Avoid in the law that till now offered no resolution path for troubled non-banking finance companies (NBFCs) which are unable to service their debts has
Category: IBC-SEBI
Debt Recovery Tribunal stops DHFL from making payments – The Economic Times
The Pune bench of the Debt Recovery Tribunal (DRT) has stopped DHFLNSE -4.92 % from making any further payments to any of its unsecured creditors, passing an order on
Jaypee Infra insolvency: NBCC sweetens bid by offering more land & benami flats to lenders – The Financial Express
State-owned NBCC Ltd on Sunday sweetened its bid to acquire bankruptcy-bound Jaypee Infratech, by offering lenders 1,426-acre land instead of 950 acres earlier and also
RBI turns down banks’ plea to relax June 7 circular on stressed assets | Business Standard News
With no resolution in sight for nearly Rs 3 trillion of stressed assets, banks seem to be reaching a dead end with respect to the
From oil adulteration to IBC resolution, here’re the key court orders | Business Standard Column
‘Full and final voucher’ no bar to arbitration The discharge voucher demanded by insurers and government entities before disbursing amounts due came up again in
Rescue financiers call for ministry’s protection in insolvency proceedings | Business Standard News
The government is examining the demand of last-mile financiers to be given priority in insolvency and bankruptcy proceedings, a senior government official told Business Standard.
Insolvency rules for FSPs: Regulator has more control than CoC, say experts | Business Standard Column
The government last week came up with an interim framework for resolving financial stress in financial service providers (FSPs) through a structured resolution and liquidation
SC nod to ArcelorMittal’s Essar Steel takeover paves way for Aditya Mittal’s India foray–Business Today
The stage is set for the princely entry of Aditya Mittal, the 43-year-old son of billionaire Lakshmi Niwas Mittal, in Indian business. The London-based Mittal
Insolvency and Bankruptcy Code: NCLT is a resolution and not a recovery mechanism: Bahram N Vakil – The Economic Times
We didn’t follow the US because we don’t want ‘debtor in possession’. The newly-formed committee to review amendments to the Insolvency and Bankruptcy Code may have to
IBC: Getting your dues: Procedure for creditors to file under IBC – The Economic Times
By Abhay Chandalia Micro, Small and Medium Enterprises (MSME) have a duel battle to fight. One is growing competition and the other is growing requirement
Is SC’s Essar Steel verdict key to solving India’s bad loan problem? – The Economic Times
By Swansy Afonso and Upmanyu Trivedi ArcelorMittal’s $5.9 billion takeover of an Indian steel mill is a shot in the arm for lenders, which have
Essar Steel verdict | ET Explains: How Essar Steel verdict changes the rules of the game for future bankruptcy cases
In a landmark judgment, the Supreme Court has upheld the supremacy of the Committee of Creditors comprising the financial creditors of the bankrupt firms over the distribution
Govt notifies insolvency rules for resolution of financial service providers – The Economic Times
The government on Friday notified rules under the insolvency law to deal with resolution of financial service providers, excluding banks. The corporate affairs ministry has notified the Insolvency and Bankruptcy (Insolvency
Insolvency regime for personal guarantors to corporate debtors from December 1 – The Economic Times
The insolvency regime for individual guarantors to corporate debtors will be in force from December 1, according to the government. The provisions for resolution for individuals under
A step forward for insolvency resolution–Economic Times
The Supreme Court judgment clearing the way for resolution of Essar Steel’s insolvency that transfers control of the company to ArcelorMittal is a big step
Essar Steel: Look forward to close Essar Steel acquisition soon: ArcelorMittal
New Delhi: Global steel giant ArcelorMittal on Friday said it is looking forward to close the acquisition of debt-ridden Essar Steel soon. The remarks followed the apex
Essar Steel verdict | ET Explains: How Essar Steel verdict changes the rules of the game for future bankruptcy cases
NCLAT’s Essar Steel ruling set aside: Everything you need to know In a landmark judgment, the Supreme Court has upheld the supremacy of the Committee of Creditors
IBC process gets back on track after SC nixes NCLAT ruling in Essar Steel – The Financial Express
It said secured lenders and operational creditors would receive 60.7% of their outstanding claims and proportionately share the money that the bidder—Arcelor Mittal—had offered to
Your bank deposits just got safer; PMC bank fallout prompts long-desired action on insurance limit – The Financial Express
Finance Minister Nirmala Sitharman on Friday said the government will bring legislations on raising insurance cover on bank deposits from the current Rs 1 lakh
Lenders may miss RBI’s six-month deadline to approve debt-resolution plans | Business Standard News
Lenders are likely to miss the six-month deadline set by the Reserve Bank of India (RBI) to find a resolution of defaulting companies by December
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