Essar Steel lenders unlikely to get ArcelorMittal payment by March 31

On the last date of hearing, the NCLAT had also sought to know from the Insolvency and Bankruptcy Board of India (IBBI) the average distribution of … from Google Alert – Insolvency https://ift.tt/2Uj3Zfa File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Essar Steel CoC meets over payout of ArcelorMittal’s ₹42000 crore offer

Moreover, as per the previous direction of NCLAT, the Insolvency and Bankruptcy Board of India (lBBI) on Wednesday informed the ratio of distribution … from Google Alert – Insolvency https://ift.tt/2UfsDgK File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

How smart CFOs can scale up and save businesses: Deepak Parekh spells 2-L formula

The introduction of the Insolvency and Bankruptcy Code (IBC) has prompted the promoters of the firms to settle cases after lenders have filed for … from Google Alert – Insolvency https://ift.tt/2JYHB7d File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLT says Sterling Biotech withdrawal a case for re-entry of defaulting promoters

On 7 March, 90% of the Committee of Creditors (CoC) decided to withdraw insolvency proceedings against Sterling Biotech under Section 12 (A) of … from Google Alert – Insolvency https://ift.tt/2JKfjNk File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Kwality posts Rs 1500-crore loss in Q3 on debt provisioning

KKR has filed an insolvency plea against the company. The private equity major invested Rs 520 crore in 2016 to finance Kwality's expansion plans … from Google Alert – Insolvency https://ift.tt/2FEFEbP File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLT admits Bank of India’s insolvency plea against Shrenuj & Co

The National Company Law Tribunal (NCLT) admitted an insolvency petition filed by Bank of India against the company for defaulting on Rs 226 crore … from Google Alert – Insolvency https://ift.tt/2FyvxUm File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

FE CFO Awards: High time banks got back to lending, says HDFC Chairman Deepak Parekh

With the advent of the Insolvency and Bankruptcy Code (IBC), bankers have an excellent tool at their disposal to tackle the bad loan menace and the … from Google Alert – Insolvency https://ift.tt/2FFtEa5 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Ericsson case: Supreme Court to hear RCom plea on Wednesday

A Bench led by Justice RF Nariman will also hear on Thursday another application by Ericsson which also wants to end the insolvency proceedings … from Google Alert – Insolvency https://ift.tt/2FuTHPW File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Majority of corporate insolvency cases settled: MCA Secretary

Injeti Srinivas, Secretary, Ministry of Corporate Affairs said recently that majority of corporate insolvency cases have been settled. “The speed at which … from Google Alert – Insolvency https://ift.tt/2FEFAc5 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

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