IBC

9,653 cases resolved under IBC: Corporate Affairs Ministry

New Delhi: Out of 21,136 applications filed, 9,653 cases involving a total amount of approximately Rs 3,74,931.30 crore have been disposed of at the pre-admission stage of Insolvency and Bankruptcy Code, 2016…

Revival of Jet Airways possible only under IBC: Hardeep Puri

New Delhi The Central government on Thursday ruled out raising funds for the beleaguered Jet Airways and asserted that its revival was now possible only under Insolvency & Bankruptcy Code (IBC). “Each…

NCLT admits insolvency plea by SBI against Jet Airways

Mumbai (Maharashtra): The local bench of National Company Law Tribunal (NCLT) on Thursday admitted the insolvency application filed by the State Bank of India (SBI) against grounded Jet Airways. A Bench of…

Lenders to take Jet Airways to NCLT, revival hope gets bleaker

NEW DELHI: The future of the grounded Jet Airways just got a shade bleaker on Monday with the lenders, led by State Bank of India (SBI), deciding to initiate bankruptcy proceedings against…

Thermal power projects with Rs 2.5 lakh crore under stress, says ASSOCHAM-Grant Thornton study

New Delhi: Investments worth over Rs 2.5 lakh crore in thermal sector projects, based on domestic coal, imported coal, and gas, are facing stress and immediate remedial measures need to be undertaken…

SC upholds Insolvency and Bankruptcy Code in entirety

New Delhi : The Supreme Court on Friday upheld the Insolvency and Bankruptcy Code (IBC) in a landmark judgment which will bar defaulting promoters from bidding for their own assets. The apex…