Former RBI Guv Rajan may have been the first to highlight this risks, but he is not the only one. In September 2018, former Reserve
Category: IBC-SEBI
PMC Bank: HDIL, its promoters have to repay loan to PMC Bank: HC – The Economic Times
The Bombay High Court on Thursday said the HDILNSE -4.23 % and its promoters Rakesh Wadhawan and Sarang Wadhawan will have to repay their loan to crisis-hit Punjab and Maharashtra Cooperative
PMLA vs IBC: Experts explain why battle for primacy is far from over | Business Standard Column
In a bid to make way for a better insolvency resolution process, the Union Cabinet has approved a set of amendments to the Insolvency and Bankruptcy Code (IBC) through
What is Cash Reserve Ratio in India? CRR meaning, formula, RBI | The Financial Express
Cash Reserve Ratio (CRR) RBI meaning, CRR rate: The Cash Reserve Ratio in India is decided by RBI’s Monetary Policy Committee in the periodic Monetary and Credit Policy.
No coercive steps against Bhushan Steel ex-promoter Neeraj Singal in PMLA matter related to fraud case: Delhi HC to ED – The Financial Express
According to Singal’s plea, section 447 of the Companies Act which provides the punishment for fraud was added to the scheduled offences after the amendment
IBC: The unresolved components of insolvency law – The Financial Express
By SR Patnaik The Insolvency and Bankruptcy Code, 2016, was introduced to promote the ease of doing business in India, with an objective of addressing
Ericsson wants RCom’s refund plea rejected, with costs – The Economic Times
Ericsson has said a bankruptcy tribunal can’t “adjudicate” on pleas by Reliance CommunicationsNSE 5.56 % for a refund of Rs 550 crore from the Swedish telecom equipment maker,
SBI under-reported bad loans by Rs 11,932 crore in FY19, says RBI report
The Reserve Bank of India has found that State Bank of India (SBI) has under-reported bad loans by Rs 11,932 crore during the financial year
Credit crisis is easing in India, but only for safest corporate borrowers | Business Standard News
India’s credit crisis appears to be winding down for the safest borrowers, but it’s hardly time to celebrate as weaker firms still struggle. Policy makers
Minimum 100 home buyers needed for insolvency plea against builders – The Economic Times
The much hailed accreditation as financial creditors to home buyers now comes with riders. Home buyers, willing to take the developer to an insolvency court, will now have to
Rajnish Kumar: Essar resolution likely to boost Q3 profit: SBI Chief – The Economic Times
State Bank of India chairman Rajnish Kumar expects profit in the third quarter to get a boost from the resolution of the Essar Steel insolvency case, which will give
Banks recover ₹6,000 crore in Prayagraj sale – The Economic Times
A consortium of 18 lenders, led by State Bank of IndiaNSE -0.21 % (SBI), have successfully recovered ₹6,000 crore from the sale of the debt-laden Prayagraj Power
MCA’s 2019 Review: Steps for ease in business, insolvency resolution – The Economic Times
In its year-end review, the Ministry of Corporate Affairs (MCA) on Sunday mentioned the various steps it undertook in 2019 for ease of doing business and creating
Cases involving Rs 3.75 lakh cr disposed of at IBC pre-admission stage – The Economic Times
More than 9,600 cases involving a total amount of nearly Rs 3.75 lakh crore have been disposed of at the pre-admission stage of the insolvency law process,
Insolvency law to have positive impact on debt market: Sebi chief – The Economic Times
Sebi Chairman Ajay Tyagi on Monday expressed hope that positive impact of the insolvency law will be visible on the domestic corporate debt market in five years. Describing the Insolvency
IBC saved 160 cos from premature death: MS Sahoo – The Economic Times
The code, which provides for resolution of stressed assets in market-linked and time-bound manner, came into force in 2016. The Insolvency and Bankruptcy Code (IBC) has saved
BPSL CoC moves SC for clarity on primacy of IBC over other laws – The Financial Express
The CoC said that the two impugned orders have raised questions over primacy of the Insolvency and Bankruptcy Code over the Prevention of Money Laundering
Texmaco Rail moves NCLAT against NCLT order on unit – The Financial Express
For last fiscal, Texmaco Rail’s net profit and gross revenue from operations were at Rs. 75.30 crore and Rs. 2005.20 crore, respectively. Texmaco Rail &
Creditors, home buyers approve NBCC’s bid for debt-laden Jaypee Infra | Business Standard News
Jaypee Infratech’s financial creditors, including lenders and homebuyers, have approved the bid of state-owned NBCC to acquire the debt-laden realty firm under insolvency process, according
SAT denies relief to Axis Bank in Karvy case, asks it to approach Sebi | Business Standard News
The Securities Appellate Tribunal (SAT) has denied relief to Axis Bank in the Karvy case. The private lender had approached the tribunal seeking the shares pledged by Karvy to
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