KOLKATA | MUMBAI: Vodafone IdeaNSE -24.44 %’s promoters — UK-based Vodafone Group and the Aditya Birla Group of India — may need to infuse fresh capital urgently, else
Category: IBC-SEBI
Banks will have to pay price if any telco files for bankruptcy: SBI Chairman – The Economic Times
NEW DELHI: SBI Chairman Rajnish Kumar on Saturday said banks will “have to pay the price” in case any telecom firm files for bankruptcy, a day after
Lenders set to recover 43.1% from insolvency proceedings – The Economic Times
NEW DELHI: Successful resolutions of corporate insolvency proceedings till the end of 2019 are set to result in recoveries of Rs 1.52 lakh crore for lenders, averaging
Key data that shows the progress IBC has made in saving a firm in distress | Business Standard News
Three years of Insolvency and Bankruptcy Code(IBC) have seen the law evolve at every step. The latest data shows while the number of cases admitted
DHFL: Banks, PEs and NBFCs line up for DHFL’s retail book – The Economic Times
MUMBAI: Fourteen entities including foreign banks, private equity funds and other local non-bank lenders have begun talks with the administrator of bankrupt mortgage lender Dewan Housing
Include Videocon foreign arms in insolvency process: NCLT – The Economic Times
New Delhi: The National Company Law Tribunal (NCLT) has ordered the inclusion of VideoconNSE 4.88 %’s oil businesses in Brazil and Indonesia as part of insolvency
RBI’s new asset recognition norms for realty credit negative for banks: Moody’s – The Financial Express
Ratings agency Moody’s on Thursday said the Reserve Bank of India’s move to revise asset recognition norms for bank loans to the real estate sector
DHFL’s former directors move NCLT seeking participation in CoC meetings | Business Standard News
The tribunal directed the administrator to file a reply in this regard before February 19. Former directors of Dewan Housing Finance Corporation Ltd on Wednesday
PAN Card Data: Income Tax department to share taxpayers’ PAN, other data with Sebi | India Business News – Times of India
NEW DELHI: The Income Tax (I-T) department will share all taxpayers’ data like PAN (permanent account number) information with Sebi (Securities and Exchange Board of India) in
Govt seeks additional 270 days to complete resolution for 105 IL&FS group companies – The Economic Times
New Delhi: The government has approached the National Company Law Appellate Tribunal seeking additional 270 days to complete resolution process of 105 IL&FS group companies.
NCLAT orders reverse insolvency process for stressed realty projects | Business Standard News
In a first, the National Company Law Appellate Tribunal (NCLAT) has passed an order for reverse insolvency process that could set a template for stressed
Forbearance to stressed sectors likely to defer asset quality pressures: Fitch Ratings – The Financial Express
Allowing a one-time restructuring of loans to MSMEs and the announced relaxation in asset classification for certain real estate projects mark a further dilution of
Homebuyers object to Insolvency code amendment, approach parliamentary committee – The Economic Times
MUMBAI: The Forum for People’s Collective Efforts (FPCE), a national lobby of homebuyers, has approached the Jayant Sinha-headed parliamentary standing committee on finance with its objection
Jet Airways: As liquidation threat looms, Jet Airways bidders still not ready–Economic Times
By Bijou George Bankrupt carrier Jet AirwaysNSE 4.93 % India Ltd., once the nation’s biggest by market value, faces fresh warning signs as a deadline to avoid
Under Modi’s rule Rs 4 lakh crore recovered through insolvency, bankruptcy proceedings: MoS Finance – The Financial Express
Due to the strong action taken by the financial institutions by initiating legal proceedings and following due process on the orders of the Central government,
NCLT allows Indiabulls group companies plea to secure assigned loans – The Financial Express
On January 27, two Indiabulls Group companies had filed an application in NCLT against IDBI Trusteeship to recover dues against loans assigned to them by
Relief for Unitech homebuyers! New Board may access distress fund to finish projects–Business Today
he new Board of Unitech Limited may access the real estate distress fund the Union Cabinet approved in November 2019 to finish incomplete apartments. The Supreme Court of India, on
Budget 2020: Road to a fit-for-future India- [ IBC ] Business Today
The World Bank’s Ease of Doing Business rankings has seen India move up by 79 places The underlying theme of Budget 2020 – wealth creation for all
Scrapping DDT to hit promoters, investors | Deccan Herald
Promoters of India Inc and big-ticket retail investors have been hit hard the second time in two consecutive budgets with the government scrapping the dividend distribution
CBDT cuts per day cash limit for payments – Check details – The Financial Express
The rule 6ABBA is deemed to have been inserted from the 1st day of September 2019, which mentions all digital or electronic mode of payments.
aniltikotekar4sme.com 