Search For "resolution process"
NTPC acquires Jhabua Power Ltd through corporate insolvency resolution rou
Updated : 3 years, 6 months ago IST
New Delhi [India], September 6 (ANI): NTPC Ltd, an integrated power producer, has successfully acquired Jhabua Power Limited (JPL) through Corporate Insolvency Resolution Process initiated by National Company Law Tribunal, Kolkata, (NCLT).
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Insolvency and Bankruptcy Board regulations amended
Updated : 3 years, 9 months ago IST
New Delhi [India], June 16 (ANI): The Insolvency and Bankruptcy Board of India has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2016, the Ministry of Corporate Affairs said on Wednesday.
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Cyril Amarchand Mangaldas advises Nithia Capital and Jai Saraf in relation
Updated : 3 years, 9 months ago IST
Mumbai (Maharashtra)/New Delhi [India], May 30 (ANI/NewsVoir): Cyril Amarchand Mangaldas acted as the legal counsel to Nithia Capital Resources Advisors LLP and Jai Saraf ("Resolution Applicants") in connection with the submission, negotiations with the committee of creditors and implementat
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Creditors realise 221 per cent of liquidation value through insolvency res
Updated : 3 years, 12 months ago IST
New Delhi [India], March 15 (ANI): Financial creditors realised 221 per cent of liquidation value and 51 per cent of admitted claims through the corporate insolvency resolution process, Union Minister of State for Finance Bhagwat Kisanrao Karad said on Tuesday.
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Insolvency proceedings against Reliance Capital begin; RBI files applicati
Updated : 4 years, 3 months ago IST
New Delhi [India], December 3 (ANI): The Reserve Bank on Thursday filed an application for the initiation of the Corporate Insolvency Resolution Process (CIRP) against Reliance Capital under sections of Insolvency and Bankruptcy Code, 2016 at the Mumbai Bench of the National Company Law Trib
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Cyril Amarchand Mangaldas advises on corporate insolvency resolution proce
Updated : 4 years, 8 months ago IST
New Delhi/Mumbai [India], June 22 (ANI/NewsVoir): Cyril Amarchand Mangaldas (Firm) acted as the legal counsel to Committee of Creditors (CoC) of Dewan Housing Finance Corporation Limited (DHFL) on DHFL's corporate insolvency resolution process. The CoC of DHFL comprises of banks, financial i
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IL&FS ups aggregate debt recovery target to Rs 61,000 crore
Updated : 4 years, 11 months ago IST
Mumbai (Maharashtra) [India], Apr 15 (ANI): The new board and management of IL&FS as part of its quarterly update process on the progress of ongoing group resolution process on Thursday shared that it has addressed aggregate debt of Rs 43,000 crore till date.
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Parliament passes bill to amend Insolvency and Bankruptcy Code
Updated : 5 years, 5 months ago IST
New Delhi [India], September 21 (ANI): The Parliament on Monday passed a bill that temporarily suspends initiation of corporate insolvency resolution process under the IBC, for a period not exceeding one year from March 25, to provide relief to companies affected by COVID-19 to recover fr
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IL&FS board upgrades estimates of debt addressed to over Rs 57,000 cro
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], July 20 (ANI): The new board of IL&FS Ltd on Monday shared an update on the progress of ongoing resolution process across the group and revised its estimates of debt being addressed to well above 50 per cent of the overall debt of over Rs 99,000 crore.
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IBBI amends CIRP regulations to provide relief amid lockdown
Updated : 5 years, 11 months ago IST
New Delhi [India], Mar 31 (ANI): To address the difficulty faced by the lockdown due to COVID-19, the Insolvency and Bankruptcy Board of India (IBBI) amended the Corporate Insolvency Resolution Process (CIRP) regulations to provide relief in the corporate insolvency resolution process.
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No fraud, fund diversion at Reliance Home Finance: Forensic auditor
Updated : 6 years, 2 months ago IST
Mumbai (Maharashtra) [India], Jan 13 (ANI): Reliance Housing Finance Ltd's (RHFL's) forensic auditor Grant Thornton has not recorded any adverse findings on 11 parameters, including any diversion or siphoning of funds, embezzlement, falsification of accounts and fraudulent transactions by pr
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Union Cabinet clears proposed change to Insolvency and Bankruptcy Amendmen
Updated : 6 years, 2 months ago IST
New Delhi [India], Jan 9 (ANI/NewsVoir): Recently the Union Cabinet has cleared a proposed change to Section 7 of the Insolvency and Bankruptcy Amendment Bill (2019) which suggests that at least 100 or 10 per cent of the total buyers, whichever is lower in a real estate project will have to
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