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
Category: IBC-SEBI
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
IL&FS: NCLAT to provide formula for proceeds’ distribution among creditors | Business Standard News
The National Company Law Appellate Tribunal (NCLAT) on Thursday said it will provide a formula for proceeds distribution among the creditors of debt-ridden IL&FS group firms. A NCLAT-bench headed
SBI Chairman | Yes Bank: State Bank chairman says YES Bank ‘will not be allowed to fail’–Economic Times
By Jeanette Rodrigues and Haslinda Amin The head of India’s biggest lender said he’s certain “some solutions will emerge” to steady Yes BankNSE 6.50 %, which
Corporate bond repo should become real–Economic Times
The marked dichotomy in the regulatory regimes for government securities and corporate bonds seems to have stultified an active market for the latter. RBI’s July
NCLAT defers hearing on JSW Steel’s Bhushan Power buyout till Jan 31 – The Economic Times
On October 10, the ED had attached assets worth over Rs 4,025 crore of debt-ridden BPSL in connection with its money laundering probe linked to
Bankruptcy board set to tackle group insolvency – The Economic Times
India’s bankruptcy regulator is seeking to amend rules to make the IBC suitable for handling group insolvency. MUMBAI: India’s bankruptcy regulator is seeking to amend
JSW Steel can’t ring-fence BPSL assets from attachment, ED tells NCLAT – The Financial Express
SW Steel’s resolution plan was approved by the National Company Law Tribunal on September 5, 2019; while Section 32A was notified on December 28, 2019.
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