last fiscal effected through the Insolvency and Bankruptcy Code (IBC) route was at Rs 70,000 crore,...Read More

Jaypee Infra bid sweetened by NBCC

Jaypee Infra bid sweetened by NBCC

New Delhi: State-owned NBCC has sweetened its bid to acquire debt-ridden Jaypee Infratech and has now offered to give lenders Rs 5,000 cr...Read More

Creditors recover Rs 1.42 lakh crore in 88 insolvency cases

New Delhi: Nearly half of their total admitted claims worth over Rs 1.42 lakh crore have been recovered by financial and operational cred...Read More

Adani Power secures letter of intent to acquire Korba West Power Company

Adani Power secures letter of intent to acquire Korba West Power Company

New Delhi: Adani Power Monday said it has been awarded a letter of intent to acquire debt-laden Korba West Power Company. The company has...Read More

Throwing baby with the bathwater

Throwing baby with the bathwater

The Supreme Court recently quashed the February 12,2018 circular of the RBI. The circular had enjoined on banks to recognize defaults by ...Read More

Over Rs 2 lakh crore NPAs settled since 2016

Hyderabad: Over Rs 2 lakh crore worth of loan defaults have been settled and fresh addition of non-performing assets of financial institu...Read More

Treating homebuyers as fin creditors ups developers’ default risk

Treating homebuyers as fin creditors ups developers’ default risk

Mumbai: Treating homebuyers as financial creditors under the bankruptcy law has increased the default risks for developers with delayed p...Read More

Sec 29 (A) of IBC ‘stretched too far’, needs clarity: SBI chief

Sec 29 (A) of IBC ‘stretched too far’, needs clarity: SBI chief

Mumbai: State Bank of India’s chairman Rajnish Kumar on Thursday said Section 29 (A) of the Insolvency and Bankruptcy Code (IBC) is being...Read More

Pending corporate insolvency resolution processes on the rise

Staff Reporter : The increasing number of pending corporate insolvency resolution processes under The Insolvency and Bankruptcy Code (IBC...Read More

1,198 corporates admitted under IBC

1,198 corporates admitted under IBC

Kolkata: As many as 1,198 corporates were admitted into the resolution process under the Insolvency and Bankruptcy Code (IBC) by Septembe...Read More

ArcelorMittal agrees to shell out Rs 7,469 cr to bid for Essar Steel

ArcelorMittal agrees to shell out Rs 7,469 cr to bid for Essar Steel

 New Delhi :  Terming Essar Steel as ‘unique and compelling opportunity’ to gain foothold in India, steel giant ArcelorMittal said it wil...Read More

State banks told to take steps to curb frauds, defaults

New Delhi : Finance Minister Arun Jaitley on Tuesday asked public sector banks (PSBs) to take “effective action” in cases of fraud and wi...Read More

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IDBI moves NCLT against Rel Naval to recover loan

New Delhi : IDBI Bank has moved NCLT against Reliance Naval and Engineering to recover its dues from the company. The company has been in...Read More

Pick up in industrial activity, better monsoon to boost growth

Pick up in industrial activity, better monsoon to boost growth

Mumbai : The Reserve Bank of India (RBI) expects India’s economic growth rate to accelerate to 7.4 per cent in the current financial year...Read More

Gross NPAs of banks may improve to 10% in March 2019: Report

Mumbai: The gross non-performing assets (GNPAs) of the banking sector is likely to improve to 10 per cent in March 2019, from 11.52 per c...Read More

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Banks rush to resolve large bad loans as deadline looms

Mumbai : Banks are scrambling to finalise resolution plans for large stressed accounts to meet the August 27 deadline set by the Reserve ...Read More

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Parl passes Insolvency  and Bankruptcy bill

New Delhi : A bill to amend the Insolvency and Bankruptcy Code (IBC) 2016, allowing home buyers to be treated as financial creditors and ...Read More

Government ready to change Insolvency and Bankruptcy Code to boost market for stressed assets

New Delhi: The government is willing to make further changes to the Insolvency and Bankruptcy Code (IBC) which has become a game changer ...Read More

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Centre ready to tweak Insolvency and Bankruptcy Code  further, if needed

New Delhi : Union Ministry for Corporate Affairs Secretary Injeti Srinivas on Friday said the government is ready to further amend the In...Read More

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