New Delhi: The average time taken for resolution of stressed assets has come down to 340 days since the insolvency law came into force three
Category: IBC-SEBI
Facing financial crunch, UK based Norton Motorcycle goes into administration; India roll out hit – The Economic Times
MUMBAI: UK-based premium bike maker Norton Motorcycle‘s India roll out may be hit, as the company has gone into administration after failing to pay outstanding
Stress on auditors’ accountability is good, but more reforms are needed – The Hindu BusinessLine
The Centre must expedite efforts to the augment the regulatory capacity and resources of the National Financial Reporting Authority, to help it effectively fulfil its
‘महाराजा’ची मालकी! |लोकसत्ता
तिजोरीत खडखडाट आहे हे लक्षात आल्याने सरकारला ३१ मार्चपूर्वीच एअर इंडिया विकायची घाई करावी लागत आहे. पण हे सोपे नाही.. पैसेही घालायचे, कंपनीचे २३ हजार
New rules for fast-track winding up of firms may lighten NCLT’s burden – The Hindu BusinessLine
Centre can nowokay dissolution of firms falling within specified thresholds The Corporate Affairs Ministry (MCA) has come up with the long awaited ‘Winding-up Rules’, which
Should the Budget dispense with tax audit? – The Hindu BusinessLine
While much of the info are provided by taxpayers in the ITR, a tax auditor’s services will be need to improve the quality of the
An IBC roadmap for firms such as DHFL – The Hindu BusinessLine
A finance company includes a large number of retail depositors. Secured and unsecured creditors should be treated at par DHFL has been admitted as the
Supreme Court gives SEBI 4 months for probing SCORES complaint issue – The Hindu BusinessLine
Declines to stay SAT order; admits to diluting harsh remarks against regulator The Supreme Court on January 27 set a four-months deadline for SEBI to
videocon: NCLT extends Videocon’s insolvency resolution process – The Economic Times
NCLT in the month of August, 2019 passed a judgement to initiate insolvency proceedings for consolidation of 13 Videocon group firms into a single process.
A case of swadeshi privatisation | Business Standard Column
The Union government’s decision on Monday to invite preliminary bids for the sale of 100 per cent equity of the state-owned airline, Air India, raises
HDFC pitches for one-time loan recast for realty projects – The Economic Times
MUMBAI: Ahead of the presentation of the Union Budget 2020-21, largest pure play home financier HDFC on Tuesday pitched for a one-time loan recast for
IL&FS fallout: Transactions in subsidiary of listed company to fall under related party transactions – The Hindu BusinessLine
SEBI working group places greater onus on audit committee to approve RPTs; any person in promoter group will fall under RPT, irrespective of shareholding Financial
Nittin Johari: Delhi HC rejects bail plea of Bhushan Steel ex-CFO Nittin Johari – The Economic Times
NEW DELHI: The Delhi High Court on Monday dismissed the bail plea of Bhushan SteelNSE -4.41 %‘s former chief financial officer Nittin Johari, who was
NCLT extends immunity to new board-appointed members at IL&FS firms | Business Standard News
This immunity will now be applicable to all directors and nominees appointed by the new board In a development that could help the IL&FS group,
Banking sector is stressed, govt in no position to bail it out: Abhijit Banerjee – The Economic Times
Answering to a question – how will economic policies work if people have a lack of trust in the data, he said the government “should
Unitech takeover: Despite IBC and RERA, homebuyers find no relief | Business Standard Column
The recent Supreme Court judgment allowing the Centre to take over the management of the beleaguered real estate firm Unitech has once again put the
Insolvency against Raheja Developers halted, Board to manage – The Economic Times
The bench further observed that in the language of the Supreme Court, the allottees in a large number of cases are speculative investors and not
Administrator orders legal audit of DHFL’s wholesale loan book – The Financial Express
These valuations may undergo changes as a result of further valuation exercises conducted under the corporate insolvency resolution process (CIRP). The administrator of Dewan Housing Finance
Explained: Why lenders prefer IBC over SARFAESI Act for recovery of dues | Business Standard News
Pending cases have been an issue with SARFAESI The changes in the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act
Legislative adventurism | Business Standard Column
On November 15, 2019, the government brought about a significant change in the Insolvency and Bankruptcy Code (IBC). It notified the Insolvency and Bankruptcy (Insolvency and Liquidation