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
Category: IBC-SEBI
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
How IBC helped improve India’s ease of doing business rankings–Business Today
Before IBC, the recovery (of debt) rate was around 26% and the time taken for closure of the case was over four years. IBC has
No need to escalate one case to reflect everything to do with IBC: Sitharaman–Business Today
Finance Minister Nirmala Sitharaman has said that uncertainty arising out of one case should not be generalised about the efficiency and effectiveness of Insolvency and
ED may move Supreme Court against NCLAT order on Bhushan Power’s attached properties–Business Today
The Enforcement Directorate (ED) has sought legal opinion to challenge in the Supreme Court the National Company Law Appellate Tribunal (NCLAT)’s order asking it to
Group insolvency law: A first look at what it may entail–Business Today
A working group of experts have come out with a report on the group insolvency law. In what could be the first glimpse of the
IBC Code: Are speculative homebuyers misusing insolvency law?–Business Today
Are unscrupulous or speculative homebuyers trying to disrupt otherwise well-run real estate companies? Are homebuyers who have an axe to grind misusing the insolvency and
Gehlot writes to PM, seeks amendments in bankruptcy law to protect state enterprises–Business Today
Rajasthan Chief Minister Ashok Gehlot has written a letter to Prime Minister Narendra Modi asking him to safeguard the assets of state government and interests
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