bankruptcy code

 

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.

CoC yet to approve resolution plans: Alok Industries

Apr 16 2018

Alok Industries said the Committee of Creditors (CoC) has not approved resolution plans for the company within 270 days mandated under IBC.

Govt needs to re-look at certain provisions of IBC: Kotak

Apr 12 2018

Govt needs to re-look certain provisions of IBC as a situation might emerge where there is only one buyer for a stressed asset, Uday Kotak said.

Loan write-offs decline to 13% of gross NPAs in FY17: RBI data

Apr 04 2018

Loan write-offs as percentage of gross NPAs declined to 13% as on March 2017 from a high of 25% in March 2011, according to RBI data.

Rs 4 lakh cr NPAs have returned due to insolvency system:Official

Apr 04 2018

"If you have 5-6 good outcomes, it will enhance confidence in the system, both domestically and among foreign investors," he said.

Changes to insolvency law to be prospective, says MCA official

Apr 04 2018

Injeti Srinivas said that the amendments, as and when implemented, would be prospective in nature.

Sebi to discuss various market reforms at board meet on Mar 28

Mar 27 2018

Sebi will discuss a slew of measures at its board meeting for strengthening the algo trading framework, amending norms for companies undergoing bankruptcy proceedings.

Sebi plans amending norms for cos undergoing insolvency proceedings

Mar 21 2018

Sebi plans to bring in additional disclosure requirements for listed corporates undergoing insolvency proceedings.

Ultratech makes Rs 7266-cr out-of-court offer to Binani Cement

Mar 19 2018

Ultratech Cement made an offer to take over loan defaulter Binani Cements for Rs 7,266 crore, posing a challenge to the nascent bankruptcy resolution process.

UltraTech to buy Binani Cement, seeks end to insolvency proceedings

Mar 19 2018

UltraTech said it has entered into an agreement with Binani Industries to buy 98 pc stake in its debt ridden subsidiary BCL which is going through insolvency proceedings.

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Global Markets

 

Stocks In News

 

ZENSAR TECH Q4

Revenue up 9.5% at Rs 814 Cr vs Rs 743 Cr

EBIT up 79% at Rs 82 Cr vs Rs 45.8 Cr

EBIT margin at 10% vs 6.1%

Net Profit up 6.9x at Rs 74 Cr vs Rs 10.7 Cr

Other Income at Rs 26.7 Cr vs Loss of Rs 22.8 Cr

All figures are consolidated and comparable QoQ

PERSISTENT TECH Q4

Net Sales up 19% at Rs 344 Cr vs Rs 289 Cr

EBITDA up 15.7% at Rs 191 Cr vs Rs 165 Cr

EBTDA Margin at 55.5% vs 57%

Net Profit up 40.5% at Rs 142 Cr vs Rs 101 Cr

All figures are Consolidated & comparable YoY

OBEROI REALTY Q4

Net Sales up 19% at Rs 344 Cr vs Rs 289 Cr

EBITDA up 15.7% at Rs 191 Cr vs Rs 165 Cr

EBTDA Margin at 55.5% vs 57%

Net Profit up 40.5% at Rs 142 Cr vs Rs 101 Cr

All figures are Consolidated & comparable YoY

GIC HSG FINANCE Q4

PAT At Rs 60 Cr vs Rs 46.6 Cr, Up 28.8% YoY

NII at Rs 109 cr vs Rs 100 cr, up 9%

Revenue From Ops At Rs 296 Cr Vs Rs 266 Cr, Up 11.3% YoY

IDFC BANK Q4

PAT Rs 41.9 Cr vs Rs 176 Cr, Down 76% YoY

NII At Rs 453 Cr vs Rs 502 Cr, Down 10% YoY

Gross NPA At 3.31% vs 5.62% QoQ;

Net NPA At 1.69% vs 2.52% QoQ

Provisions At Rs 242 Cr vs Rs 108.6 Cr , up 2.2x QoQ

RAYMOND Q4

Revenue Rs 1,655 Cr vs Rs 1,506 Cr, Up 10% YoY

EBITDA Rs 176 Cr vs Rs 145 Cr, Up 21% YoY

EBITDA Margin 10.6% vs 9.6% YoY

PAT Rs 53 Cr vs Rs 33 Cr, Up 60% YoY

All Figures Are Consolidated

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