Search result for 'ibc process'

JFE Steel to invest Rs 15,750 crore in a JV with JSW Steel's BPSL. The JV will include BPSL's integrated steel plant in Odisha.

Assocham suggests tax simplification, rationalisation for the upcoming Union Budget to boost investments & ease business.

Madhvani Group's INSCO takes over HNGIL, initiating revival with site visits and a Rs 2,250 crore investment. Learn about the turnaround plan.

INSCO completes acquisition of HNGIL under IBC. Rs 2,250 crore plan approved by NCLT. New board takes charge for turnaround.

Vedanta wins bid for Jaiprakash Associates with Rs 4,000 cr upfront payment & balance over 5-6 years. Beating Adani Group in auction.

Future Generali India Insurance aims to reach Rs 10,000 crore gross written premium by 2030, driven by strong growth and strategic acquisitions. Read more on their ambitious expansion plan.

Mentor Capital offloads 3.41% stake in Authum Investment & Infrastructure Ltd for Rs 1,307 crore. Fidelity and Goldman Sachs among buyers.

Creditors have recovered Rs 3.58 lakh crore through resolution plans under India's insolvency law, according to official data. Learn more about the impact of the Insolvency and Bankruptcy Code (IBC).

RBI Deputy Governor advocates for an enforceable code of conduct for the Committee of Creditors (CoC) under India's Insolvency and Bankruptcy Code (IBC) to improve creditor behavior and enhance...

Adani Group's Rs 12,500 crore bid for KSK Mahanadi Power has sparked a bidding war, with other companies revising their offers upwards. This could lead to a full recovery for the distressed power...

UCO Bank recovers Rs 414 crore from bad loans through the NCLT mechanism in Q2FY'24, with significant improvement in asset quality. Gross NPA ratio falls to 3.18%, while domestic advances rise...

A survey reveals that insolvency professionals face significant challenges from statutory authorities during the IBC process, including delays and conflicting demands.

Creditors' haircuts in Indian bankruptcy cases rose to 73% in FY24, with resolution times increasing, according to Icra report. Learn about the impact on creditors and the insolvency process.

RBI Governor Shaktikanta Das advocates for pre-packaged insolvency resolution as a game changer for resolving stressed assets, highlighting its potential benefits for both creditors and debtors.

NARCL successfully acquires SREI Equipment Finance and SREI Infrastructure Finance under the Insolvency and Bankruptcy Code, resolving a significant Rs 32,700 crore financial debt.