SC issues notice to Centre as several home buyers challenge the constitutional validity of ordinance Home buyers whose petitions were pending before the NCLT for
Category: IBC-SEBI
RERA Should Be The First Port Of Call For Aggrieved Homebuyers-Munish Sharma – BW Businessworld
It’s now commonly acknowledged that India is firmly in the throes of a slowdown with many distinguished economists such as the former Governor of the
New body may settle claims if a bank fails – india news – Hindustan Times
A draft Cabinet note has proposed the creation of an empowered Resolution Authority (RA) for timely and orderly resolution of financial troubles at banks and
Anil Ambani: Forensic audit finds no fraud, fund diversion at Reliance Home Finance – The Economic Times
NEW DELHI: Reliance Home FinanceNSE -3.85 % on Sunday said an independent forensic audit, mandated by lenders, has found no fraud, embezzlement or diversion and
Changes in IBBI norms to prevent backdoor entry of ex-promoters in cos under liquidation: Experts – The Economic Times
NEW DELHI: The amendments in the IBBI regulations will prevent backdoor entry of former promoters in companies under liquidation by covering the “loopholes” in the
Pre-deposit in cheque to bank guarantee, key court orders of last week | Business Standard News
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
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
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