The lender had sent a notice to the Bombay Stock Exchange listed developer in February, demanding repayment of the loan given against its project Aarohan Residences in Gurgaon.

Minda Corp will take a write-off of about Rs 295 crore, including MKTSNs debt of Rs 160 crore.

Dhoot’s fortunes went downhill after debt of the Videocon group started to spiral out of control

In August last year, Bank of India (BOI) approached the Mumbai bench of the NCLT claiming that HDIL had failed to repay its dues amounting to Rs 522 crore, upon which the tribunal admitted the case under section 7 of the Insolvency and Bankruptcy Code (IBC).

The stock has traded in a wide range of Rs 2.7. Stock price of Jet Airways, that suspended operations in April 2019, ended 4.84% higher at Rs 29.25 on BSE.

The RBIs opposition to ARCs becoming resolution applicants (RA) could scuttle not just the Aircel plan but that of others such as Reliance Communications (RCom) as well. This would hurt state-run banks such as SBI, since they are the biggest lenders to companies…

At least a dozen big-ticket cases with total debt in excess of Rs 99,700 crore have been stuck for up to three years now due to legal challenges.

The Supreme Court recently held that the provisions of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) will be applicable to co

For companies undergoing insolvency and seeking relisting, Sebi said such companies will be mandated to have at least 5 per cent public shareholding at the time of their beginning of trading on the stock exchanges

Vedanta’s takeover of 13 companies offers electronics major Videocon a lifeline, but it may not be enough for the beleaguered group

Misha, partner at Shardul Amarchand Mangaldas, said that the initial delay in the processes was caused on account of certain unsettled issues of interpretation and the ecosystem becoming familiar with the processes.

Debt-ridden mortgage lender DHFL Ltd on Sunday said the Committee of Creditors (CoC) has approved resolution plan submitted by Piramal Capital and Housing Finance Limited

The threshold is the requirement that there should be at least 100 allottees or 10 per cent of the total allottees, whichever is less, to support an insolvency application against a real estate project

Billionaire Ajay Piramal's Piramal Group has emerged as the preferred bidder for debt-laden mortgage lender DHFL

“In this 14th meeting of the committee of creditors, the resolution for liquidation of the company was put to vote through e-voting as resolution plan was not submitted by any of the prospective resolution applicants despite repeated efforts, ” the company…

New scheme to yield faster resolution, cut costs and reduce litigation

The Mumbai bench of the National Company Law Tribunal (NCLT) on Monday cleared Piramal Group’s resolution plan for Dewan Housing Finance Ltd (DHFL), with certain conditions. The bench rejected Kapil Wadhawan's plea to get access to a copy of the resolution…

The liquidation value of Videocon Industries and its 12 group companies was Rs 2,568.13 crore and fair value of the assets was Rs 4,069.95 crore. While the bid amount submitted by Twin Star Technologies in the resolution plan was Rs 2,962.02 crore.

Resolution plan by Kalrock Capital-Murari Lal Jalan receives NCLT approval but with a rider.

Already, IPs have, in many cases, unearthed avoidance transactions and filed applications with the National Company Law Tribunal (NCLT) for appropriate directions, he said.