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
Category: IBC-SEBI
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
How confidential should bank inspection reports be? | Business Standard Column
Transparency and maximum disclosure are the immutable cornerstones of an effective democracy. However, absolute and uncontrolled information flow may sometimes be antithetical to the objective
Regulators need some capacity building – The Hindu BusinessLine
The meltdown of IL&FS and DHFL suggests that regulators need better systems to keep pace with market ingenuity The success of the liberalisation of the
All you wanted to know about yield curves – The Hindu BusinessLine
In recent months, business media around the world has displayed an unusual obsession with curves — yield curves. A few months ago, analysts in the
NCLAT stays liquidation process of IVRCL Ltd – NEWS – The Hindu BusinessLine
The National Company Law Appellate Tribunal, Delhi, has stayed the liquidation process of the debt-strapped Hyderabad-based construction and infrastructure company IVRCL Ltd. This development follows
Combating the animosity towards auditors – OPINION – The Hindu BusinessLine
Rather than blaming auditors for lapses, it may be worth shifting focus to improving regulation and conduct in the field An auditor is a watchdog,
RBI revises supervisory norms for urban cooperative banks – The Economic Times
The RBI on Monday revised the Supervisory Action Framework (SAF) for urban cooperative banks to ensure expeditious resolution of financial stress being faced by some
Synergy Group submits fresh EOI for Jet Airways – The Economic Times
Jet Airways, India’s oldest private airline, stopped operating on April 17 after running out of cash to stay afloat. On June 20, India’s bankruptcy court
Audit reports must for sections of private firms effective FY21 – The Financial Express
Currently, private firms aren’t required to furnish financial statements; only listed companies are required to disclose their statements every 3 months. The ministry of corporate
Way out of the impasse of ‘law’s delay’ | Business Standard Column
Law’s delay is a legendary expression made well known by Hamlet. Efforts are being made in all ages to remedy this situation, without much success.
NCLAT rejects ROC, Mumbai plea; says judgement cast no aspersions – The Hindu BusinessLine
The National Company Law Appellate Tribunal (NCLAT) on Monday rejected a plea by the Registrar of Companies (RoC), Mumbai, which had sought amendments to the
IBC amendment on homebuyers quorum challenged in apex court | Business News,The Indian Express
Following the amendments to the Insolvency and Bankruptcy Code (IBC), which mandated that at least 100 homebuyers must collectively file insolvency application against a builder
IBC– गृहप्रकल्पातील एकटय़ा ग्राहकाला यापुढे न्यायाधिकरणापुढे दाद मागण्यास प्रतिबंध! |लोकसत्ता
निशांत सरवणकर, मुंबई गृहप्रकल्पातील ग्राहकांनाही ‘धनको’चा दर्जा दिल्यामुळे एक लाख किंवा त्यापेक्षा अधिक गुंतवणूक करणाऱ्या एकटय़ा ग्राहकालाही ‘राष्ट्रीय कंपनी विधि न्यायाधिकरणा’कडे दाद मागता येत होती.
