Infra lending may take back seat as RBI refuses to budge on NPA

The new rules aim at quick reporting of defaults, coming out with resolution plans for defaulting companies and time-bound referrals of defaulting firms to NCLT.

NCLT asks Bhushan Steel CoC to consider Liberty House bid

Apr 23 2018

NCLT asked the lenders of Bhushan Power & Steel, led by PNB, to consider the bid submitted by UK-based Liberty House for the debt-ridden company.

PNB scam: Govt intervenes in Nirav Modi firms' bankruptcy case in US

Apr 22 2018

The govt has intervened in the bankruptcy proceedings of Nirav Modi firms in the US to protect the interests of Punjab National Bank, Union minister P P Chaudhary said.

Right to equality can be invoked if COC violates IBC: NCLT

Apr 21 2018

"Article 14 of the Constitution can come in case of COCs (committee of creditors) violate IBC (Insolvency and Bankruptcy Code) law," Kumar said.

RBI worried over rise in one-day default norms breach

Apr 18 2018

Reserve Bank deputy governor NS Vishwanathan today raised concerns over the large number of borrowers failing on the one-day default norm.

NCLT approves Vedanta's resolution plan for Electrosteel

Apr 17 2018

The National Company Law Tribunal's (NCLT) Kolkata bench approved Vedanta Ltd's resolution plan for the insolvent Electrosteel Steels Ltd.

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