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Tag Archives: NCLT

IDBI Bank to approach NCLT to recover bad loans: Report

IDBI Bank is reportedly planning to approach National Company Law Tribunal (NCLT) to recover bad loans worth Rs 100 crore from a company. A bank can file a case in NCLT to recover debt under Insolvency and Bankruptcy Code. The bank’s total NPLs are worth Rs 20,949 crore. Under the ... Read More »

Deepak Fertilisers completes demerger of its core business

Deepak Fertilisers and Petrochemicals Corporation (DFPCL) has completed the process of demerging its core business — fertiliser and technical ammonium nitrate — into a wholly-owned subsidiary Smartchem Technologies. The restructuring is aiming to enhance management focus for future growth, improving operational efficiency providing impetus to charting growth plan and generating ... Read More »