Dewan Housing Finance Company Ltd. (DHFL) has become the first financial service provider (FSP) to undergo resolution under the new framework for FSPs. Regulated FSPs,
Category: IBC-SEBI
Insolvent individuals may face ban on holding, running for public office | Business News,The Indian Express
Though IBC provides for the initiation of insolvency proceedings against individuals, it has until now been silent on the process for the same. The Insolvency
Ex-Maruti MD booked for Rs 110 cr bank loan fraud: CBI | Deccan Herald
Former Maruti Udyog Ltd Managing Director Jagdish Khattar has been booked by the CBI for allegedly cheating Punjab National Bank (PNB) of Rs 110 crore
Gross NPA ratio improves to 9.1 as of Sept end: RBI | Deccan Herald
As the bad loan recognition process nears completion, the health of the banking system has improved with the gross non-performing loan ratio remaining stable at
Cabinet clears ordinance to further amend insolvency law–India Today
The Union Cabinet on Tuesday approved an ordinance to further amend the Insolvency and Bankruptcy Code (IBC), which will help remove certain ambiguities. With the
New IBC buyers won’t go to jail for previous misdeeds; govt nod to amend bankruptcy code – The Financial Express
This would encourage more bidders to bid for stressed assets – without fear of criminal prosecutions. Potential buyers of fraud-hit companies under IBC need not
Zilch: That’s what banks are likely to recover from 354 liquidation cases – The Economic Times
Banks are staring at nil to negligible recovery in ongoing 354 liquidation cases in 2020. Most stressed assets are sold at throw-away prices and are moving for liquidation
NBFCs: What Arvind Subramanian meant when he talked of India’s Four Balance Sheet challenge – The Economic Times
Arvind Subramanian discussed the twin balance sheet challenge in great detail in the Economic Survey of 2016-17. Arvind Subramanian, in his latest paper, argues that
Essar deal to expedite recoveries: Rajnish Kumar, SBI chairman – The Economic Times
State Bank of India is set to get about Rs 12,161 crore as the largest acquisition through the three-year-old Insolvency and Bankruptcy Code (IBC) is
Housing sector needs a home–Economic Times
By Shrikant Joshi The real estate sector is being propelled by advancements in three major constituents: government, judiciary and customers. Recently introduced reforms like the
Bhushan Power & Steel: Former Chairman of Bhushan Power & Steel deleted electronic data to conceal his wrongdoings: ED to Court – The Economic Times
An Assistant Engineer of Bhushan Power and Steel Limited (BPSL) has told the probe agencies that Sanjay Singal, former Chairman of BPSL deleted electronic data of his e-mail
IBC –Supreme Court Judgements–Source IBBI
Alchemist–Done Arcelormittal V SK Gupta–Done BK Educational V Paraj–Done Chitra Sharma–Done Innoventive Forech V Edelweiss–Done Jaipur Metal Employees V MD–DoneJK Mazdoor V JK Mill–Done JK
Tata verdict: Min seeks modification in NCLAT order | Deccan Herald
The Corporate Affairs Ministry on Monday moved the National Company Law Appellate Tribunal seeking certain modification in its order in the Tata Sons matter. The
Companies under IBC process may get GST relief – The Economic Times
The government may allow companies undergoing resolution under the Insolvency and Bankruptcy Code (IBC) to pay current levies of goods and services tax (GST) without
Registering a company? Starting a business gets just a little bit easier | Business Standard News
Registering a company? Soon there will be one fewer thing to worry about, with the Ministry of Corporate Affairs (MCA) planning to give a bank account number
IBC to Central GST Act, 10 laws that changed the way India does business | Business Standard News
Insolvency and Bankruptcy Code, 2016 Delivering results The Code is considered one of the biggest success stories in the government’s efforts to de-clog the economic
Some good news on economic front | [ Recovery–IBC 2016 ]–Deccan Herald
Arcelor Mittal, the world’s largest steel conglomerate, announced the Rs 42,000-crore acquisition of Essar Steel through the insolvency and bankruptcy resolution process. After a tortuous
Has IBC been successful in reducing India’s stressed assets | INTERVIEW – The Financial Express
Background checks in terms of conflict and integrity should be done for insolvency professionals, with timelines being set to complete proceedings. Insolvency and Bankruptcy Code
What is Finance Bill? Difference between Money Bill and Finance Bill | The Financial Express
What is a Finance Bill? As per Article 110 of the Constitution of India, the Finance Bill is a Money Bill. The Finance Bill is a
Expedite decision on fresh EOIs: NCLT to Jet Airways lenders – The Economic Times
The NCLT on Thursday directed the Committee of Creditors (CoC) of Jet AirwaysNSE 4.79 % to expedite their decision on seeking fresh EoIs in view of new
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