Bankruptcy claim against Yashma co-owner Mavlyanov reaches court – RAPSI

10:56 05/03/2018 MOSCOW, March 5 (RAPSI) Yury Burlyak, property manager for the co-owner of Yashma group Igor Mavlyanov, has asked the Voronezh Region Commercial Court to declare the entrepreneur bankrupt, the court documents read. In November 2017, the court granted a motion to initiate the procedure of debt restructuring against Mavlyanov. The applicant in this…

IDBI Bank may initiate insolvency process against Orissa Slurry Pipeline – Livemint

Orissa Slurry Pipeline is a 253km pipeline that is responsible for transporting about half the raw materials for Essar Steels plant in Odisha. Mumbai: IDBI Bank Ltd is likely to initiate insolvency proceedings against Orissa Slurry Pipeline Infrastructure Ltd, the company that operates the pipeline supplying raw materials to Essar Steel Ltds Odisha plant, according…

NCLT admits SBI’s insolvency proceedings against IVRCL – Hindu Business Line

State bank of India has taken the debt trapped Hyderabad-based construction and infrastructure company IVRCL Limited to the National Company Law Tribunal. The Hyderabad-branch of the NCLT, while admitting the SBI petition, against IVRCL, which is amongst 28 accounts on the Reserve Bank of India list of large non performing assets, appointed Sutanu Sinha as…