India is planning to have a comprehensive online marketplace for stressed assets where potential investors, both domestic and foreign, will be able to not just
Category: IBC-SEBI
IBC amendment mandatory to ring-fence stressed assets from investigating agencies – MONEY & BANKING – The Hindu BusinessLine
Though the recent NCLAT order staying the Enforcement Directorate attachment of Bhushan Power and Steel asset would provide some comfort for winning bidders of other
Visa Infrastructure case: ‘Divided’ NCLAT leaves SBI’s application in limbo – POLITICS – The Hindu BusinessLine
Third judge to decide on bank’s pleato initiate insolvency proceedingsagainst the corporate debtor While there are numerous issues cropping up under IBC — undue delays
In spite of NCLT nod, litigations are cropping up: JSW chief – NEWS – The Hindu BusinessLine
JSW Steel’s move on fresh capacity addition with huge investments comes at a time when steel demand in the country has plunged and the economy
After Edelweiss AMC, Kotak, Axis MFs too move Bombay High Court against DHFL – The Economic Times
Kotak Mahindra Asset Management and Axis Asset Management on Thursday moved the Bombay High Court seeking a direction to the crippled mortgage lender DHFLNSE 1.24 % to disclose all
IL&FS case: Auditors have many questions to answer, says Corp Affairs Secy | Business Standard News
As the probe continues into the IL&FS case, a senior government official has said the group’s auditors have “many questions to answer” prima facie as
Expand adjudication regime for IBC–Economic Times
The Insolvency and Bankruptcy Code (IBC) is a key structural reform meant to swiftly resolve corporate distress and redeploy the resources locked up in the
SBI chief to ED/CBI:Keep off companies under IBC, go after promoters – The Economic Times
State Bank chairman Rajnish Kumar on Tuesday said the Enforcement Directorate and other central law enforcement agencies should restrict to attaching personal assets while investigating
Independent Director resignations surge; why there are few takers for this lucrative job – The Financial Express
Independent directors do not have equal chances to discover the frauds, but ironically they are sent notices, hurting their reputation and taking up a lot
Insolvency Law Committee plans to meet on October 15 to discuss new reforms for IBC – The Hindu BusinessLine
The new resolution mechanism for finance companies may apply only to limited set of entities. Deposit taking and systemically important NBFCs may be kept out
Sound thoughts on mortgage securitisation–Economic Times
A recent expert committee report of the Reserve Bank of India (RBI) has, rightly, called for prompt development of securitisation of housing loans for overall
Insolvency Law Committee plans to meet on October 15 to discuss new reforms for IBC – The Hindu BusinessLine
The new resolution mechanism for finance companies may apply only to limited set of entities. Deposit taking and systemically important NBFCs may be kept out
New group insolvency framework in the works – The Economic Times
The working group noted that creditors tend to treat group entities as a single economic entity even when they were lending to distinct entities. A
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
Formula on cards to distribute insolvency funds: Corporate Affairs Secy | Business Standard News
In the past three years since the IBC was introduced, 21,000 cases have come for resolution, of which 10,000 have been settled according to government
Group insolvency resolution: UK Sinha-led panel recommends phased implementation of framework – The Hindu BusinessLine
The UK Sinha-led Working Group on Group Insolvency has called for a legal framework to facilitate insolvency resolution and liquidation of companies belonging to a
Bankruptcy should write off all equity–Economic Times
Two retail investors of bankrupt textile firm Alok Industries have reportedly petitioned the National Company Law Appellate Tribunal (NCLAT) opposing its new owner Reliance Industries’
Online auction of assets in IBC resolution–Economic Times
The government’s reported plan to institute an online financial bidding process for the resolution of companies admitted in insolvency courts makes eminent sense. However, instead
From criminal cases to commercial suits, here’re the key court orders | Business Standard Column
Commercial court isn’t for every dispute Disputes involving high-value transactions cannot be dressed up as commercial suits and taken to commercial courts for speedy disposal.
Insolvency Law Committee plans to meet on October 15 to discuss new reforms for IBC – The Hindu BusinessLine
The new resolution mechanism for finance companies may apply only to limited set of entities. Deposit taking and systemically important NBFCs may be kept out
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