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
Category: IBC-SEBI
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
Bankrupt IVRCL struggles to find buyer; fate of 1,100 employees hangs in balance–Business Today
The fate of 1,100 employees of infrastructure firm IVRCL is hanging in balance as the company under the liquidation process is struggling to find a
Govt mulls special window for NBFCs under insolvency law after real estate booster–Business Today
The government is mulling a special window to address debt woes of stressed non-banking financial companies under the insolvency law, a senior official said on
Anil Ambani dragged to court for $680 million unpaid loan – The Economic Times
By Ellen Milligan and Jonathan Browning Three Chinese banks are suing the brother of Asia’s richest man in a London court for failing to pay
Homebuyers’ lobby seeks RERA listing relaxation for stress fund support – The Economic Times
The body has also suggested engaging homebuyers in monitoring of the fund usage and completion of the project as against mere disbursement of money to
RBI official says multiple regulators hurting bond market development – The Financial Express
A senior Reserve Bank official on Friday blamed the presence of multiple regulators with disparate priorities for the ills plaguing the corporate bond market saying
Include non-RERA projects in Rs 25,000 crore bailout fund: Homebuyers’ body FPCE urges PM Modi – The Financial Express
Homebuyers’ body FPCE on Friday asked Prime Minister Narendra Modi to modify eligibility conditions for the Rs 25,000 crore real estate bailout fund to include financing of
Real Estate sector fund: Govt’s Rs 25,000 crore realty fund can only help 6% of stalled constructions–Economic Times
By Abhijit Roy Chowdhury, Bibhudatta Pradhan and Dhwani Pandya India’s plan to set up a 250 billion-rupee ($3.5 billion) fund to salvage stalled residential projects
DHFL shadow lenders: India not planning to help banks rescue shadow lender DHFL: Sources
India’s government has no plans to participate in the rescue of Dewan Housing Finance Corporation LtdNSE 4.96 % (DHFL), according to two sources involved in talks on
ET Explains: A lowdown on government’s Rs 25,000 crore realty booster shot – The Economic Times
According to the finance ministry’s estimate, there are a total of 1,600 stalled housing projects The government has announced the creation of an Alternate Investment
Govt’s Rs 25,000cr realty booster inadequate to revive stalled projects: ICRA – The Economic Times
The government’s Rs 25,000-crore fund to complete about 1,500 stalled affordable and mid-income housing projects is not adequate, credit rating agency ICRA said on Thursday.
Govt’s realty stress fund for stalled projects may aggravate demand-supply imbalance, says report – The Economic Times
The government’s decision to set up a fund of Rs 25,000 crore to provide priority debt financing for the completion of stalled housingNSE 2.84 % projects is
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