NCLAT refuses to direct SBI to release Rs 260 crore in Anil Ambani’s favour to clear Ericsson dues

Additionally, the Appellate Tribunal also stated that in case of non-payment of the amount, it may revive the corporate insolvency resolution process … from Google Alert – Insolvency https://ift.tt/2W32qiQ File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLAT supports rejection of Ruias’ Essar Steel offer

Under the Insolvency and Bankruptcy Code (IBC) only the lenders that had moved NCLT could withdraw Essar Steel from the process, the bankruptcy … from Google Alert – Insolvency https://ift.tt/2TRkG14 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Reserve Bank of India backs finance ministry on debt recast plan

The SC halted insolvency proceedings on September 11 last year against defaulters in the power, sugar, shipping and textile sectors by staying the … from Google Alert – Insolvency https://ift.tt/2Jhdx66 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLAT refuses to direct SBI to release RCom funds to Ericsson

However, it said that since the SC is seized of the matter, it is not vacating the stay on insolvency proceedings initiated by the Mumbai bench of NCLT. from Google Alert – Insolvency https://ift.tt/2ucKy9s File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Malvinder, Shivinder Singh ultimate beneficiaries of Rs 2315 crore funds division: Sebi

These have been initiated through corporate insolvency resolution process under Insolvency and Bankruptcy Code. REL and RFL will also be filing a … from Google Alert – Insolvency https://ift.tt/2Fa5jHX File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLT to Sterling Biotech lenders: How can you accept settlement plan of absconder

Sterling Biotech was referred to the NCLT in June last year for insolvency proceedings under the Corporate Insolvency Resolution Process (CIRP). from Google Alert – Insolvency https://ift.tt/2TDlo2E File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

TREND: Rush by banks to sell 715 bln rupees of NPAs before FY19 ends

Even the time-bound resolution framework of the Insolvency & Bankruptcy Code has seen delays, which has led banks to look to offload even assets … from Google Alert – Insolvency https://ift.tt/2JfOall File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

StanChart may gain after NCLAT asks Essar CoC not to discriminate

Hearing Standard Chartered Bank's plea against the insolvency resolution plan of Essar Steel, the National Company Law Appellate Tribunal … from Google Alert – Insolvency https://ift.tt/2HxTpu4 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

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