NEW DELHI: RBI today withdrew a portion of its earlier statement in which it had said that 12 cases identified by it for insolvency proceedings would be accorded priority by the National Company Law Tribunal (NCLT) “stands deleted”. On June 13, RBI had said it has identified 12 accounts for insolvency proceedings with each of…
The banking sector is saddled with non-performing assets (NPAs) of over Rs 8 lakh crore. New Delhi: RBI today withdrew a portion of its earlier statement in which it had said that 12 cases identified by it for insolvency proceedings would be accorded priority by the National Company Law Tribunal (NCLT) “stands deleted”. On June…
New Delhi, Jul 8 () RBI today withdrew a portion of its earlier statement in which it had said that 12 cases identified by it for insolvency proceedings would be accorded priority by the National Company Law Tribunal (NCLT) “stands deleted”. On June 13, RBI had said it has identified 12 accounts for insolvency proceedings…
AHMEDABAD: The Gujarat High Court today prevented the National Company Law Tribunal from conducting any further proceeding against Essar Steel till July 12 under the Insolvency and Bankruptcy Code. A bench of Justice S G Shah stopped the NCLT from proceeding further against the Essar Steel on the firm’s contention that the RBI‘s direction to…
Stay on NCLT proceedings wll continue; RBI admits error in June 13 press release Ahmedabad, July 7: The Gujarat High Court on Friday adjourned the hearing on the Essar Steel Ltds petition challenging the insolvency proceedings filed by its lenders at the National Company Law Tribunal (NCLT) to July 12. This means that stay on…
By Ryan Smith for MailOnline Published: 21:30 +10:00, 7 July 2017 | Updated: 21:31 +10:00, 7 July 2017 e-mail 8 View comments It’s presumably been a tough few weeks for Boris Becker and his Lilly, after the former tennis ace was declared bankrupt late last month. But on Thursday, the couple showed that they were…
The Gujarat High Court will on Friday hear Essar Steels petition for staying the insolvency proceedings against the company over a plea submitted by its lenders at the National Company Law Tribunal (NCLT). Adjourning the hearing till July 7, the high court’s single-judge bench had asked the Reserve Bank of India (RBI) to…
NOIDA: Buyers of Jaypee Wish Town have started an online petition directed to the management of the Industrial Development Bank of India (IDBI), seeking amnesty for Jaypee Infratech from an impending declaration of bankruptcy. The appeal harps that invested buyers should not have to bear the brunt of Jaypee’s financial situation. The campaign, floated on…
Jawbone is reportedly going out of business. Sarah Tew/CNET It might be time to say goodbye to Jawbone. The electronics company, known for its fitness trackers and portable speakers, has started liquidation proceedings after years of financial struggle, The Information reported on Thursday. A notice sent to creditors reportedly said the company entered into insolvency…
Council vice president Major Sombat Wongkamhaeng, who also chairs the Thai Bars committee on legal aid, said the name of the 59-year-old Pisit was struck from the list because he had been declared insolvent in 2004. After the registrar and Pisit are notified of the councils resolution, Pisit will no longer be able to present…
