Banks have reportedly been forced to put bad loans worth Rs 40,000 crore on sale in the first half of FY20 following delays in the
Category: IBC-SEBI
McDonald’s case: NCLAT asks Vikram Bakshi to deposit Rs 5 cr for permission to travel abroad – The Financial Express
In September, NCLAT had said it will review the settlement between fast food major McDonald’s and its Indian partner Vikram Bakshi over the sale of
KPMG forensic audit finds fund diversion from DHFL to promoter-led entities | Business Standard News
A forensic audit conducted by KPMG on Dewan Housing Finance (DHFL) has confirmed siphoning of funds from the beleaguered non-banking financial company (NBFC) to a host of
M&A deals set to surge further as founders face cash squeeze, says Axis Capital – The Hindu BusinessLine
The financing squeeze has already taken a toll on the country’s economic expansion, which in turn erodes borrowers’ capability to repay further Deal volumes in
Former SEBI chairman UK Sinha’s recommendations for group insolvency – The Hindu BusinessLine
While the UK Sinha-led working group has made some sound recommendations, how these are implemented will be critical Globally, the business of corporations is increasingly
IBC: Getting your dues: Procedure for creditors to file under IBC – The Economic Times
By Abhay Chandalia Micro, Small and Medium Enterprises (MSME) have a duel battle to fight. One is growing competition and the other is growing requirement
IBC: SC upholds homebuyers’ rights as financial creditors – The Economic Times
The Supreme Court upheld changes to the Insolvency and Bankruptcy Code (IBC) that allows homebuyers to initiate proceedings under the law against real estate developers in case they default on debt
Here’s What You Need to Know About IBC, That You Are Not Aware of–Entrepreneur.com
Opinions expressed by Entrepreneur contributors are their own. You’re reading Entrepreneur India, an international franchise of Entrepreneur Media. The Insolvency and Bankruptcy Code, 2016 was enacted with
The promoter pledge: Regulators must join hands to check misuse | Business Standard Editorials
India’s financial and equity-market regulators are reportedly working in concert to review and tighten the framework for pledging shares. Tighter oversight and regulation of this common practice,
Mutual fund securitisation deals: Mutual funds object to securitisation deals by DHFL–Economic Times
Negotiations on the Dewan Housing Finance Corp. Ltd (DHFL) debt resolution plan seem to have hit a roadblock. Mutual funds have objected to securitisation deals undertaken by DHFLNSE
SBI to conduct e-auction of 11 accounts to recover dues of Rs 467 crore – The Economic Times
The State Bank of India (SBI) will conduct an e-auction of 11 bad loan accounts on November 7 to recover dues of Rs 466.49 crore. In terms
FRDI Bill should focus on speedy resolution of stressed financial firms | Business Standard Column
The vacuum in the dispute resolution regulatory environment is being felt as policymakers and regulators grapple with the stress in the cooperative banking system in
From land acquisition to canal project case, here’re the key court orders | Business Standard Column
Builders in the dock over land acquisition The Supreme Court last week prevented the attempt of builders who buy land cheap from farmers after the
Uncertainity of one case does not reflect true efficiency of IBC: FM | Business Standard News
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 Bankruptcy Code. Sitharaman
The IBC process should not be derailed by past promoters’ sins – The Hindu BusinessLine
The National Company Law Appellate Tribunal (NCLAT) must be commended for taking a stand against the Enforcement Directorate’s (ED) attempts to attach properties of Bhushan
DHFL exposure: RBI rejects banks’ ‘Trust’ proposal – The Economic Times
There is an impasse over the resolution plan for the mortgage lender as several mutual funds are refusing to sign the intercreditor agreement. The Reserve Bank
DHFL crisis: SBI, BoB, UBI to move HC seeking rights to pool repayments – The Financial Express
Three public sector banks (PSBs) may soon move the Bombay High Court (HC) for a clarification on the moratorium on repayments by Dewan Housing Finance
Companies under NCLT asked to inform about export liabilities – The Economic Times
Companies that are under the adjudication proceedings before the NCLT have been directed to inform the Directorate GeneralNSE -4.75 % of Foreign Trade (DGFT) about their outstanding
Aayas Trade Services: Mantri creditor Aayas Trade moves NCLT against realtor
A creditor of beleaguered city-based realtor Mantri has approached the National Company Law Tribunal (NCLT) to start insolvency proceedings against the developer for its failure to develop
Government mulls raising Rs 1 lakh default threshold for invoking IBC: Srinivas – The Economic Times
The government is examining suggestion to raise threshold of Rs 1 lakh default to invoke the Insolvency and Bankruptcy Code (IBC) to reduce number of cases in
aniltikotekar4sme.com 