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Insolvency and Bankruptcy Code

Live blog: VCCircle Stressed Assets Investment Summit

General

08 August, 2019

Live blog: VCCircle Stressed Assets Investment Summit

Stressed assets have dominated headlines for the past couple of years, as banks struggle with $150 billion of bad loans. ......

Podcast: IBC changes, Jet and Jaypee Infratech dominate stressed assets news

General

02 August, 2019

Podcast: IBC changes, Jet and Jaypee Infratech dominate stressed assets news

A few big debt-laden companies made news this week in the stressed assets segment while the government got parliamentary approval ......

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JM Financial ARC to beef up war chest for buying stressed assets

Infrastructure

02 August, 2019

JM Financial ARC to beef up war chest for buying stressed assets

JM Financial Asset Reconstruction Company Ltd, India's second-biggest buyer of bad loans, plans to mobilise fresh capital to ramp up ......

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SBI CFO Prashant Kumar on bank consolidation, progress on stressed assets and more

Finance

29 July, 2019

SBI CFO Prashant Kumar on bank consolidation, progress on stressed assets and more

State Bank of India (SBI) is leading many fights against top corporate defaulters, including Essar Steel, under the Insolvency and ......

Cabinet's changes to bankruptcy law spark hope for improved, faster resolutions

General

18 July, 2019

Cabinet's changes to bankruptcy law spark hope for improved, faster resolutions

The Cabinet’s approval of several changes to the bankruptcy law, such as increasing the resolution period to 330 days and ......

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Why banks, stressed asset investors are fretting over tribunal ruling on Essar Steel

Manufacturing

16 July, 2019

Why banks, stressed asset investors are fretting over tribunal ruling on Essar Steel

A recent order of an appeals tribunal in a case involving the bankruptcy resolution of Essar Steel India Ltd has ......

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Adani to get another chance for Dighi Port as JNPT withdraws bid

Infrastructure

04 July, 2019

Adani to get another chance for Dighi Port as JNPT withdraws bid

State-owned Jawaharlal Nehru Port Trust (JNPT) has withdrawn its bid to buy debt-laden Dighi Port Ltd after an insolvency court ......

Cross-border insolvency law, steps for individual bankruptcy on cards: Economic Survey

Finance

04 July, 2019

Cross-border insolvency law, steps for individual bankruptcy on cards: Economic Survey

India plans to enact a cross-border insolvency law and take steps to make bankruptcies of individuals easier as part of ......

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Arcil CEO Vinayak Bahuguna on how to speed up stressed asset resolution and more

Finance

14 June, 2019

Arcil CEO Vinayak Bahuguna on how to speed up stressed asset resolution and more

Vinayak Bahuguna took over as the CEO and managing director at Asset Reconstruction Company (India) Ltd, or Arcil, in June ......

Aircel lenders approve UV ARC's bid, to get less than 1% of dues

TMT

18 May, 2019

Aircel lenders approve UV ARC's bid, to get less than 1% of dues

UV Asset Reconstruction Company Ltd has received approval of the lenders to Aircel Ltd to buy the debt-laden telecom company ......