By Suvashree Ghosh India’s surprise seizure of a troubled Indian shadow bank won’t end the woes of its lenders, faced with the risk of heavy
Category: IBC-SEBI
Bhushan Power and Steel Limited former CMD arrested by Enforcement Directorate – The Economic Times
More than two years ago, the Reserve Bank of India ordered local banks to take Essar Steel and 11 other borrowers to ‘trials’ under a
DHFL Q2 results: DHFL postpones release of financial results – The Economic Times
Crippled mortgage lender DHFLNSE 4.96 %, whose management has been taken over by the RBI, on Friday informed stock exchanges that it will not be able to
Crisis as opportunity for the bond market–Economic Times
Overseas banks show appetite for bonds issued by troubled non-banking financial companies (NBFCs), which are now rated at less than investment grade. This piece of
Global bond market looks to Modi for greater access to India–The Print
Mumbai: International investors are calling on India to throw open the doors to its sovereign bond market with the promise of more capital to finance its
Wealth managers, merchant bankers may come under IBC – Times of India
Highlights Officials said there would be 30-40 categories of financial intermediaries who would come under the scope of the law after the government extended it
NPA norms may be tougher than Basel’s: RBI deputy governor N S Vishwanathan | Business Standard News
The Reserve Bank of India (RBI) is working on a corporate governance structure for banks in line with Basel norms, but the Indian version would likely be
Essar Steel verdict: How the SC ruling is a game-changer for future bankruptcy cases in India–Business Today
More than 46 years back in 1973, a 13 judge Supreme Court bench asserted a doctrine that the Indian Constitution possesses a basic structure of
dewan housing finance: View: Haircuts for Indian finance — bald or bold? Signs from the DHFL case – The Economic Times
By Andy Mukherjee India is trying something new. After watching the shadow banking industry collapse in slow motion for more than a year, authorities have
Jaypee Infra: Voting on resolution plans likely December 8-11 – The Economic Times
The Committee of Creditors (CoC) of the Jaypee InfratechNSE -4.17 % (JIL) have planned to start the voting process on the resolution plans for the bankrupt company
Small businesses’ new weapon against big firms: IBC gives MSMEs this power to collect dues – The Financial Express
Credit and Finance for MSMEs: To help MSMEs tide over their problem of delayed payments by large businesses, the Insolvency and Bankruptcy Board of India (IBBI)
SBI Chairman hopes IBC timeline be adhered to in DHFL resolution | Business Standard News
A day after the Reserve Bank decided to refer crippled Dewan Housing Finance to insolvency courts, State Bank of India Chairman Rajnish Kumar said banks expect specified timelines of
Homebuyers’ forum urge PM not to amend NCLT | Deccan Herald
In a letter to Narendra Modi, the FPCE has demanded the government from yielding to the pressure from real estate developers and amend the Insolvency
RBI supersedes DHFL board; may soon refer mortgage lender for insolvency proceedings – The Financial Express
The board of Dewan Housing Finance (DHFL) has been superseded by the Reserve Bank of India (RBI) on governance-related concerns and payment defaults. “The Reserve Bank has
Ahead of bankruptcy, RBI takes charge of troubled DHFL – The Financial Express
By Shritama Bose & Malini Bhupta The Reserve Bank of India (RBI) said on Wednesday it had superceded the board of DHFL (Dewan Housing Finance Corporation) and
NCLAT rejects DBS’s claim for bigger share of Ruchi Soya resolution proceeds – The Financial Express
The National Company Law Appellate Tribunal (NCLAT) has turned down a plea of the Singapore-based DBS Bank, seeking a bigger share of proceeds from the
Worried independent directors no longer keen to hold board seats – The Economic Times
The exit of independent directors from India Inc. boards has gained momentum, with the number more than doubling in the first six months of this financial year.
Breather for telcos: 2-year moratorium on payment of spectrum dues | Business Standard News
The debt-ridden telecom industry, looking for financial relief from the government, has got a two-year moratorium in making payments for past spectrum auctions. The Union Cabinet on
Insolvency and Bankruptcy Code should be the preferred option for resolution of bad loans, not the last resort | The Indian Express
The Supreme Court judgment in the Essar Steel case has restored the primacy of the committee of creditors (CoC), settling the contentious issue of the
Gandhigiri at Videocon: Workers unpaid for 14 months beg on streets to collect gift for promoter Dhoot–Business Today
Workers in Videocon’s largest plant in Aurangabad, Maharashtra roamed the streets during Diwali days to collect alms worth Rs 721 to send to former owner
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