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Latest Articles in bankruptcy

Lenders File For Jet Airways' Bankruptcy; Hearing From Wednesday

The lenders have been trying to sell the airline as a going concern since the past five months, but failed due to many a reason.

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Government Asked Banks To Save Jet, Avoid Bankruptcy

New Delhi has urged state-run banks to convert debt into equity and take a stake in Jet in a rare move in India to use taxpayer money to save a struggling private-sector company from bankruptcy

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The Hidden Beauty In Bankruptcy

Is there any beauty in bankruptcy? Is there anything positive that can come out of such a horrible situation?

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Time For Board Scorecards

Strategy without tactics is the slowest route to victory; Tactics without strategy is the noise before defeat

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Wilful Defaulters Barred From Bidding Under Insolvency Law

As per the ordinance, corporates, promoters and associate companies undergoing insolvency resolution or liquidation under the Code would not be eligible for bidding for the stressed assets

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Insolvency And Bankruptcy Law Amended: Finance Ministry

The ministry said in a series of tweets that India's president had given clearance for the amendments, which follow cabinet approval on Wednesday

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Hope Other Agencies Follow Suit To Up India Rating: CEA

"It's a welcome development, but we also feel it was long overdue... it's a recognition of the actions that the government has undertaken like GST, bankruptcy. We also need to keep all these things in perspective," Chief Economic Adviser Arvind Subramanian said

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Debt Threat Lurking Behind India's Zombie Power Plants

A Reuters analysis of India's power output data shows over 50 coal- and gas-fired power plants in India are largely mothballed, or operating at a bare minimum

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'Indian Banks Need At Least $2.8 Billion Extra Provisioning For Bankruptcy Cases'

India Ratings, an affiliate of Fitch Ratings, estimated the current average provisioning towards those 12 accounts at 42 per cent

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Cabinet Clears Bill To Deal With Crisis In Banks, Insurers

The proposed Bill will provide for a comprehensive resolution framework to handle any bankruptcy situation in banks, insurers and financial sector entities.

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RBI To Direct Banks To Start Bankruptcy Proceedings Against 12 Defaulters

The Reserve Bank of India has identified 12 of the largest loan defaulters and will order lenders to start bankruptcy proceedings against them to start unclogging the $150 billion in bad debt plaguing Asia's third-largest economy

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Bankruptcy Code Can Push GDP By 2%, Says M S Sahoo

Insolvency and Bankruptcy Board of India Chairperson Dr. M. S. Sahoo, in an exclusive interview with BW Businessworld’s Suman K Jha, says that with the Insolvency and Bankruptcy Code, 2016, the country has got a futuristic, robust and vibrant insolvency regime, and that it has the potential to push up GDP growth by about 2 per cent, apart from improving ease of doing business, developing corporate debt market, promoting entrepreneurship, and helping inclusive growth, in the days to come

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Government Officials Propose Break-up Of Coal India

Senior government officials tasked by the prime minister with reviewing energy security are recommending the break up of the country's coal monopoly, Coal India, within a year

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Parliament Passes Bankruptcy Code Bill

After the Narendra Modi government suffered an embarrassment over the Uttarakhand fiasco, it was being feared that the Congress might stall the passage of the bill

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Ambitious New Bankruptcy Code May Take Years To Clean Up India's Debt Mess

Bankers back the new bankruptcy code, which would impose debt deadlines on failed firms and foresees up to five years in jail for debtors who conceal property or defraud creditors

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