The combined entity, which is named Aster DM Quality Care Ltd., will have a bed capacity of 10,301 beds—comprising 5,159 beds from Aster and 5,142 from QCIL. This means it would surpass Apollo ...

The Insolvency and Bankruptcy Code (IBC) has helped resolve over Rs 26 lakh crore of stressed debt in India since its ...

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

The Union government confirmed in Parliament that State Bank of India (SBI) has officially classified the loan account of ...

MUMBAI: The Insolvency and Bankruptcy Code (IBC), introduced nine years ago in May 2016, has enabled direct resolution of Rs ...

Mumbai :State-owned IREDA plans to raise Rs 2,500-3,000 crore through qualified institutional placement route this fiscal as ...

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.

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

NCLAT Chennai held that resolution professional is permitted to issue fresh Form G and to invite Expression of Interest (EoI) from new and interested eligible Prospective Resolution Applicants subject ...

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 ...