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Insolvency and bankruptcy News

23 Sep 2024

No Respite For Troubled SpiceJet As NCLT Issues Notice Over Another Insolvency

SpiceJet hit a new low with its market share shrinking by 80 bps to 2.3 per cent (month-on-month) in August, largely due to financial woes and increased grounding, carrying just 3.01 lakh domestic passengers.

22 May 2017

Framework under NPA ordinance by RBI may be out within 15 days

The Reserve Bank is likely to announce within a fortnight the guidelines to operationalise NPA ordinance so as to expedite the recovery of bad loans which have crossed Rs 8 lakh crore.

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