India’s gross domestic product in the July-September quarter grew 4.5%, the slowest pace of quarterly growth since the beginning of 2013. This was the sixth
Category: IBC-SEBI
No blanket action: Audit company may not face ban for a few partners’ fault – The Financial Express
The ban, the committee feels, should be limited to only those auditors who are found to be guilty and the firms may ordinarily be let
Work is on to address cross-border insolvency: Sahoo | Deccan Herald
Insolvency and Bankruptcy Board of India chairman M S Sahoo on Saturday said work is on to amend the Insolvency and Bankruptcy Code 2016 that
Patanjali secures Rs 3,200-cr loan to buy Ruchi Soya | Deccan Herald
Baba Ramdev-led Patanjali Ayurved on Friday said it has already tied up loan worth Rs 3,200 crore from a consortium of lenders led by State
Work is on to amend IBC to address cross-border insolvency: MS Sahoo – The Financial Express
The committee has submitted its report and there will be progressive amendments to the law very soon, he said. Insolvency and Bankruptcy Board of India
SBI: Corporate frauds see a massive surge: SBI – The Economic Times
The number of frauds at State Bank of IndiaNSE -2.13 % (SBI), the country’s biggest mass-lender, has nearly trebled in the first seven months of this fiscal
SC decides to recall its September order on Amtek Auto – The Financial Express
The apex court had in September allowed resolution professional and lenders to invite fresh bids and decide on final resolution plan within two weeks thereafter.
DHFL: RBI files application for insolvency proceedings against DHFL – The Economic Times
The Reserve Bank of India filed insolvency proceeding against beleaguered Dewan Housing Finance Limited (DHFLNSE 4.27 %) with NCLT on Friday. “Debt moratorium on DHFL till insolvency plea has
Three years on, Insolvency and Bankruptcy Code is learning from outcomes, growing stronger | The Indian Express
The recent empirical work on links between corporate bond markets and the bankruptcy system predicts that safe firms will issue bonds but higher risk firms,
Banks for speeding up DHFL debt recovery | Business News, The Indian Express
SBI Chairman Rajnish Kumar recently said many suitors are expected for DHFL as “it’s a good franchise”. With the Reserve Bank of India (RBI) taking
NCLT stops DoT from canceling Aircel spectrum, licence | Deccan Herald
The National Company Law Tribunal on Thursday directed the department of telecommunications (DoT) not to cancel the telecom license and spectrum issued to Aircel which
Big insolvency dilemma for proprietary firms; here’s what small businesses need soon – The Financial Express
By Vijay Kumar Gupta India has a strong reason to rejoice amidst the gloom pervading for the past eighteen months in the business environment. As per
SBI Caps to give report on four bidders for Anil Ambani’s RCom to CoC | Business Standard News
SBI Caps has finalised a detailed evaluation of the bids of the four companies that have offered to buy Anil Ambani’s telecom business. The report will be presented
Govt may announce UPA-style bailout of stressed NBFCs in Budget 2020 | Business Standard News
The proposals have been discussed at the highest level in the finance ministry and are likely to find mention in the Union Budget due in
Central govt wants Reserve Bank of India to buy out NBFCs’ bad loans–Deccan Chronicle
The central government wants the Reserve Bank of India to set up a fund to buy out stressed assets of the country’s top 25 shadow
Karvy Stock broking: Karvy scandal appears to have been almost too easy to pull off – The Economic Times
By Dhirendra Kumar Stock investors are in a tizzy because of the Karvy scandal. Equity investing in India is difficult enough without worrying about whether the
Law firms are laughing all the way to the bank amid swelling IBC, GST cases–Economic Times
There seems no slowdown in the business of law as the country’s legal sector has increased its fee income by more than 62% in two years at
Jai Balaji Industries: Omkara ARC rejigs debt bought from banks – The Financial Express
After Edelweiss ARC acquired over 12% stake in Jai Balaji Industries, which escaped an insolvency proceeding, as a process of restructuring a part of the beleaguered
Bank fraud: ED attaches Rs 5-cr assets of Rajasthan gems exporting firm, promoters – The Financial Express
The ED has attached assets worth over Rs 5 crore in connection with an alleged bank loan fraud and money laundering probe against a Rajasthan-based
Relief to firms! SC strikes down ‘automatic stay’ for arbitral awards – The Financial Express
A Bench led by Justice RF Nariman while striking down Section 87, as inserted by the 2019 Amendment Act, said that the provision was “manifestly
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