The Government on Tuesday said that personal insolvency regime would be fully operational in India in one year from now. Debt recovery tribunals (DRTs) in
Category: IBC-SEBI
In a first, bankrupt Reliance Communications AGM to be chaired by resolution professional on Monday – The Financial Express
According to RCom’s admission, financial creditors have made claims worth Rs 57,382 crore from RCom and its two subsidiaries as of June 16. In what
NCLAT decision on Jet’s CoC meetings a welcome signal to foreign investors | Business Standard Column
The National Company Law Appellate Tribunal’s (NCLAT) decision to allow a Dutch court administrator to participate in the Jet Airways’ committee of creditors (CoC)’s meetings
Insolvency Professionals may require a ‘certificate of practice’ – The Hindu BusinessLine
Regulator proposes changes to IP regulations Insolvency professionals (IP) may soon have to obtain a ‘certificate of practice’ (CoP) to be able to work as
National Company Law Tribunal: NCLT Orders Insolvency Proceedings against Lokhandwala Infra – The Economic Times
The dedicated bankruptcy court, the National Company Law Tribunal (NCLT), ordered that insolvency proceedings be started against Mumbai-based real estate developer Lokhandwala Infrastructure under Section 7 of the Insolvency
Plea for probe into alleged funds misappropriation by Indiabulls; HC asks Centre, RBI to reply – The Economic Times
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
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
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