Alok Industries said it would not be able to file quarterly and annual results as it is facing liquidation before the NCLT under the Insolvency & Bankruptcy Code (IBC).
The govt's decision to approve an ordinance entailing amendments to IBC will expedite resolution of a large number of cases pertaining to NPAs, Ficci said.
Kumar said the government will provide capital support to public sector banks (PSBs) and not allow any one of them to default.
The Cabinet today cleared amendments to the Insolvency and Bankruptcy Code (IBC), incorporating changes suggested by a government appointed panel.
Renaissance Steel has approached NCLAT requesting to declare "ineligible" the Tata Steel's bid for the debt-ridden Electrosteel Steel's under IBC.
Binani Industries offered to clear the 100 per cent claims of creditors at the National Company Law Appellate Tribunal.
Metals and mining giant Vedanta Ltd today said it has got the go-ahead from fair trade watchdog CCI to acquire the bankrupt Electrosteel Steels Ltd.
Under this scheme, the bank concerned will get PSC to the extent of its provision against the bad loans and conserve its capital, sources said.
NCLT has suggested to IBBI that there is a need to review the insolvency code regulations to ensure that they are not "misused or misinterpreted".
Home buyers of Jaypee Infratech has written to IRP that the interests of thousands of people who booked flats in Jaypee Wishtown proj should be protected.
Bags EPC packages of Purvanchal Expressway in Uttar pradesh of Rs 1738 Cr
Approved buyback of 29 Lk shares amounting Rs 200.2 Cr
Tamil Nadu Pollution Control Board ordered disconnection of electricity
Disconnection is applicable for copper smelter unit-I at Thoothukudi district
Order requires closure of unit with immediate effect
Thoothukudi copper smelter unit has not been operating since Mar 27
Launched Silver Options, Total Traded Contract Value at Rs 34.36 Cr
Option Positions are physically settled & are European Style Options
Enters into merger talks with NSE For Universal Exchange Framework: Business Standard Reports
R Damani sells 0.8% Stake at Rs 1360.2/Sh
Deal Value at Rs 643 Cr