Category Archives: Liquidation

Corporate Insolvency and Governance Act provides breathing space to businesses left struggling by the Covid-19 pandemic | TheBusinessDesk.com – The Business Desk

As part of his firms latest advice on the topic, Sam Pedley, a partner and award-winning insolvency expert at mfg Solicitors, runs through the main changes and the delicate balancing act of helping businesses to survive. The Corporate Insolvency and Governance Act 2020 brings into effect the most significant changes to UK insolvency law in…

Financial creditors may realise 55,000-60,000 crore through IBC in FY22: Report – Mint

MUMBAI : Financial creditors may realise 55,000-60,000 crore in fiscal 2021-22 through successful resolution plans from the Insolvency and Bankruptcy Code (IBC), credit rating agency Icra has said. The realisation for financial creditors from the resolution of Corporate Insolvency Resolution Process (CIRP) under the IBC declined significantly in FY2021 with a total resolution amount of…

Creditors may realise Rs 55,000-60,000 cr through IBC in FY22: Report – Business Standard

The agency believes that there have been some positive outcomes from the presence of the IBC despite the delays that are becoming common. TopicsIBC|IBC resolution|debt resolution Financial creditors may realise Rs 55,000-60,000 crore in fiscal 2021-22 through successful resolution plans from the Insolvency and Bankruptcy Code (IBC), credit rating agency Icra has said. The realisation…

DHFL back in the black, posts Rs 97-crore net profit in March quarter – Business Standard

While its committee of creditors as well as the RBI and the CCI, have given their approval to the resolution plan put forward by the Piramal Group, the plan is awaiting the NCLT TopicsDHFL|Housing Finance|NCLT Mortgage lender Dewan Housing Finance Limited (DHFL) has reported a net profit of Rs 97 crore on a standalone basis…

DHFL FY21 net loss widens to Rs 15,051 cr, posts Rs 97 cr profit in Jan-Mar – Business Today

Dewan Housing Finance Ltd (DHFL) on Sunday reported widening of its FY21 consolidated net loss to Rs 15,051.17 crore as compared with a loss of Rs 13,426.85 crore in FY20. Total income declined to Rs 8,802.79 crore in FY21 from Rs 9,578.85 crore in FY20. However, the company, which is under corporate insolvency process, posted…

Tata Steel Mining gets successful resolution applicant for Rohit Ferro-Tech – Business Standard

Tata Steel Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said on Sunday. TopicsTata Steel|Mining industry Tata Steel Mining Limited (TSML) has been declared as the successful resolution applicant by the creditors of Rohit Ferro-Tech Limited, steel major Tata Steel said…

DHFL Q4 results: Co reports Rs 97 cr quarterly profit; full year loss at Rs 15,051.17 cr – Economic Times

New Delhi: Dewan Housing Finance Corporation ( ) on Sunday reported a consolidated net profit of Rs 96.75 crore for the last quarter of fiscal ended in March 2021. The company, which is under corporate insolvency process, had posted a net loss of Rs 7,507.01 crore in the January-March quarter of the year-ago fiscal. The…

DHFL reports net profit of Rs 96.75 crore in Q4 – BusinessLine

Dewan Housing Finance Corporation Ltd (DHFL) reported a consolidated net profit of Rs 96.75 crore for the fourth quarter of 2020-21 as against a net loss of Rs 7,507.01 crore a year ago. For the full fiscal 2020-21, it had a consolidated net loss of Rs 15,051.17 crore compared to a net loss of Rs…

Oyo-NCLT case: Hotelier to withdraw insolvency plea against Oyo unit – Business Standard

Rakesh K Yadav says he got Rs 16 lakh as part of settlement TopicsOyo|NCLT Neha Alawadhi | New Delhi Last Updated at June 5, 2021 18:11 IST Gurugram-based hotelier Rakesh K Yadav, who filed a plea with the The National Company Law Tribunal against a unit of hospitality firm Oyo, has withdrawn the case after…

Developer who owns Hamilton site where two houses were set alight had company go into administration last year – ABC News

Controversy over two old houses catching fire on a block sited for a Brisbane townhouse development has come at a bad time for the developer high-profile property investor Sasha Hopkins. Key points: Sasha Hopkins owns a business that went into administration last year owing about $9 million to at least 70 creditors An investigation is…