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21 relations: Alok Industries, Arun Jaitley, Bhushan Steel, Bloomberg News, Company, Essar Steel, India, Insolvency and Bankruptcy Board of India, Insolvency and Bankruptcy Code, 2016, Limited liability partnership, Lok Sabha, Mint (newspaper), Modi ministry, National Company Law Tribunal, Non-performing asset, Parliament of India, Pranab Mukherjee, Rajya Sabha, Reserve Bank of India, The Economic Times, The Gazette of India.
Alok Industries
Alok Industries is an Indian ISO 9001:2000 certified textile manufacturing company based in Mumbai.
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Arun Jaitley
Arun Jaitley (born 28 December 1952) is an Indian politician and legal advocate, who is the Finance Minister and Minister of Corporate Affairs under Prime Minister Narendra Modi.
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Bhushan Steel
Bhushan Steel Limited is the largest manufacturer of auto-grade steel in India. Bhushan Steel, with a large amount of debt in proportion to its equity (3.5 times more), is a highly leveraged company. The company's consolidated debt stands at ₹31,839 crore, having risen 18 per cent from a year ago. The Company is spending Rs. 260 billion to expand its capacity to 12 million tonnes annually, from the present installed capacity of around one million tonnes. Insolvency proceedings were initiated against the company on 26 July 2017 under the Insolvency and Bankruptcy Code, 2016. Tata Steel on 18th May 2018 announced the completion of its acquisition of Bhushan Steel (BSL) through its wholly owned subsidiary Bamnipal Steel Ltd (BNPL), wrapping up the resolution of the first case under Insolvency and Bankruptcy Code, 2016. The bankrupt firm was among the 12 stressed assets the RBI had referred for NCLT proceedings last year.
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Bloomberg News
Bloomberg News is an international news agency headquartered in New York, United States and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, Bloomberg Businessweek, Bloomberg Markets, Bloomberg.com and Bloomberg's mobile platforms.
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Company
A company, abbreviated as co., is a legal entity made up of an association of people for carrying on a commercial or industrial enterprise.
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Essar Steel
Essar Steel is one of the leaders in India and abroad in the steel sector, part of the Essar Group.
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India
India (IAST), also called the Republic of India (IAST), is a country in South Asia.
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Insolvency and Bankruptcy Board of India
The Insolvency and Bankruptcy Board of India (IBBI) is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies (IPA), Insolvency Professionals (IP) and Information Utilities (IU) in India.
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Insolvency and Bankruptcy Code, 2016
The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy.
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Limited liability partnership
A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities.
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Lok Sabha
The Lok Sabha (House of the People) is the lower house of India's bicameral Parliament, with the upper house being the Rajya Sabha.
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Mint (newspaper)
Mint is an Indian financial daily newspaper published by HT Media, a Delhi-based media group which is controlled by the KK Birla family and also publishes Hindustan Times.
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Modi ministry
The Modi Ministry is the Council of Ministers headed by Narendra Modi that was formed after the 2014 general election which was held in nine phases from 7 April to 12 May in 2014.
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National Company Law Tribunal
The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian companies.
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Non-performing asset
A Non-performing asset (NPA) is defined as a credit facility in respect of which the interest and/or installment of principal has remained ‘past due’ for a specified period of time.
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Parliament of India
The Parliament of India is the supreme legislative body of the Republic of India.
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Pranab Mukherjee
Pranab Kumar Mukherjee (born 11 December 1935) is an Indian politician who served as the 13th President of India from 2012 until 2017.
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Rajya Sabha
The Rajya Sabha or Council of States is the upper house of the Parliament of India.
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Reserve Bank of India
The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee.
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The Economic Times
The Economic Times is an English-language, Indian daily newspaper published by the Bennett, Coleman & Co. Ltd..
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The Gazette of India
The Gazette of India is a public journal and an authorised legal document of the Government of India, published weekly by the Department of Publication, Ministry of Housing and Urban Affairs.
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Redirects here:
Insolvency Resolution Professional, Insolvency and Bankruptcy Code, Presidency Towns Insolvency Act, 1909, Sick Industrial Companies (Special Provisions) Repeal Act, 2003.
References
[1] https://en.wikipedia.org/wiki/Insolvency_and_Bankruptcy_Code,_2016
