Page 3 - Insolvency

Insolvency: No need for additional provisioning for 12 NPAs, says SBI chief

Total NPA provisioning of banks stood at Rs 2.2 trn as of FY17, up from Rs 2 trn in FY16

Boom time for law firms in the age of insolvency

Firms are looking at teams of between 10-30 lawyers to handle resolution of big-ticket NPAs

Flying in the face of insolvency

Several large investors own chunks of shares in the big NPAs marked by RBI for insolvency

Faster insolvency process in place for start-ups, small companies

Now, it'll be completed within a maximum of 135 days, as IBBI will notify new norms in this regard

Bhushan, Essar Steel among 12 cos being moved to insolvency courts: Sources

Bank groups plan meetings in next two weeks to decide action

Stewarts & Lloyds files for insolvency

It has filed for insolvency with the National Company Law Tribunal's Kolkata bench

Insolvency professionals seek more protection

They play a key role in managing rescue and liquidation processes envisaged under the Code

Insolvency resolution within 180 days: New law

Now, information utilities would be created to provide creditors with information about borrowers such as how much money has been borrowed by a person or entity