Topic: Insolvency

JSW beat out rivals Tata Steel Ltd. & Liberty House Group with a bid of about Rs 19,700 crore, and now adds 3.5 million tons a year of capacity to its operations.

The grounded carrier, stripped off most of its assets, is seeking new ideas to reassure creditors so they can recover at least some dues.

Supreme Court has made bankruptcy code the RBI’s second option for resolving bad loans, and abandoned the long-held ‘expert body doctrine’ in jurisprudence.

The five things Modi has got right on the political economy shows good economics isn’t necessarily bad politics.

Lenders have received zero proceeds in more than 18 months from the proposed asset monetisation plans of the company, said a statement.

The order will probably set a precedent for other companies in insolvency proceedings and may jeopardise the 270-day timeline laid down to resolve such cases.

Insolvency and Bankruptcy Board chief says firms facing bankruptcy have paid creditors Rs83,000 crore to avoid insolvency.

The Mumbai bench of National Company Law Tribunal has placed Anil Ambani's Reliance Communications Ltd. under insolvency proceedings. This will prevent Anil Ambani from selling RCom's airwaves, towers, and fiber assets to his elder brother's company.