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SC seeks Vedanta response on plea against Electrosteel bid

Tuesday, October 30, 2018, 7:50 AM

The Supreme Court (SC) on Monday sought a response from Vedanta Ltd on an appeal by Renaissance Steel India Pvt. Ltd challenging its eligibility to bid for Electrosteel Steels Ltd as one of its affiliates in Zambia, Konkola Copper Mines Plc., was found guilty of violating environmental laws punishable with two or more years in jail.
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Arun Jaitley's big message to defaulters: IBC instilling fear

Sunday, October 28, 2018, 2:16 PM

Potential loan defaulters have started paying up as the Insolvency and Bankruptcy Code (IBC) has instilled the fear of losing their businesses if they cross the red line, finance minister Arun Jaitley said on Saturday. "Banks wont chase you (loan defaulters) any more; you will have to chase banks," Jaitley said at the three-year-old IDFC Banks anniversary in the capital.
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SBI expects Rs 30,000 crore recovery from resolution under IBC

Saturday, June 9, 2018, 6:04 PM

State Bank of India, the country's largest lender expects to recover around Rs.30,000 crore from the resolution process under the Insolvency and Bankruptcy Code (IBC) during the current fiscal, an official said today. From the two stressed assets' list referred for resolution under IBC by the Reserve Bank of India, the bank's total exposure was around Rs.78,000 crore, Pallav Mohapatra, DMD of SBI said.

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