Search result for 'liquidation value'

Over 30,000 cases were settled before admission under the Insolvency and Bankruptcy Code (IBC) till December 2024, covering defaults worth Rs 13.78 lakh crore, an IBBI official said.

Gross non-performing assets (NPAs) of public sector banks (PSBs) reached Rs 3.16 lakh crore as of September 30, 2024, representing 3.09% of outstanding loans, Parliament was informed on Tuesday.

The NCLAT has directed IndusInd International Holdings Ltd to respond to a plea filed by Reliance Capital lenders seeking interest on payment for the extended period.

India's Insolvency & Bankruptcy Code (IBC) has helped settle Rs 10.2 lakh crore in defaults since 2016, with real estate companies accounting for a significant portion. The IBC has also enabled...

YEIDA has withdrawn its appeal against Ace Infracity's bid for Three C Homes after accepting a proposal for farmer compensation. The NCLAT approved the bid, which includes a Rs 140.39 crore...

The IBBI has proposed amendments to insolvency rules aimed at enhancing efficiency and reducing costs. Public comments are invited until July 10.

Finance Minister Nirmala Sitharaman highlights the success of the Insolvency and Bankruptcy Code (IBC), criticizing Congress for hindering economic growth with regressive policies.

NCLAT has upheld Adani Goodhomes' resolution plan for Radius Estate, giving creditors a 93% haircut. The plan was opposed by dissenting financial creditors, but the tribunal said it was 'commercial...

NCLAT rejects SBI's objection to the liquidation value of ITPCL, upholding the debt restructuring plan approved by majority lenders. Read more.

NCLT approves IndusInd International Holdings' Rs 9,650 crore resolution plan for Reliance Capital, resulting in a 63% haircut for lenders. Learn more about the deal and its implications.

IBBI reports a surge in debtors resolving cases before insolvency proceedings, attributing it to the credible threat of ownership change. Over 27,500 applications withdrawn before admission,...