“The government is very keen and is working very clearly together with the RBI to see how best we can, where necessary, tweak the existing
Category: IBC-SEBI
Dewan Housing Finance Corporation: DHFL seeks intervention from SBI, Union Bank to repay depositors – The Economic Times
Dewan Housing Finance CorporationNSE 4.95 % (DHFL) has urged its two top lenders to help lift a moratorium on repayments so that the stressed mortgage lender
Bankers expect resolution to DHFL issue by December-end – The Economic Times
Bankers expect the resolution of debt-ridden mortgage lender DHFLNSE 4.95 % to be finalised by the end of next month, according to a banker who is part
Govt working with RBI, reworking laws to help distressed home buyers: FM | Business Standard News
Union Finance Minister Nirmala Sitharaman on Tuesday said that the real estate sector needs the government’s attention and the Centre is working with the Reserve Bank of India (RBI) towards
DHFL: Bankers may reject DHFL revival plan over SFIO probe–Economic Times
Bankers working on debt resolution at Dewan Housing Finance Corp (DHFLNSE 4.92 %) are likely to reject a revival plan offered earlier by the company after
DHFL crisis: For a law to resolve financial firms–Economic Times
The reported stalling of attempted restructuring of Dewan Housing Finance Corporation (DHFL) following a probe ordered by the Serious Fraud Investigation Office into alleged improper
Realty reality: SC seeks govt, RBI reply on plea to call projects ‘3rd party assets’ – The Financial Express
Petition by Sachin Sudheer, a homebuyer of the Jaypee group, maintained that in the absence of such a declaration, all the homebuyers were likely to
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)
DHFL: Stopped payment to creditors following court orders: DHFL – The Economic Times
Debt-ridden mortgage firm DHFLNSE 4.87 % on Sunday said it has stopped payment to its creditors, including fixed deposit holders, following the direction of Bombay High Court. This clarification has come
Resolution-less bankruptcies on rise in India | Deccan Herald
In 2016, the Insolvency and Bankruptcy Code (IBC) was enacted with much fanfare amid hopes of reviving the stressed companies. Three years on, the picture looks
Morepen Laboratories moves NCLT against Wockhardt to recover outstanding dues–Business Today
Pharmaceuticals firm Morepen Laboratories Ltd has approached the National Company Law Tribunal (NCLT) seeking to retrieve money Wockhardt owes it for producing and delivering medicines
RERA officials to approach housing ministry for clarity vis-a-vis IBC – The Financial Express
The first national meet of officials of the Real Estate Regulatory Authority (RERA) is likely to brainstorm among others issues the scenario emerging out of
MCA floats a new testing proposal to filter frivolous independent directors | Business Standard News
The Ministry of Corporate Affairs has proposed a new testing system for independent directors of a company. This has been entrusted with the Indian Institute of Corporate Affairs, which
Three banks report NPA divergence a day after Sebi directive – The Economic Times
A day after market regulator Sebi put in place tighter disclosure norms, Lakshmi Vilas BankNSE 4.87 % and two other lenders on Friday reported divergence in their bad loans
Ease of Doing Business rankings: Rising through the ranks – The Financial Express
Targeting the World Bank rank is a very good guide on what governments should do to ease the business environment. It actually sets a template
Cross Border Insolvency Protocol fills a gap, but is not a comprehensive law – The Financial Express
By Sumant Batra The Insolvency and Bankruptcy Code has faced grave implementation challenges in the last three years. This is neither unexpected nor surprising. What
Rescuing IBC From Insolvency-Minhaz Merchant – BW Businessworld
One of the Narendra Modi government’s most important structural financial reforms, the Insolvency and Bankruptcy Code (IBC), legislated in December 2016, has been saved in the nick
Don’t read much into India’s march in the ease of doing business rankings – The Hindu BusinessLine
When it comes to genuinely addressing the pain points that its entrepreneurs undergo in their quest to set up and scale a business, India still
What happened to the two-year old NPA cases amounting to Rs 3.45 lakh crore?–Business Today
It has been more than two years since June 2017 when the RBI referred 12 cases that accounted for Rs 3.45 lakh crore of outstanding
Jet Airways’ only bidder Synergy Group has a default history–Business Today
Columbia’s Synergy Group, the only potential bidder for India’s iconic airline Jet Airways, and its founder German Efromovich have a credit default history, which has
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