Global Financial Market Review

Banking - Published date: Thursday March 16, 2023.

The settling of dues of about Rs 837 million ($10 million) to the lender could happen as early as Friday and the Mumbai-... Read more

World - Published date: Friday February 24, 2023.

IndusInd Bank, one of Zee’s financial creditors, in February 2021 had moved a section 7 application before the NCLT to... Read more

Banking - Published date: Thursday February 23, 2023.

"No fresh month contracts will be issued on the expiration of February 2023 contracts," the exchange says in a circular Read more

World - Published date: Thursday January 05, 2023.

The tribunal observed that company's plea to initiate insolvency proceedings against itself under Section 10 of IBC was ... Read more

Banking - Published date: Monday April 25, 2022.

The company said that Yes Bank Ltd has allegedly claimed that the total amount in default with respect to a financial fa... Read more

Banking - Published date: Monday December 06, 2021.

The bankruptcy tribunal has also confirmed the appointment of Y Nageswar Rao as the administrator of the company Read more

Banking - Published date: Monday December 06, 2021.

The RBI had moved NCLT last week to initiate insolvency proceedings against the company. Read more

Banking - Published date: Sunday September 12, 2021.

In July, the NCLAT closed insolvency proceedings against Oyo and one of its subsidiaries, and also disallowed the interv... Read more

Banking - Published date: Thursday August 27, 2020.

Ambani had given personal guarantees for the Rs 565 crore and Rs 635 crore SBI loans to RCom and Reliance Infratel (RITL... Read more

Banking - Published date: Friday August 14, 2020.

A three-member NCLAT bench observed that a decree-holder cannot be treated as financial creditor for the purpose of trig... Read more