MUMBAI: The dedicated bankruptcy court has approved the request of lenders to Lavasa Corporation to consolidate the township developer and its wholly owned subsidiaries Warasgaon
Category: IBC-SEBI
80% of stressed assets resolved, only 20% in liquidation, says MS Sahoo, head of the insolvency regulator, IBBI – The Financial Express
The credible threat of IBC process that a company may change hands has changed the behaviour of debtors. Even as the Insolvency and Bankruptcy Code
Greater transparency | Business Standard Editorials
The Union Ministry of Corporate Affairs announced last week the notification of the Companies (Auditor’s Report) Order, 2020 (CARO 2020). The order has introduced several
An Asset Reconstruction Fund is needed to boost ARC Sector–Business Today
There has been an exponential growth in NPAs of banks with the present level at around Rs 9 lakh crore Asset Reconstruction Companies (ARCs) have
Jet lenders to seek fresh Expression of Interest for the carrier – The Economic Times
Mumbai: Defunct airline Jet Airways’ Committee of Creditors has decided to issue fresh Expression of Interest (EoI) for the carrier, which is undergoing insolvency proceedings,
Not in sound financial state; can meet liabilities only with government support: Voda Idea on AGR dues – The Economic Times
New Delhi: Troubled Vodafone Idea has written to the telecom department expressing its inability to pay full AGR dues unless the government takes urgent measures,
Bankruptcy & Insolvency: ED seeks 2 more weeks from NCLT to intervene in Sterling Case – The Economic Times
Mumbai: The Enforcement Directorate (ED) has sought permission from the dedicated bankruptcy court to intervene in the insolvency resolution pleas against Sterling group companies Sterling
AGR dues: Supreme Court should have provided relief to telcos – The Hindu BusinessLine
The DoT’s bid to collect their share of ‘gross’ revenues from telecom and other companies is absurd. The Supreme Court should have reined in the
Vodafone Idea asks DoT for 15 years to pay AGR dues – The Economic Times
Mumbai: Vodafone Idea has called on the government to allow it to pay adjusted gross revenue (AGR) dues over 15 years. The telecom company has
Former Bhushan Power MD challenges JSW Steel deal in SC – The Economic Times
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
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
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