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NTPC marks first acquisition under IBC

Infrastructure

06 September, 2022

NTPC marks first acquisition under IBC

State-run power major NTPC has acquired Jhabua Power Limited (JPL) through the Insolvency and Bankruptcy Code (IBC) process. It is the ......

Bourses issue rules for bankrupt firms to address info asymmetry among investors

Economy

09 July, 2021

Bourses issue rules for bankrupt firms to address info asymmetry among investors

India’s two major stock exchanges BSE and NSE on Friday directed companies undergoing the insolvency process to make timely disclosures ......

Essar Shipping sails away from bankruptcy after settling up with L&T Finance

Finance

09 April, 2021

Essar Shipping sails away from bankruptcy after settling up with L&T Finance

Essar Shipping, the group’s second firm to fall into bankruptcy, has exited insolvency after settling up with creditor L&T Finance. In ......

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As companies hit the rocks and sink, lenders scour the wreck and get zilch

Finance

27 May, 2020

As companies hit the rocks and sink, lenders scour the wreck and get zilch

The liquidation process under the bankruptcy law has eroded almost 99% of the value of claims made for the 69 ......