Mukesh Ambani Breaks Into The Global Top 10 Richest List
Mukesh Ambani, the chairman of the Reliance Industries Ltd forayed into the top 10 richest list globally. According to the Hurun Global Rich List 2019,...
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NCLAT Stays All Liquidation Proceedings Against Bharati Defence
The National Company Law Appellate Tribunal (NCLAT) has put a hold on the ongoing liquidation of Bharati Defence and Infrastructure Ltd. The liquidator has been...
NCLAT Bars RCom From Selling Assets Till February 12
The National Company Law Appellate Tribunal (NCLAT) had directed Reliance Communications (RCom) and any associated third party to not sell, transfer or alienate any of...
RCom Shares Hit Low as the Company Approaches Bankruptcy
Debt-oppressed Indian telecoms company Reliance Communications Ltd (RCom) has hinted towards a possibility to sell of telecom infrastructure assets, airwaves and real estate to pay...
SBI Puts Rs. 15,400 Crores Of Essar Steel Loan On Sale
The largest lender in the country, State Bank of India (SBI) has put its entire loan of Rs 15,431 crores to Essar Steel on sale...
RBI Says IBC, SARFAESI Act Enabled Banks Recover More Bad Loans
According to the RBI data & report, Insolvency and Bankruptcy Code (IBC) and amendments in the Securitisation and Reconstruction of Financial Assets and Enforcement of...
IL&FS Planning To Sells Stake In Two New Entities
Infrastructure Leasing & Financial Services (IL&FS) board has advanced its efforts to reduce the debt burden on the group, by initiating the process to sell...
Interpol Issues Red Corner Notice Against Mehul Choksi
A Red Corner Notice by the Interpol has been issued against fugitive billionaire Mehul Choksi who is accused of duping Punjab National Bank and defrauding...
Eight To Ten IL&FS Subsidiaries Soon To Be Sold
As per Govt-appointed board of directors, soon eight to ten subsidiaries of Infrastructure Leasing and Financial Services Ltd (IL&FS) will go up for sale, as...
Revival Plan Still Underway For Debt-Ridden Jaypee Infratech
There are hope still alive for Jaypee Infratech Ltd. as NBCC Ltd, Kotak Investment, L&T Infrastructure, Singapore-based Cube Highways, and Suraksha group have shown interest...