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
Category: IBC-SEBI
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
The right reaction | IBC 2016–Business Standard Editorials
The Union Cabinet has signed off on further amendments to the landmark Insolvency and Bankruptcy Code (IBC). The purpose of these amendments is to ensure that there
Proposed changes to IBC may augur well, but apprehensions still remain | Business Standard News
Proposed amendments to the Insolvency and Bankruptcy Code (IBC), one of the most-reformed laws of recent times, have laid to rest most of the concerns, but apprehensions
Over 9,600 cases worth Rs 3.75 trn disposed of at IBC pre-admission stage | Business Standard News
As many as 21,136 applications have been filed under the Code, the corporate affairs ministry said in a release on Sunday. More than 9,600 cases
Amended IBC sets threshold for initiating corporate insolvency cases | Business Standard News
The government has proposed at least 100 individuals or 10 per cent of creditors such as homebuyers have to come together to initiate corporate insolvency
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
Arbitration venue to green clearance, key court orders from last week | Business Standard Column
SC quells row over arbitration venue Though arbitration clauses are often drafted by the best legal brains, basic issues like jurisdiction of courts is a
Essar Steel verdict: Strengthening committee of creditors comes with riders | Business Standard Column
The ArcelorMittal saga finally achieved quietus on November 15, 2019. Its resolution plan for rehabilitating Essar Steel was blessed by the apex court. While the judgment traverses
Karvy incident aftermath: Legal shadow cast over collateral business | Business Standard Column
In the aftermath of the Karvy incident, lending against third-party collateral facility raises questions over regulations concerning banks and brokers which are at loggerheads. While
Ease of Doing Business taken care of; next frontier, COST of Doing Business – The Financial Express
India is consistently improving on the Ease of Doing Business ranking, but there is still large scope in matching the pace with peers on the
Bombay HC sets aside insolvency order by NCLT on Rolta – Times of India
In a significant order, the Bombay high court has set aside an order of the National Company Law Tribunal (NCLT), Mumbai, by which it had
घोळ: ‘SBI’मध्ये चक्क थकीत कर्जे गायब! -महाराष्ट्र टाइम्स
भारतीय स्टेट बँकेने (एबीआय) थकीत कर्जात मोठा घोटाळा झाल्याची माहिती शेअर बाजाराला कळवली आहे. ‘पीटीआय’ने दिलेल्या वृत्तानुसार ‘एसबीआय’ने गेल्या वर्षात एकूण थकीत कर्जांपैकी सुमारे १२
What needs to be done to fix shadow banking – The Financial Express
A pointer can be that RBI should consider integrating these societies into the banking system. Every crisis in the financial sector brings to the fore
NCLAT stays NCLT directive to make MCA party to all insolvency cases – The Economic Times
The National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed an order passed by NCLT to make the Ministry of Corporate Affairs a party to all applications
IBC to be amended to protect new owners of bankrupt companies – The Economic Times
The Centre is set to alter the insolvency code to shield new owners of bankrupt companies from criminal liabilities pertaining to the time when the entities were controlled by
Yes Bank drags McLeod Russel to NCLT over Rs 500-crore loan default – The Financial Express
More trouble appears to be brewing for debt-laden McLeod Russel as Yes Bank has moved the National Company Law Tribunal (NCLT) against the company, once the biggest
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