Lenders will need to take a large hair-cut in the resolution of non-banking finance companies (NBFCs) where there are major governance issues, according to Reserve
Day: September 23, 2019
***Default authentication to get traction as IBBI allows `information utility’ to access MCA-21, CERSAI data – The Hindu BusinessLine
The insolvency regulator’s move could speed up authentication of debtor defaults, admission of cases before NCLT Insolvency regulator IBBI has now taken a crucial step
***NCLAT asks Marg’s promoter to submit revised resolution plan by September 12 – The Hindu BusinessLine
The National Company Law Appellate Tribunal (NCLAT) on Friday directed GRK Reddy, the promoter of Chennai-based infrastructure developer Marg Ltd, to submit a revised resolution
***MSMEs need not use IBC to recover dues – The Hindu BusinessLine–
Taking the route the MSMED Act provides is faster, easier and can be enforced through decree One of the most talked of laws in recent
NPAs may dip a tad to ₹9-lakh cr by FY20-end: Report – The Hindu BusinessLine
Gross bad loans of banks are expected to come down marginally to ₹9.1-lakh crore by the end of the current financial year, according to a
***Poor recoveries under IBC can derail Centre’s ₹70,000-cr recap plan – The Hindu BusinessLine
Barring few cases, large haircuts of 70-90 per cent are continuing to hurt banks While the Centre’s decision to frontload capital infusion of Rs 70,000
***Insolvency: Mechanism to monitor resolution processes, performance of IPs in place – The Hindu BusinessLine
Electronic platform will be opened for filings from September 16 Insolvency regulator IBBI has put in place a mechanism to monitor corporate insolvency resolution processes
Govt plans debt waiver for ‘small distressed borrowers’ – The Hindu BusinessLine
Proposal will seek to alleviate situation of most distressed EWS borrowers The government plans to give debt waiver for “small distressed borrowers” under the insolvency
NCLAT orders liquidation of Amtek Auto – The Hindu BusinessLine
The National Company Law Appellate Tribunal (NCLAT) on Friday ordered liquidation of debt-ridden Amtek Auto as it declined lenders’ request for extension of insolvency resolution
Pro consumer: The SC’s IBC ruling gives homebuyers greater say, but may prolong realtors’ bankruptcy proceedings – The Hindu BusinessLine
Disagreements between homebuyers and other creditors at the negotiating table due to conflicting priorities may lead to a stalemate Homebuyers in over one lakh stalled
A tale of three developers — will the law catch up? – The Hindu BusinessLine
The travails faced by nearly 1 lakh home-buyers in the National Capital Region after signing up for housing projects with three leading developers — Unitech,
No place to call home – The Hindu BusinessLine
Home-buyers have lost their life savings to bogus projects. Can RERA make a difference? BusinessLine reports 1.74 lakh homes in 220 projects fully stalled in
After a turbulent year, is the worst over for banks? – PORTFOLIO – The Hindu BusinessLine
While earnings appear to have improved in the June quarter, stress persists in the books At first glance, aggregate earnings of banks in the latest
NCLAT gives Marg’s promoter two weeks to clear dues, exit IBC – STATES – The Hindu BusinessLine
The National Company Law Appellate Tribunal (NCLAT) has allowed GRK Reddy, the promoter of Marg Ltd, a Chennai-based real estate and infrastructure company, to submit
Supreme Court upholds homebuyers’ rights in builder bankruptcies – The Hindu BusinessLine
The court ruled homebuyers rights will remain at par with lenders. Supreme Court upheld the ability of homebuyers to drag property developers into bankruptcy proceedings
Jet Airways lenders’ panel to meet on August 1 – The Hindu BusinessLine
The Resolution Professional (RP) appointed for the debt-strapped Jet Airways informed the stock exchanges on Tuesday that the second Committee of Creditors (CoC) meeting is
The dry spell in India’s IPO market – The Hindu BusinessLine
The IPO market cannot thrive unless policy hurdles to start-ups scaling up are removed India’s primary market, after showing signs of animation for the last
Caution pays: The RBI should learn from the mistakes of other central banks – The Hindu BusinessLine
It will do well to continue with orthodox monetary policies The policy moves of the global central bankers over the last two weeks highlight the
The GST Council should stop tinkering, focus on simplifying rate slabs – The Hindu BusinessLine
With total collection this year lower than the budgeted amount, the shortfall is a cause for worry The upcoming GST Council meeting is perhaps the
The rules for credit rating agencies need to be overhauled – The Hindu BusinessLine
One step could be to make the investor pay for the rating by deducting the fee from the issue proceeds Along with the news about
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