Tag: Insolvency
Over 25000 MSMEs Complaints For Insolvency Process: FISME
The dues of 25,000 MSMEs could be stuck in companies that are under the Corporate Insolvency Resolution Process (CIRP) and another 75,000 could be affected ... Read More
Homebuyers Seek Revision on NBCC’s Latest Bid in Jaypee Infra Insolvency
“The homebuyers unequivocally wish that NBCC should take over the JIL (Jaypee Infratech Ltd). You are hereby instructed to endeavor to negotiate with NBCC so ... Read More
Anil Ambani Resigns from Directorship of Reliance Communications
The chief financial officer of the debt-ridden company Manikantan V has also resigned, the filing said."Shri Anil D Ambani, Smt. Chhaya Virani, Smt. Manjari Kacker ... Read More
Corporate Affairs Ministry Notifies Insolvency Law for Financial Services Companies
The Government notified rules under the insolvency law to deal with resolution of systemically important financial service providers, excluding banks. The corporate affairs ministry has ... Read More
Vendors Concerned Over BSNL/MTNL Insolvency Process
The pending payments are against the supply of telecom gear and other goods to BSNL and MTNL as well as Rs 45,000-crore rural broadband project ... Read More
Lending Groups To Urge NCLT to Continue Eight Insolvency Proceedings
Lenders, however, said that they would also wait for the issue of a new circular from the RBI to start resolution of other stressed assets. ... Read More
Anil Ambani’s RCom to File Insolvency After Failing to Repay Debt
RCom even failed to sell spectrum to Mukesh Ambani's Reliance Jio, a deal that was expected to bring some relief to the cash-strapped company. "RCom ... Read More