The bank has also initiated Personal Insolvency Resolution Process under IBC against Anil Ambani and the same is being heard by NCLT, Mumbai, Minister of State for Finance, Pankaj Chaudhary, said.

Data shows that the average recovery under the IBC has been 30-35 per cent, which is much higher than 22 per cent under SARFAESI, 7 per cent under DRT, and just 3 per cent through Lok Adalats ...

The petition, filed under Section 95 (1) of the Insolvency and Bankruptcy Code (IBC), 2016, pertained to a default amounting ...

The Supreme Court today directed the Union government to examine the manner of posting of Judicial and Technical members to National Company Law Tribunal (NCLT) benches across the country, expressing ...

The Supreme Court today asked the Union government to look into the manner of posting of Judicial/Technical members for the ...

BEST undertaking stated that throughout the duration of the contract, the operator was repeatedly served with notices for not ...

JSW Steel is looking to fast track its proposed greenfield project at Paradip in Odisha that will help it to achieve its 50 ...

Minister of State for Finance, Pankaj Chaudhary, stated in Parliament that the State Bank of India (SBI) has classified ...

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SBI has classified Reliance Communications and Anil Ambani as ‘fraud’ again and preparing a CBI complaint, Parliament was ...

Public Sector Banks wrote off ₹12 lakh crore loans, with SBI and Canara Bank seeing a rise; PSBs recruiting 48,000 employees.

SBI Reclassifies RCom and Anil Ambani as 'Fraud', Rs 3,000 Crore Exposure - SBI reclassifies RCom and Anil Ambani as fraud ...