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
Category: IBC-SEBI
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
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
3 reasons why Vodafone Idea will file for bankruptcy; 3 reasons why it should be kept alive–Business Today
The last 48 hours have been action-packed for the beleaguered Vodafone Idea, the largest telecom operator in India with 375 million subscribers. After threatening to
Arun Jaitley’s big message to defaulters: ‘IBC instilling fear’ – The Financial Express
Potential loan defaulters have started paying up as the Insolvency and Bankruptcy Code (IBC) has instilled the fear of losing their businesses if they cross
Another auditor arrested in PMC Bank scam – The Economic Times
The Economic Offences Wing (EOW) of Mumbai Police has arrested an auditor in connection with the alleged Rs 4,355 crore scam at the Punjab & Maharashtra Cooperative (PMC) Bank,
Committee of creditors extends RCom’s asset bid deadline by 10 days – The Financial Express
“Committee of Creditors of Reliance Communications has extended deadline to submit bids by 10 days. The bids will now be opened on November 25,” the
IBC Resolution: Time-bound e-bidding to speed up IBC resolution–Economic Times
The government amended the Insolvency and Bankruptcy Code in an attempt to speed up the corporate insolvency resolution process by setting a limit of 330
Aviva Life Insurance: Aviva Life faces IBC trial over ‘not paying landlord’ – The Economic Times
Aviva Life Insurance has become the first financial company to be admitted into Insolvency and Bankruptcy Code (IBC) proceedings after the National Company Law Tribunal (NCLT) upheld a landlord’s claim
office Registration location change: Change in the location of a registered office: how to go about it
By Tanvi Loond Every business entity has a principal place of business which defines the identity of the entity and its place of domicile. In
DHFL lenders file intervention plea in Bombay high court – The Financial Express
Lenders to Dewan Housing Finance Corp (DHFL) have filed an intervention petition at Bombay High Court, to be part of the main petition filed by
Resolution of financial service providers possible under IBC: IBBI chief | Business Standard News
The Insolvency and Bankruptcy Code has a provision for resolution of financial service providers and there is a thinking that such a solution could be looked at
Banks hire scores of oversight agencies to keep tabs on end-use of loans | Business Standard News
With increasing cases of fund diversions, banks have come together and empanelled as many as 83 oversight agencies to keep a tab on the end-use of loans,
Realty revival: IBC, Rera may need tweaking for booster shot to take effect | Business Standard Column
Last week the government administered a Rs 25,000-crore booster shot to rescue the real estate sector by approving a “Special Window” fund or an alternative
NCLT directs to initiate insolvency proceedings against AVP Buildtech–Business Today
The National Company Law Tribunal (NCLT) has directed to initiate insolvency proceedings against Delhi-based real estate firm AVP Buildtech Ltd by admitting a plea of
Kwality insolvency: Lenders reject Haldiram’s Rs 142-cr bid; snacking firm knocks NCLT door
Lenders of Kwality Ltd have rejected the Rs 142 crore bid of Delhi-based Haldiram Snacks, which emerged as the sole bidder to acquire the debt-ridden
Amrapali, Unitech & Jaypee Infratech homebuyers left out from FM’s Rs 25,000 crore booster – The Economic Times
More than 75,000 homebuyers of Amrapali, Jaypee InfratechNSE 3.70 % and UnitechNSE 8.33 % in the National Capital Region are unlikely to be eligible for support from the Rs 25,000
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