Have asset quality woes really bottomed out for our banks?

India's recovery rate out of insolvency proceedings has been low at 22 per cent vs developed economies' average of 60 per cent and Russia's 40 per … from Google Alert – Insolvency https://ift.tt/2EDJmlb File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Jaypee Infratech’s lenders to discuss NBCC, Suraksha takeover bids today

In the first attempt to complete the insolvency process, lenders had rejected the Rs 7,350 crore bid of Lakshdeep, part of Suraksha group, as it found it … from Google Alert – Insolvency https://ift.tt/2Vuo52X File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Decide on ArcelorMittal’s bid by March 8, NCLAT tells NCLT

The National Company Law Appellate Tribunal (NCLAT), on Thursday, for the fourth time extended the deadline till March 8 for the Ahmedabad bench … from Google Alert – Insolvency https://ift.tt/2NypS4j File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Kotak Bank arm, Abu Dhabi Invest Authority in pact for bad loan fund

"We have a robust pipeline of transactions coming through the IBC (Insolvency and Bankruptcy Code) process, as well as others from outside the … from Google Alert – Insolvency https://ift.tt/2VunPkJ File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

NCLT rejects Essar Steel’s operational creditors plea against Arcelor’s bid

It needs to be mentioned here that while the Insolvency and Bankruptcy Code (IBC) provides for resolution within 270 days, after which a company has … from Google Alert – Insolvency https://ift.tt/2TlZgJi File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

SC orders status quo in Emaar MGF Land’s insolvency case

NEW DELHI: The Supreme Court on Tuesday ordered all parties involved to maintain status quo in the case related to the insolvency of Emaar MGF … from Google Alert – Insolvency https://ift.tt/2Ud3sIo File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

Jaypee Infratech’s lenders to discuss NBCC, Suraksha takeover bids Friday

A meeting of the Committee of Creditors (CoC) will be held on March 1, said Anuj Jain, the Insolvency Resolution Professional (IRP) of Jaypee … from Google Alert – Insolvency https://ift.tt/2UcYk76 File your insolvency claims/Submit your resolution plans at https://ift.tt/2ImnrTH

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