Big banks and Rakesh Jhunjhunwala line up to bid for IL&FS Securities
Lenders including HDFC Bank, ICICI Bank and Axis Bank, and Rakesh Jhunjhunwala’s private equity firm Rare Enterprises are among a dozen bidders […]
Month: December 2018
IL&FS to monetise road assets
In what could probably be the biggest sale of road projects in the country, troubled infrastructure developer and financier, Infrastructure Leasing & […]
Wadia defamation case: Court issues notices to Ratan Tata, chairman N Chandrasekaran and others
A local court has issued notices against Tata Sons former chairman Ratan Tata, present chairman N Chandrasekaran and eight directors of the […]
Don’t need RBI funds to bridge deficit: Arun Jaitley
Arun Jaitley expressed confidence that the government would meet its fiscal deficit target for the year to 31 March without dipping into […]
Ahead of Dec 20 NCLT hearing, pact with lenders eludes Punj Lloyd
Diversified infrastructure and engineering conglomerate Punj Lloyd has not been able to achieve any settlement with its lenders ahead of the hearing […]
Need a separate legal framework for resolution of financial service providers
Principal bench of National Company Law Tribunal (NCLT), Delhi, dismissed a corporate insolvency application under the Insolvency and Bankruptcy Code, 2016 filed […]
IBC eliminates right to redemption of Essar Steel shareholders, says lenders
The Insolvency and Bankruptcy Code eliminates the right to redemption of Essar Steel shareholders the counsel to lenders and ArcelorMittal said as […]
Revisiting pre-IBC norms only after current rush: FM Arun Jaitley
Only after the initial clutter of insolvency cases is cleared, marrying the pre-Insolvency and Bankruptcy Code (IBC) mechanism with the current law […]
CSR funds worth Rs 83.14 bn remained unspent over three financial years
Corporate Social Responsibility (CSR) funds worth over Rs 83.14 billion remained unspent over three financial years starting from 2014-15, according to the […]
Option of marrying IBC with settlement schemes can be looked at later: FM
To deal with resolution of debt-laden companies, the option of marrying insolvency framework with possible settlement schemes can be looked at in […]