The National Company Law Appellate Tribunal on Thursday admitted a petition filed by banks against the NCLT order which had directed Jaiprakash Associates to return
Day: May 25, 2018
$32 billion bank recap plan for state banks tumbles, as losses mount | business news | Hindustan Times–26.05.2018
When the government announced a surprise $32 billion bailout plan for the nation’s state-controlled banks last October, credit rating firms and the nation’s central bank
Seller beware: homebuyers and Bankruptcy Code – The Hindu–26.05.2018
The proposed change to the Bankruptcy Code must treat homebuyers a step above lenders Homebuyers parted of their money by real estate developers have some relief coming
5 things to keep in mind about using credit cards while going on an international trip | | Loksatta–25.05.2018
परदेशात जाताना सर्व पैसा रोख नेण्याची गरज नसते. तसे करणे धोक्याचे आणि अडचणीचे ठरु शकते, तसेच परदेशी चलन घेतानासुद्धा बरीच गुंतागुंतीची प्रक्रिया असल्याने अनेकजण क्रेडिट
Bankruptcy Act in india developer narendra modi government | बुडण्यानंतरचे तरंगणे | Loksatta–25.05.2018
सर्वसामान्य घरखरेदीदार तसेच लघू व मध्यम उद्योजकांच्या गुंतवणूक सुरक्षेबाबत केंद्र सरकारने अलीकडेच घेतलेला निर्णय स्वागतार्ह ठरतो. नियमांच्या अधीन राहून संपत्तीनिर्मिती सहजपणाने करता येणे जसे आवश्यक
Lenders move NCLAT for early hearing in Essar Steel case–25.05.2018
Essar Steel lenders have moved the National Company Law Appellate Tribunal seeking an early hearing of appeals filed by suitors for the insolvency-bound firm, saying
Bankruptcy ordinance: Government extends lifeline to distressed homebuyers–Times of India–25.05.2018
The Insolvency and Bankruptcy Code is the most important economic reform the Modi government has initiated and seen through. But in cases of real estate
Signals from a bankruptcy | The Indian Express–25.05.2018
A Taliban prisoner once told an American soldier: “You have the watches, but we have the time.” His quip was not different from what defaulting
Oil prices and US interest rates control rupee’s fate – The Economic Times–25.05.2018
Where the rupee finally settles and finds a degree of stability will depend on whether this sudden sharp turn in sentiment sustains. Let’s get a
Welcome changes in resolution rules–Economic Times–25.05.2018
An ordinance to amend the Insolvency and Bankruptcy Code to treat home buyers as financial creditors and ease curbs on promoters of micro, small and
insolvency: MSME promoters get insolvency relief, can bid for resolution if turnover is up to Rs 250 crore – The Economic Times–25.05.2018
The government on Wednesday proposed to ease curbs on promoters of micro, small and medium enterprises (MSMEs) from bidding during the insolvency process to take over a
Relief for now: NCLAT asks JAL not to transfer land back to Jaypee Infratech – The Financial Express–25.05.2018
Jaiprakash Associates (JAL) has been asked by the National Company Law Appellate Tribunal (NCLAT) to not transfer 760 acres, mortgaged to its lenders, back to
Don’t panic about the rupee – The Financial Express–25.05.2018
The rupee has slipped to levels close to its all-time low of 68.825 against the dollar seen nearly five years back, in August 2013. While
Insolvency: No fresh bids for Bhushan Power, says NCLAT – The Financial Express–25.05.2018
The NCLAT on Thursday declined a request from the committee of creditors asking Tata Steel and UK-based Liberty House be allowed to submit fresh bids for the
Insolvency: Bhushan Power lenders asked to go ahead with selection of bids | Business Standard News–25.05.2018
The National Company Law Appellate Tribunal (NCLAT) today asked the Committee of Creditors (CoC) of debt-ridden Bhushan Power & Steel to proceed with the bids submitted by Tata Steel and UK-based Liberty
Bhushan deal was done in 48-72 hours, reveals Tata Steel CEO T V Narendran | Business Standard -News-25.05.2018
The Insolvency and Bankruptcy Code (IBC) got a leg-up with Tata Steel’s acquisition of Bhushan Steel, the first big case to be resolved. Tata Steel CEO & MD T V
Battle for Essar Steel: Journey of Rewant Ruia from 100% to 0% in Numetal | Business Standard News
The National Company Law Appellate Tribunal (NCLAT) has put the resolution process of Essar Steel on hold. NCLAT will now hear ArcelorMittal and Numetal, the
Is India’s gold rush coming to an end? – Business Line–25.05.2018
Five years ago, any sign of weakness in the Rupee would have been the cue for RBI officials, Ministers and sundry economic commentators to lash
Corporate debtors must get shareholders’ approval to initiate insolvency process – Business Line–25.05.2018
Limitation Act to apply for NCLT/NCLAT proceedings, says new ordinance Shareholders’ approval through a special resolution is a must for a ‘corporate debtor’ to
IBC: Govt readies IBC 2.0 to cope with increasing challenges – Times of India–25.05.2018
Last June, when the RBI ordered banks to initiate insolvency action against a dozen companies, resolution was expected by the end of the last financial
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