The NCLT adjudicating on insolvency cases requires superior infrastructure that allows NCLT benches to be set up in proportion to firms in the region, SBI said.
NCLT asked the Committee of Creditors of Bhushan Steel to consider the objections raised by its employees over the bids submitted by Tata Steel.
The IBC (Amendment) Ordinance was promulgated on Nov 23, 2017, following which wilful defaulters were barred from submitting resolution plan.
The International Monetary Fund has said banking reforms like insolvency code and recapitalisation will be ineffective unless governance standards are improved.
State-run Power Finance Corp has approached NCLT to start insolvency proceedings against promoters of stressed power projects, officials said.
NIBC Holding NV, a Hague-based Dutch bank, will seek an initial public offering of shares in Amsterdam, the company said.
UK IBC said more certainty, predictability and clarity regarding retrospective taxation would help companies from the UK to invest more in India.
Around 15 financial technology (fintech) companies from Britain held roundtable discussions here to explore opportunities for expanding in the Indian market.
RBI came out with a revised framework for expeditious resolution of bad loans, harmonising the existing guidelines with the norms specified in the IBC.
Global steel major ArcelorMittal said it has submitted an offer for debt-laden Essar Steel, which is undergoing insolvency proceedings.
Blackstone to buy 80% in Pune mall for Rs 310 Cr
Blackstone Group is set to buy an 80% majority stake in Nitesh Hub
Remaining stake in the mall will remain with Nitesh Estates
Eyes palm oil business and may join race to acquire Ruchi Soya
Godrej Agrovet is yet to formally approach Ruchi Soya on the same
ITC , Patanjali Ayurved and Emami are other cos which have shown interest
SC upholds sale of hotel property of Blue Coast Hotels by co
Earlier, Bombay HC had set aside the sale
SC sets aside Bombay HC ruling
SC allows IFCI to retain sale proceeds of Rs 515.4 cr
Gets USFDA nod for ANDA for Metformin Extended Release tablets
Gets approvals for drugs of strength 500 mg, 750 mg
Approved ANDA bioequivalent of Glucophage XR of Bristol Myers Squibb
Co eyes to commercialise product soon
Gets Shareholders' Nod for sale of equity shares of unit Hypercity Retail
FPI limit under Portfolio Investment Scheme increased from 24% to 49%