Jet 2.0: Turbulence ahead
When the National Company Law Tribunal approved the revival of the erstwhile Jet Airways, a new chapter in India’s aviation sector got scripted. But will the airline fly again?
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Why ex-promoters are stuck on their bankrupt firms
Ever since India’s bankruptcy law came into being, several businessmen have sprung up with ‘eye-popping’ offers for their fallen stars at the risk of delaying the insolvency process.
Reprieve for DHFL’s small fixed deposit holders
Lenders decide to pay FD depositors holding up to ₹2 lakh the full amount while other depositors will face the distribution mechanism.
Jet 2.0: Flight of fancy
While the Jet 2.0 programme is aimed at reviving the past glory of Jet Airways, the airline's new investors need to have the appetite for losses and commitment to investing top dollar. Will they?
Tata says Mistry damaged the group’s reputation
The group’s patriarch has now joined the fight between Tata Sons and Cyrus Mistry, and filed a petition in the Supreme Court seeking a stay on the NCLAT order to reinstate Mistry.
NCLAT reinstates Mistry as Tata Sons chairman
The appellate tribunal held Mistry’s removal as illegal, but the matter is far from over as Tata Sons is expected to challenge the verdict in the Supreme Court.
DHFL’s resolution plan ready for NCLT
Banks led by State Bank of India had finalised a resolution plan for DHFL when a court case scuttled it at the last moment. A revised plan is expected to be ready by Monday.
SC upholds homebuyers’ status as financial creditors
The latest Supreme Court judgement upholding amendments in IBC gives far reaching powers to homebuyers. Experts say it increases the ease of doing business.
JSW’s power play
JSW Energy joint managing director and CEO Prashant Jain is bullish on the power sector despite its turmoil.
Essar Group repays over 80% of its debt
The group has repaid more than ₹1,37,000 crore of loans to global and Indian lenders. Its only continuing lender is now Russia’s VTB Group.
