Category: IBC-SEBI

The Insolvency and Bankruptcy Code (IBC) should be amended to permit only financial creditors (read banks) to initiate bankruptcy proceedings against corporate debtors. Neither an

The resolution of stressed financial firms is a key bottleneck in economic policy today. Such resolution is no different from that of non-financial firms when

According to him, innovative ways need to be looked at to ensure that homebuyers do not abuse the insolvency resolution framework. The government is looking

The National Company Law Appellate Tribunal (NCLAT) has set aside an order of the Mumbai NCLT admitting a plea filed by bentonite and bauxite exporter

Central Bank of India one of the lender of offshore drilling contractor Aban Offshore, has withdrawn their insolvency application against the company. The National Company Law Tribunal (NCLT)

In a first instance of a state-run company acquiring a stressed asset under the insolvency and bankruptcy code, NHPC on Friday signed an agreement to

As many as 421 real estate developers entered bankruptcy court by the end of June The number of Indian real estate companies tipped into insolvency

A group of aggrieved homebuyers of the scam-hit realty developer HDILNSE -4.11 % have written to Prime Minister Narendra Modi seeking his intervention to resolve their distress. The Whispering Towers Flat

A real estate developer has moved the Uttar Pradesh Real Estate Regulatory Authority (UP-Rera) against buyers for not taking delivery of their homes, making it

The government has roped in Grant Thornton to carry out forensic investigations into the fraud hit Punjab and Maharashtra Cooperative (PMC) Bank, said four persons with direct

Deloitte Haskins and Sells, an auditing network firm of Deloitte India, on Thursday challenged the constitutional validity of National Company Law Tribunal’s (NCLT) power to sack

The suspended managing director of PMC Bank, Joy Thomas, has blamed the auditors for the mess at the bank, accusing them of only “superficially auditing”

The IL&FS board is targeting to achieve resolution for significant quantum of addressable debt by March 2020, the presentation said. A year after the crisis

The government needs to look at innovative ways, including minimum thresholds, to ensure that the insolvency resolution framework is not abused by homebuyers, a senior official

One of the first players to successfully acquire a stressed asset under the country’s historic bankruptcy law, Tata SteelNSE -2.48 %‘s CFO Koushik Chatterjee said that due diligence