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,
Category: IBC-SEBI
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
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
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