The Supreme Court ruled last week that an arbitration tribunal can allow an employer to withhold the security deposit of a contractor in one project
Category: IBC-SEBI
Edelweiss says no dealings with Capstone Forex; dismisses reports of Rashesh Shah’s involvement in alleged scam–Business Today
Edelweiss Finance Services has denied allegations of a forex scam Edelweiss Finance Services has denied allegations of a forex scam over which the Enforcement Directorate
IL&FS board proposes distribution framework for group resolution – The Economic Times
MUMBAI: Offering relief to operational and unsecured creditors as well as provident funds, the new Infrastructure Leasing & Financial Services Ltd (IL&FS) board has decided
It’s one step forward, one back for troubled shadow banks – business news – Hindustan Times
India’s shadow banks, which lend to everyone from teashop merchants to property tycoons, get a mixed bill of health in Bloomberg’s latest check. The sector
Despite overall fall in commercial bad assets, MSME bad loans on the rise | Business News,The Indian Express
The Reserve Bank of India’s Financial Stability Report had last week indicated the worst may not be over for banks on the bad loan front,
Debt: A record Rs 5.9 lakh crore bond bill is looming over Indian firms – The Economic Times
By Divya Patil It’s the last thing India’s stricken credit markets need: a record debt bill. Companies must repay an unprecedented 5.9 trillion rupees ($83
Reliance Home Finance: Bondholders drag Reliance Home Finance to NCLT – The Economic Times
Mumbai: A trustee to Reliance Home FinanceNSE -3.85 %’s bondholders has approached the National Company Law Tribunal (NCLT), seeking to recover Rs 3,500 crore of
NCLAT reserves order over NCLT’s jurisdiction to implead auditors in IFIN case – The Economic Times
NEW DELHI: Hearing a plea by Deloitte Haskins and Sells and KPMG arm BSR & Associates, the NCLAT on Friday reserved its order on the
You will have to deposit 20 percent amount in Cheque Bounce case – SC – The Financial Express
Cheque Bounce Case: The Supreme Court has held that the accused shall deposit 20 per cent of the amount in question to appeal against order
Home buyers file plea in SC challenging Insolvency & Bankruptcy Code amendment – The Economic Times
NEW DELHI: Home buyers have challenged the ordinance passed by the central government to amend the Insolvency & Bankruptcy Code (IBC) 2016. They have demanded
In a first, IBC process ordered for failing to pay an insolvency services company – The Economic Times
HYDERABAD: The National Company Law Tribunal (NCLT) has ordered insolvency resolution process against a company in probably the first such case in India where the
Coffee Day defaults on repayment of loans to banks, others – The Hindu BusinessLine
offee Day Enterprises on Thursday said it has defaulted on payment of loans taken from banks and others. In a notice to stock exchanges, the
NCLT warns Jet Airways CoC of contempt proceedings | Deccan Herald
The NCLT on Wednesday warned Jet Airways CoC of contempt proceedings if they do not release interim funds to the resolution professional by January 20
State Bank to provide guarantee to homebuyers on completion of projects | Business Standard News
Country’s largest lender State Bank of India will provide guarantee to home buyers for project completion to push demand for residential units. Thw scheme also
Banks staring at 20% more provisioning for Rs 2.2-trillion debt | Business Standard News
Bankers said they are looking outside the bankruptcy courts and will be able to resolve a few debts in the power sector before January-end Last
Religare: Religare Finvest: Rare debt recast among India’s shadow banks may see 49% haircut – The Economic Times
By Suvashree Ghosh Creditors to a struggling Indian shadow financier, once controlled by former billionaires Shivinder Singh and Malvinder Singh, are finalizing a rare debt
Liquidation process: Secured creditor cannot sell assets to entities ineligible for insolvency plan – The Economic Times
A secured creditor cannot sell assets of a company undergoing liquidation process to any person barred from submitting an insolvency resolution plan, as per a
Lessons from NTPC bid for Avantha Assets–Economic Times
NTPC has reportedly outbid Adani for Avantha’s 600 MW Jhabua power plant in Madhya Pradesh, offering to pay Rs 1,900 crore, two and a half
RCom: SC rejects Centre’s plea challenging refund of Rs 104 crore ordered by TDSAT to RCom – The Economic Times
The Supreme Court rejected the government’s plea challenging the telecom appellate tribunal’s order directing refund of Rs 104.34 crore to Reliance Communications (RcomNSE 0.00 %).
Insolvency code modified: This type of investors won’t be able to buy out under liquidation – The Financial Express
An official release on Tuesday said the IBBI has notified changes to liquidation process regulations. A secured creditor cannot sell assets of a company undergoing
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