Tag: Insolvency

anil-ambani
RCom to go for insolvency as it fails to repay debt

New Delhi: Reliance Communications will opt for insolvency proceedings as it failed to sell assets to pay for its debt, the Anil Ambani-led telecom company said Friday. “RCom board of directors decides upon implementation of debt resolution plans through NCLT framework,” the company said in a statement. The Board of Directors of RCom Friday reviewed […]

  • Tuesday, 29 June 2021
Bank-Money
Banks To Face Tough Time Reporting Bad Loans, Restructuring To Increase

New Delhi: Banks and other secured lenders may face a tough time in terms of reporting of non-performing assets in their books and may take to loan restructuring over the next one year as new cases under the Insolvency and Bankruptcy Code (IBC) will not be admitted, experts said. The Centre has suspended the admission […]

  • Friday, 16 April 2021
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