Since the corporate insolvency law – Insolvency and Bankruptcy Code (IBC) – came into existence in May 2016, the court has adjudicated liquidation of 486
Category: IBC-SEBI
Insurance Deposit limit | View: It’s time to revise the limit of deposit insurance cover–Economic Times
By Manas R Das The last time the deposit insurance coverage limit was revised was in May 1993, when a ‘bullet’ hike was effected from
Save the bankruptcy code | Business Standard Editorials
One of the few high-profile successes of the Insolvency and Bankruptcy Code (IBC) has been the sale of Bhushan Power & Steel Ltd (BPSL) to JSW Steel.
Banks baulk at Rs 4,000-cr loan to Patanjali for Ruchi Soya acquisition | Business Standard News
According to Patanjali’s plan, the banks would take a 65 per cent haircut on Ruchi Soya’s Rs 12,100-crore dues Bankers are jittery over Patanjali Ayurved’s
Insolvency Code progress report: Nearly 4 times as many cases in liquidation as in resolution – The Financial Express
The IBBI data also shows about 56.17 per cent of the CIRPs, which were closed, ended in liquidation, and only 14.93 per cent ended with
NPA ailment: Financial sector fragility persists – The Financial Express
These counters could keep the lid on NPAs, preventing a full-blown reversal of the cycle. Is the non-performing asset cycle beginning to reverse after a
NCLAT sets aside insolvency proceeding against Ambience, asks NCLT to decide afresh – The Economic Times
During the proceedings, counsel appearing for the real estate development company cited provisions of the Companies Act and NCLT Rules, 2016 in support of its
NCLAT stays sale of Orchid to Dhanuka – The Economic Times
The National Company Law Appellate Tribunal (NCLAT) has stayed the sale of Orchid Pharma to Dhanuka Laboratories, in the eleventh hour, as the scheme for acquisition was to
NCLAT stays formation of HDIL committee of creditors – The Economic Times
HDIL reported a 67% on-year decline in net profit in the quarter ended June 30, at Rs 8.24 crore. Total income fell 44% to Rs
NCLAT sets aside plea to initiate insolvency proceedings against Intex Technologies – The Economic Times
The NCLAT has dismissed a plea to initiate insolvency proceedings against smartphone and mobile accessories maker Intex TechnologiesNSE -0.31 % India Ltd by one of its creditors. A three-member
Not a solution | Business Standard Editorials [ Test for Independent Directors ]
Corporate governance has rarely been India’s strong point, and the recent past has reminded investors of this weakness with startling frequency. Especially noticeable is the failure
Govt owed Rs 5L crore to industry at FY19-end: Niti Aayog estimate – The Financial Express
The government wants to give a cash booster to Corporate India and small businesses to invigorate the investment cycle but the Centre itself and assorted
Opening bell for class-action suits | Business Standard Column
A steep sudden fall in share price can now trigger much more than uncomfortable investor calls for the management of a listed company. Recent moves
Ease of doing business: Creditable progress, but now comes the hard part | Business Standard Editorials
India has made creditable progress in the World Bank’s Ease of Doing Business (EoDB) rankings, clocking in at number 63 in 2019 from 77 in 2018, and
Online test for independent directors may be counterproductive, say experts | Business Standard News
Independent directors will soon have to return to the books to qualify for a seat on the board of companies. Come December, the government will
Gujarat NRE Coke former promoter to be ineligible to negotiate with creditors: NCLAT – The Economic Times
Allowing the appeal of Jindal Steel and PowerNSE 1.99 %, the National Company Law Appellate Tribunal (NCLAT) has held Arun Kumar Jagatramka, the former promotor of Gujarat NRE
ED swoop on BPSL has lenders wary of IBC route for debt resolution | Business Standard News
The attachment of Bhushan Power & Steel’s (BPSL’s) assets by the Enforcement Directorate (ED) has made lenders wary of taking the Insolvency and Bankruptcy Code
BPSL Assets: NCLAT asks ED, MCA to reach consensus on BPSL assets–Economic Times
The National Company Law Appellate Tribunal (NCLAT) on Friday asked the Enforcement Directorate and the Corporate Affairs Ministry to reach a consensus on the issue of attachment
What India needs to do to better ease of doing business score – The Economic Times
By Jaideep Mishra A perceptible improvement to India’s ranking in the World Bank’s ‘ease of doing business’ (EDB) index is welcome news. It provides scores
Welcome rise in Ease of Doing Business–Economic Times
It is impressive indeed that India’s rank in the World Bank’s Ease of Doing Business 2020 index has vaulted 14 places to 63rd among 190
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