Tag: Insolvency

Over 25000 MSMEs Complaints For Insolvency Process: FISME
LimeLight

Over 25000 MSMEs Complaints For Insolvency Process: FISME

SMEStreet Desk- December 31, 2019

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
LimeLight

Homebuyers Seek Revision on NBCC’s Latest Bid in Jaypee Infra Insolvency

SME STREET- November 24, 2019

“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
Finance, Banking & Finance

Anil Ambani Resigns from Directorship of Reliance Communications

SMEStreet Desk- November 18, 2019

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
LimeLight, News

Corporate Affairs Ministry Notifies Insolvency Law for Financial Services Companies

SME STREET- November 16, 2019

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
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Vendors Concerned Over BSNL/MTNL Insolvency Process

SMEStreet Desk- November 5, 2019

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
InFocus, Finance

Lending Groups To Urge NCLT to Continue Eight Insolvency Proceedings

SMEStreet Desk- April 11, 2019

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
News, Office Tech

Anil Ambani’s RCom to File Insolvency After Failing to Repay Debt

SMEStreet Desk- February 2, 2019

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