Insolvency

The appellate tribunal said it found "no merits" in HDFC's petition and said that non-bank financial lenders come under the purview of the Reserve Bank of India

Creditors say they realise that the insolvency process it is not just recovery legislation for lenders, but an effective resolution mechanism for corporate debtors

Voting process is likely to start on Thursday and end on Sunday, sources say

Claims totalling a little over Rs 1.42 trillion were admitted in 88 cases under the IBC till February 28, data collected by the Insolvency and Bankruptcy Board of India showed

Sole bid of Rs 1,200 cr by JSW Steel under a cloud as RP, CoC eye better deal

RBI was doing good work in tackling bad loans to big business, but judges have decided it went too far. That's a serious blow

The starting point of the conflict between former RBI governor and the government was this circular; it turned acrimonious in due course and finally led to the exit of Patel

RBI had asked lenders to execute a resolution plan for big stressed accounts by a 180-day deadline, failing which they were to file insolvency petitions against the companies in NCLT

More than 24 stressed power projects that could have faced insolvency proceedings will now find it hard to get buyers because they are "incomplete"

Rating agency Icra says that with Essar Steel and Bhushan Power and Steel attracting interest from domestic and foreign investors, the financial creditors could realise at least Rs 60,000 crore more

Alok Industries' resolution plan is being heard, Jyoti Structures' final leg of hearing on its resolution plan is expected to start and bids have been received for Jaypee Infratech

If haircuts are also supported with elongated repayment structures, lower interest rates, comfortable liquidity and adequate working capital, CRISIL says will make these projects financially viable

Another important point that the order makes is that the NCLT alone has the jurisdiction when it comes to applications and proceedings by or against a corporate debtor covered by the code

Fitch also believes that solid domestic demand has created space to accommodate some increase in imports, but domestic output could be displaced if imports pick up substantially

Currently, there are about 800 corporates undergoing CIRP and about 100 cases have been closed on appeal or review, M S Sahoo said

Essar Steel was one of the top 12 companies identified by the Reserve Bank of India (RBI) for resolution

Lenders have finalised the sale of GMR Chhattisgarh Energy and Prayagraj Power Generation Company

Will it be possible to bring in a partner if JSW wins Bhushan Power?

Transition efforts to vary for UK-based Liberty House versus Tata Steel, JSW