IBC Icra says lenders took 72 pc haircut in Q2 breach of timelines resulting in more liquidations
Banks have had to take a haircut of over two-thirds in the corporate insolvency cases being resolved through the bankruptcy courts, a report said on Wednesday. In over 71 per cent of the cases, the ...
Supreme Court directs liquidation of Jet Airways to protect interests of its creditors, employees
The apex court directed the National Company Law Tribunal (NCLT), Mumbai, to take appropriate steps for appointment of ...
1.48 Lakh Jet Airways Retail Shareholders' Fate Uncertain After Liquidation Order
The fate of around 1.48 lakh retail shareholders who hold around 20 per cent stake in the beleaguered Jet Airways remains ...
Supreme Court directs liquidation of Jet Airways under Insolvency and Bankruptcy Code
The Supreme Court Thursday ordered the liquidation of Jet Airways under the Insolvency and Bankruptcy Code (IBC) exercising its extraordinary powers under Article 142 of the Constitution.