The Delhi High Court on Friday decided to examine the allegations, in a PIL by an NGO, of financial irregularities, siphoning of funds and other violations against
Category: IBC-SEBI
With no local partner, Jet resolution to get delayed – The Financial Express
By Anwesha Ganguly Any resolution plan for the bankrupt Jet Airways is likely to get delayed as the sole entity to have envinced interest, the
Delhi police slap FIR on Singh brothers over ₹723-cr loan from LVB – The Hindu BusinessLine
A ₹723-crore loan by Laxmi Vilas Bank (LVB) to the brothers Shivinder and Malvinder Singh, the erstwhile promoters of Ranbaxy and Fortis Group, is now
Insolvency And Bankruptcy Code Overrides Prevention Of Money Laundering Act – Government, Public Sector – India–Mondaq.com
“No attachment can be ordered under the Prevention of Money Laundering Act, 2002 with respect to the assets of the Coprorate Debtor undergoing insolvency process.”
***IL&FS Case: Supreme court restrains govt from acting against auditor BSR – The Financial Express
The Supreme Court on Thursday refused to allow the government to proceed against auditing company BSR & Associates LLP, a KPMG-affiliated firm, for alleged fraudulent
***Economic Offences Wing registers FIR against LVB directors on Religare Finvest’s complaint – The Hindu BusinessLine
Lakshmi Vilas Bank (LVB) has informed the exchanges that the Economic Offences Wing, Delhi, has registered a First Information Report (FIR) under complaint for offences
PMC Bank chairman Waryam Singh’s connection with HDIL runs deep | Business Standard News
S Waryam Singh, chairman of Punjab & Maharashtra Co-operative Bank (PMC Bank), held 1.91 per cent in real estate company Housing Development & Infrastructure (HDIL)
‘Govt to take up IBC amendment in Winter Session’ – MONEY & BANKING – The Hindu BusinessLine–
The Centre will, in the winter session of Parliament, look to bring amendments to the insolvency and bankruptcy code (IBC) so as to provide a
DHFL to meet lenders on September 25 to discuss resolution plan – The Hindu BusinessLine–
Dewan Housing Finance Corporation Ltd (DHFL) on Tuesday said it would be holding meetings with its lenders on September 25 and September 27 to discuss the
JSW Steel moves NCLAT for immunity from criminal cases against Bhushan Power and Steel – NEWS – The Hindu BusinessLine–
Seeks approval to retain profit made by the insolvent firm in last two years JSW Steel has filed a petition with the National Company Law
SC allows Amtek Auto RP to invite fresh bids – The Financial Express–
Debt-laden Amtek Auto received a shot in the arm with the Supreme Court on Tuesday allowing resolution professional and lenders to invite fresh bids for
Debt recovery: DHFL, lenders to meet as trustee plans to move DRT – The Financial Express–
By Mitali Salian & Chirag Madia Dewan Housing Finance Corporation, the stressed financier, and its lenders are set to meet on Wednesday to discuss the
How homebuyers managed to secure a landmark victory | delhi news | Hindustan Times–
On August 9, the Supreme Court delivered landmark judgment in the Insolvency & Bankruptcy Code (IBC) case reaffirming the rights of homebuyers which was challenged
NCLT directs insolvency proceedings against realty firm Three C Projects | real estate | Hindustan Times–
The National Company Law Tribunal (NCLT) has ordered start of insolvency proceedings against NCR-based realty firm Three C Projects Ltd and also appointed an Interim
Flat buyers get status of financial creditor. How it impacts you | real estate | Hindustan Times–
Last week, the Supreme Court (SC) ruled that the homebuyers’ rights will remain at par with the lenders. The apex court has upheld the ability
Bhushan Steel promoters illegally avail Rs 46,000 crore fund flow: SFIO probe–Business Today–
An investigation by the Serious Fraud Investigation Office (SFIO), the government agency that probes white-collar crimes, had revealed that ex-promoters of Bhushan Steel – Brij
Suzlon Energy may become another bankruptcy case- Business Today–
Creditors are believed to have said no to a 50 per cent haircut in their exposure in debt-ridden Suzlon Energy and may push the company
Thomas Cook Germany in rescue talks with investors–India Today
HIGHLIGHTS Thomas Cook’s German tour business filed for insolvency on Wednesday in a move aimed at separating its brands and operations from its failed parent,
NCLT asks Jet lenders to release lifeline funds within 15 days – The Economic Times–
The National Company Law Tribunal (NCLT) Wednesday directed the financial creditors of the grounded Jet AirwaysNSE -2.17 % to release some interim lifeline funds within 15 days.
NCLAT: NCLT decision to implead IL&FS auditors appears bad in law – The Financial Express–
The National Company Law Appellate Tribunal (NCLAT) on Wednesday observed that the NCLT Mumbai’s decision to implead IL&FS auditors as parties in the operational mismanagement
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