MUMBAI: Sanjay Singal, former managing director of Bhushan Power & Steel, has moved the Supreme Court challenging the troubled steelmaker’s sale to JSW SteelNSE -0.69
Category: IBC-SEBI
NCLAT sets aside NCLT order against Flipkart India – The Financial Express
The National Company Law Appellate Tribunal (NCLAT) has set aside the October 24 order of the National Company Law Tribunal (NCLT) that admitted an insolvency
Supreme Court asks JP Associates to return 858 acre to JIL – The Financial Express
The Supreme Court on Wednesday asked Jaiprakash Associates (JAL) to return the 858-acre parcel to its subsidiary firm, Jaypee Infratech (JIL), which is currently undergoing
Govt’s new audit rules to shield companies against financial frauds | Business Standard News
In a bid to bring greater financial discipline in audits, the government has asked auditors to provide details like loans given by a company for
Vodafone Idea: Don’t invoke Vodafone Idea bank guarantees: Lenders – The Economic Times
MUMBAI: Vodafone IdeaNSE -12.50 %’s lenders met Department of Telecommunications (DoT) officials over the weekend, cautioning that invoking bank guarantees of the operator against statutory
Unease of doing business | Business Standard Column
India’s performance in the index of ease of doing business has been quite creditable in recent years. The index, prepared by the World Bank in
DHFL muddle: Dheeraj Wadhawan claims Rs 2,500 crore from troubled company – The Financial Express
Public depositors — 66,544 of them — have put in claims worth Rs 5,361 crore, of which Rs 5,207 crore has been verified. The promoter
NBFCs, HFCs may get 1 year extension for restructuring loans: Report | Business Standard News
Financially sound non-banking finance companies (NBFCs) and housing finance companies (HFCs) may be next in line to be permitted extension of the date of commencement
‘Despite decline in gross NPAs, impaired assets of banks at Rs. 16.88 lakh crore’ | Business News,The Indian Express
Total impaired assets of the banking sector have remained at Rs 16,88,600 crore, or 15.7 per cent of the total advances of banks, as of
NCLT reserves its order on Wadhawan’s plea to be part of CoC of DHFL – The Economic Times
MUMBAI: The Mumbai bench of the National Company Law Tribunal (NCLT) has reserved its order on the plea of the promoter of Dewan Housing Finance (DHFLNSE 4.65
Don’t jeopardise banks by relaxing default norms – The Financial Express
Investors in banks have a right to know the true quality of the balance sheet and that is not possible if default criteria are watered
DHFL administrator reviews alleged fake account entries – The Financial Express
DHFL is undergoing a resolution process under the Insolvency and Bankruptcy Code after the Mumbai bench of the National Company Law Tribunal (NCLT) admitted the
Getting govt to pay its dues: If the IBC is not a solution for SEBs and NHAI, what is? – The Financial Express
It remains a travesty that while government-owned banks took Ajit Gulabchand’s Lavasa city project to the insolvency court, the same Gulabchand was owed much more
Tweak IBC process to focus on revival – The Hindu BusinessLine
The Prime Minister’s Office has flagged an important issue — of banks using the Insolvency and Bankruptcy Code as an easy way to recover their
Jet Airways COC extends deadline for submitting resolution to March 9 | Business Standard News
The Jet Airways’Committee of Creditors on Tuesday extended the date for submitting a resolution plan to March 9 after Russia-based Far East Development Fund submitted
A good score-card | Business Standard Editorials
The implementation of the Insolvency and Bankruptcy Code (IBC) has been one of the biggest reforms in recent years and has significantly helped in improving the business
Making auditors accountable | Business Standard Editorials
The role of auditors has come under significant scrutiny in recent years with the emergence of high-profile corporate frauds. The auditors are expected to protect the interests of stakeholders
Jet Airways COC extends deadline for submitting resolution to March 9 | Business Standard News
The Jet Airways’Committee of Creditors on Tuesday extended the date for submitting a resolution plan to March 9 after Russia-based Far East Development Fund submitted
IBC: Resolutions via IBC see a big fall in third quarter – The Economic Times
Mumbai: Realisation by financial creditors through the Insolvency and Bankruptcy Code (IBC) has fallen drastically in the fiscal third quarter, resurfacing industry concerns over slowing recoveries that are increasingly
Making auditors accountable | Business Standard Editorials
The role of auditors has come under significant scrutiny in recent years with the emergence of high-profile corporate frauds. The auditors are expected to protect the interests of stakeholders
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