…
Read the full article at: https://www.wwlp.com/news/world/charity-buys-and-erases-past-due-medical-debt-to-help-families-during-holiday-season/1674393418
…
Read the full article at: https://www.wnct.com/news/national/secret-santas-charity-buys-and-erases-past-due-medical-debt/1674473702
…
Read the full article at: https://www.wwlp.com/news/local-news/charity-buys-and-erases-past-due-medical-debt-to-help-families-during-holiday-season/1674393418


In 2018, over Rs 80,000 crore was recovered from various corporate debtors. Photo:istock
New Delhi: Tasked with a key job of helping recover unpaid corporate loans, the NCLT has helped resolve insolvency and bankruptcy proceedings involving more than Rs 80,000 crore in the year passing-by and the kitty is expected to swell beyond Rs 1 lakh crore in 2019 with several big-ticket default cases pending.
Plans are afoot to further strengthen the National Company Law Tribunal (NCLT) by increasing number of judges and benches and provide adequate infrastructure to fast-track the process, according to government officials.
The new year will not only test the mettle of the Insolvency and Bankruptcy Code (IBC), but also of the NCLT and its appellate …
Read the full article at: https://www.livemint.com/Companies/HivcqyYSmVjf6hZDIvY2KM/NCLT-helps-recover-Rs-80k-crore-in-2018-Kitty-may-cross-Rs.html
Tasked with a key job of helping recover unpaid corporate loans, the NCLT has helped resolve insolvency and bankruptcy proceedings involving more than Rs 80,000 crore in the year passing-by and the kitty is expected to swell beyond Rs 1 lakh crore in 2019 with several big-ticket default cases pending.
Plans are afoot to further strengthen the National Company Law Tribunal (NCLT) by increasing number of judges and benches and provide adequate infrastructure to fast-track the process, according to government officials.
The new year will not only test the mettle of the Insolvency and Bankruptcy Code (IBC), but also of the NCLT and its appellate body NCLAT, as several high-profile cases need to be resolved — Essar Steel (involving over Rs 80,…
Read the full article at: https://www.businesstoday.in/current/corporate/nclt-helps-recover-rs-80k-cr-in-2018-kitty-may-cross-rs-1-lakh-cr-in-2019/story/304122.html
Ramdev. Photo: Pradeep Gaur/Mint
New Delhi: Baba Ramdevs Patanjali Ayurved is still interested in taking over bankruptcy-bound Ruchi Soya after the highest bidder Adani Wilmar wrote to resolution professional raising concerns over deterioration of asset quality of the edible oil firm due to delay in completion of the insolvency process.
In December 2017, Indore-based Ruchi Soya Industries entered the Corporate Insolvency Resolution Process (CIRP). Shailendra Ajmera was appointed resolution professional (RP) by the NCLT on the application of creditors Standard Chartered Bank and DBS Bank under the Insolvency and Bankruptcy Code.
According to sources, Adani Wilmar, which was declared as the highest bidder in August to acquire Ruchi Soya with …
Read the full article at: https://www.livemint.com/Industry/yzGJFqRnLrWmUZaet7xVJI/Patanjali-says-still-interested-in-Ruchi-Soya-lead-bidder-A.html




