Pay up, make peace: Promoters make one-time settlements with banks on loans

With rising litigation over insolvency cases, banks are increasingly opting for loan settlement offers from defaulting firms under Section 12A of the … from Google Alert – Insolvency https://ift.tt/2Wj9Le7 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Familial ties – RJio to gain from RComm auction

While Reliance Jio is likely to get a significant discount when RComm goes for insolvency proceedings, it may still have to bid judiciously to avoid … from Google Alert – Insolvency https://ift.tt/2Wj9x6L File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Majority-control transactions up 23% in 2018 on IBC wave, fear of NCLT

The age of control deals is here to stay, as companies come under the Insolvency and Bankruptcy Code (IBC), get referred to the National Company … from Google Alert – Insolvency https://ift.tt/2TRKtXK File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

New twist in Ericsson-RCom feud: Swedish telecom firm may be asked to refund Rs 576 crore

… Ericsson, if Insolvency and Bankruptcy Code (IBC) proceedings are allowed by NCLAT, the amount will have to be refunded by Ericsson to RCom. from Google Alert – Insolvency https://ift.tt/2Wj9hEP File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLT ruling stirs up a controversy as the SDR legacy haunts lenders

But with the Insolvency and Bankruptcy Code (IBC) showing promise, the RBI scrapped the SDR, along with other loan-restructuring programmes, … from Google Alert – Insolvency https://ift.tt/2TQs11I File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Matix promoters race against time to prevent bankruptcy

… has defaulted on its Rs 4,305 crore debt burden as it turned idle due to want of fuel, and its banker IDBI Bank has dragged it to the insolvency court. from Google Alert – Insolvency https://ift.tt/2WiVGNW File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

State of the matter: PSBs’ recoveries less than write-offs in Q3 of FY 2019

The fact that there were no large non-performing assets (NPAs) resolved through the insolvency route during the December quarter restricted banks' … from Google Alert – Insolvency https://ift.tt/2FtJ9Sc File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Qatar Airways denies talks with Jet’s Chairman Naresh Goyal, son Nivaan

SBI chairman Rajnish Kumar said that the taking Jet Airways to insolvency court was not an option as it would lead to complete value erosion of the … from Google Alert – Insolvency https://ift.tt/2FlUen1 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Design a site like this with WordPress.com
Get started