BRIEF-Bharati Defence & Infra announces initiation of corporate insolvency resolution process – Reuters

Bharati Defence & Infrastructure Ltd * Intimation of initiation of corporate insolvency resolution process (CIRP), appointment of interim resolution professional (IRP) Source text: bit.ly/2rHMWGk Further company coverage: ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(‘ Also In Bankruptcy News ‘); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var $relatedContentGroupTwo = $(‘.related-content.group-two ul’); $.each($relatedItems, function(k,v) { if…

BRIEF-Bharati Defence & Infra announces initiation of corporate insolvency resolution process – Reuters

June 19 Bharati Defence & Infrastructure Ltd * Intimation of initiation of corporate insolvency resolution process (CIRP), appointment of interim resolution professional (IRP) Source text: bit.ly/2rHMWGk Further company coverage: ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(‘ Also In Bankruptcy News ‘); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var $relatedContentGroupTwo = $(‘.related-content.group-two ul’); $.each($relatedItems, function(k,v)…

Bad loan accounts: IDBI starts insolvency proceedings against Lanco Infratech – Deccan Chronicle

Mumbai: Insolvency proceeding against Lanco Infratech, one of the 12 loan defaulting banks identified by the Reserve Bank of India (RBI) has been started by IDBI. The proceeding comes on the heels of the RBI directing certain banks to take action against defaulting borrowers. According to the Economic Times, IDBI has initiated the proceeding under…

Insolvency And Bankruptcy Board Notifies Fast Track Insolvency … – Live Law

The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017. The Ministry of Corporate Affairs has notified the relevant sections 55 to 58 of the Insolvency and Bankruptcy code,2016 pertaining to the Fast Track Process and also notified that…

Bankruptcy Board notifies norms for fast-track insolvency resolution for start-ups – Livemint

The rules notified by the insolvency regulator explain the procedures and timelines to be followed to help in resolution of insolvency within 90 days such as announcement of the appointment of interim resolution professionals (IRPs) and submission of claims of financial dues. Photo: AFP More From Livemint » Mumbai: The Insolvency and Bankruptcy Board of…

RBI Directs IDBI Bank To Start Insolvency Proceeding Against Lanco Infratech – NDTV

New Delhi: Lanco Infratech today said the Reserve Bank has directed its lead lender IDBI Bank to initiate insolvency proceedings for the company under the Insolvency and Bankruptcy Code (IBC). “Lanco Infratech Limited (LITL)…vide letter dated June 17, 2017, intimated under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that Reserve Bank…