The fear that at Dewan Housing Finance Corporation (DHFL) may spill over to other non-banking finance companies (NBFC) has pushed the government to introduce fresh rules and regulations
Category: IBC-SEBI
Confidence in financial sector at stake | Business Standard Column
The crisis of confidence in the Indian financial sector seems to be quite serious. The Infrastructure Leasing and Financial Services, Dewan Housing Finance, and more
One-time restructuring should be allowed for some loans: HDFC chairman | Business Standard News
Housing Development Finance Corporation’s (HDFC) Chairman, Deepak Parekh, has urged regulators to allow one-time restructuring of certain real estate projects — particularly for stuck projects
Lack of ICA to hit PMC Bank’s HDIL exposure | Business Standard News
PMC Bank’s woes might worsen as urban co-operative banks have not been made part of inter-creditor agreements (ICA). This raises a big question mark on
Only 15% of the cases resolved under bankruptcy laws: Report – The Economic Times
During the second quarter of FY’20, 27 cases yielded a resolution plan, with expected realisation of Rs. 27,065 crores to the financial creditors. Ratings firm IcraNSE
Real Estate sector | Nirmala Sitharaman: Now, FM hints at booster dose for realty sector–Economic Times
“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
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
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