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
Category: IBC-SEBI
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
Raghuram Rajan: Performance on MUDRA loans: PSBs vs. private banks–Economic Times
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
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
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