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1-10 results from 253 for query «insolvency»

10 October, 2018 2:11 AM Stocks in the news: Dr Reddy's Labs, NLC India, Tata Motors, TCNS Clothing, Garden Reach

NLC India | Tata Motors | TCNS Clothing | Dr Reddy's Labs | Glenmark Pharma and Gujarat Gas are stocks which are in the news today. Results today: Zee Entertainment Enterprises, Bandhan Bank, Uttam Galva Steels, Indiabulls Ventures. Dr Reddy's Laboratories: Company launched Colesevelam HCI tablets, a therapeutic equivalent generic version of Welchol 63

9 October, 2018 10:44 AM SC sends Amrapali Group CMD, 2 directors to police custody

New Delhi: Supreme Court on Tuesday sent Amrapali Group CMD Anil Kumar Sharma, two other directors Shiv Priya and Ajay Kumar – to police custody for not handing over all documents relating to its accounts to forensic auditors. The court has ordered that the three directors will remain in police till each and every document relating to accounts of all 46 group 64

5 October, 2018 3:46 AM Buyout of distressed Indian steel assets to increase leverage of acquiring Cos: Fitch

The buyout of distressed steel assets in India could significantly raise the leverage of the acquiring firms, Fitch Ratings said Thursday. "The acquisitions of distressed Indian steel assets could significantly increase the leverage of the acquiring companies, which also face the risk of domestic output being displaced by a substantial increase in imports 59

4 October, 2018 1:33 PM SC grants one more opportunity to ArcelorMittal, NuMetal to bid for Essar Steel

New Delhi: The Supreme Court Thursday granted one more opportunity to mining major ArcelorMittal and Russia's VTB Capital-backed NuMetal to bid for Essar Steel if they clear their NPA dues in two weeks. A bench comprising Justices R F Nariman and Indu Malhotra held that both the firms were ineligible under amended Insolvency and Bankruptcy Code to bid for the firm but granted 53

4 October, 2018 6:32 AM IFC moves insolvency plea against Punj Lloyd at NCLT

International Finance Corporation (IFC) Thursday moved an insolvency plea against infrastructure firm Punj Lloyd before the National Company Law Tribunal (NCLT). A two-member principal bench headed by President Justice M M Kumar has issued notices to Punj Lloyd and Punj Lloyd Upstream Ltd. The tribunal has directed both the petitions to list on October 50

1 October, 2018 5:06 PM IBBI needs to have more powers, says NCLAT Chairperson Justice Sudhansu Mukhopadhaya

The Insolvency and Bankruptcy Board needs to be given more powers, NCLAT Chairperson Justice Sudhansu Jyoti Mukhopadhaya said and also suggested that there should be regulations for the Committee of Creditors (CoC). The number of cases coming up for resolution under the Insolvency and Bankruptcy Code (IBC) is on the rise, especially against the backdrop 56

25 September, 2018 2:48 AM NCLT clears way for liquidation of Moser Baer India

The National Company Law Tribunal (NCLT) has allowed insolvency proceedings against debt-ridden Moser Baer India, a manufacturer of CDs and DVDs. In a regulatory filing, Moser Baer said the decision has come on a plea filed by its lender Alchemist Asset Reconstruction Company Ltd. The NCLT in its September 20 order has allowed liquidation of the company 74

17 September, 2018 4:04 AM Lenders may be staring at 92% haircut in recoveries from 124 of 136 stressed firms

Data compiled by the Insolvency and Bankruptcy Board of India (IBBI) suggests that creditors are possibly staring at an average haircut of 92 percent in recoveries from 124 out of the 136 stressed firms that were facing liquidation under the Insolvency and Bankruptcy (IBC) code at the end of the June quarter because of the absence of resolution plans 45

10 September, 2018 10:09 PM ArcelorMittal sweetens offer for Essar Steel;submits revised proposal to CoC

New Delhi: World's leading steel giant ArcelorMittal has sweetened its offer for Essar Steel, as the bids received in the second round for the debt-ridden firm were opened by its lenders Monday. Without disclosing the amount, the Luxembourg-headquarterd firm said that it has submitted a revised proposal to Essar Steel India Ltd's (ESIL) Committee of Creditors 100

10 September, 2018 11:44 AM JP Associates falls 4% on report of ICICI Bank filing insolvency case against co

Shares of Jaiprakash Associates closed 4 percent lower on Monday as investors reacted to news that an insolvency case has been filed against the company. The stock touched an intraday high of Rs 11.33 and an intraday low of Rs 10.52. CNBC-TV18 on September 10, 2018 reported that ICICI Bank had filed an insolvency case against the company. It quoted news agency 65