Debt Resolution Plan News

Companies

Jet Airways creditors’ meet ends without a deal

While few details emerged from the meeting, officials said that Etihad Airways wanted Jet Airways promoter and founder Naresh Goyal to reduce his stake to 20% while being given a board seat

3 min read17 Jan 2019
Companies

Jet Airways proposes late debt repayments to creditors

Jet Airways proposed a 'resolution plan' that would involve making payments on loans originally due in December, January and February in several tranches between March 31 and September 30

1 min read10 Jan 2019
Companies

Banks propose $900 million turnaround plan for Jet Airways

The Jet Airways' debt resolution plan, if approved by all stakeholders, will trigger a change in Jet Airways' shareholding pattern, with founder chairman Naresh Goyal's stake falling below the current 51%

2 min read10 Jan 2019
Companies

Dena, Kotak banks withdraw plea against Alok Industries RP

Dena Bank and Kotak Mahindra Bank had objected to Reliance Industries and JM financial resolution plan for Alok Industries, which owes lenders 29,600 crore

2 min read5 Nov 2018
Companies

Aban Offshore hires Deloitte to draw up a debt resolution plan

Deloitte, while formulating the debt resolution plan, will take into consideration the one-time settlement that Aban Offshore has offered to its lenders

2 min read25 Sep 2018
Companies

Banks reviewing Reliance Naval’s debt resolution plan: Anil Ambani

Reliance Naval is one of the companies which lenders have decided to refer to the NCLT following the end of RBI's debt resolution deadline

2 min read29 Aug 2018
Companies

NCLT admits Videocon case, Venugopal Dhoot says banks to recover 80% debt

The NCLT has also approved the name of Anuj Jain as interim resolution professional to conduct the corporate insolvency resolution process of Videocon

1 min read7 Jun 2018
Companies

NCLAT allows Vedanta to make Rs5,320 crore upfront payment for Electrosteel Steels

The NCLAT, however, reserved its verdict on Vedanta's eligibility to submit a resolution plan for Electrosteel Steels under Section 29A of the Insolvency and Bankruptcy Code

1 min read30 May 2018
Companies

Tata Steel buys Bhushan Steel, to settle dues of Rs35,200 crore

Bamnipal Steel, a unit of Tata Steel Ltd, completed the acquisition of 72.65% in Bhushan Steel according to the debt resolution plan

2 min read18 May 2018
Companies

NCLAT bars Binani resolution professional from seeking opinion on eligibility of applicants

NCLAT asks Binani Cement's resolution professional to submit revised resolution plans for the corporate debtor in a sealed cover before the Committee of Creditors

1 min read15 May 2018
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