https://www.business-standard.com/economy/news/centre-pushes-for-faster-admission-of-corporate-insolvency-cases-at-nclt-123081300452_1.html Benches of the National Company Law Tribunal (NCLT) should not get into questioning a company’s default once it is established by the creditors, particularly
Category: IBC-SEBI
Only 6 cases admitted under pre-pack insolvency resolution process for MSMEs since 2021
https://www.financialexpress.com/industry/sme/only-6-cases-admitted-under-pre-pack-insolvency-resolution-process-for-msmes-since-2021/3202707/ Shared by Financial Express android app. Click here to download https://financialexpress.page.link/fe_app
SEBI needs to pace its regulatory changes – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/sebi-needs-to-pace-its-regulatory-changes/article67124097.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sebi-needs-to-pace-its-regulatory-changes/article67124097.ece In the six-month period from February, SEBI has floated over three dozen consultation papers seeking to overhaul the ground-rules for market players
Delisting pangs: Sebi has to walk the tightrope on protecting the interests of investors as well as promoters | The Financial Express
https://www.financialexpress.com/opinion/delisting-pangs-sebi-has-to-walk-the-tightrope-on-protecting-the-interests-of-investors-as-well-as-promoters/3186818/ Clipped from: https://www.financialexpress.com/opinion/delisting-pangs-sebi-has-to-walk-the-tightrope-on-protecting-the-interests-of-investors-as-well-as-promoters/3186818/ Investors argued against these proposals, saying the reverse book building (RBB) process that allows discovery of price should not be abandoned, and
👍👍👍👍👍Unsecured lenders’ dues to be prioritised over govt’s: Supreme Court
https://www.business-standard.com/india-news/unsecured-lenders-dues-would-be-prioritised-over-government-dues-sc-123071800764_1.html Clipped from: https://www.business-standard.com/india-news/unsecured-lenders-dues-would-be-prioritised-over-government-dues-sc-123071800764_1.html IBC will override the provisions of the Electricity Act, 2003, says bench Supreme Court Listen to This Article The Supreme Court said
Can’t set aside decision to allot additional shares merely because promoters have also benefited : SC – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-laws/cant-set-aside-decision-to-allot-additional-shares-merely-because-promoters-have-also-benefited-sc/article67033617.ece Clipped from: https://www.thehindubusinessline.com/business-laws/cant-set-aside-decision-to-allot-additional-shares-merely-because-promoters-have-also-benefited-sc/article67033617.ece In the Ambika Food Products Pvt Ltd case, the Supreme Court recently held that the decision of the promoters to allot additional
Adani-Hindenburg row: SEBI rejects SC panel findings on FPI’s beneficial owners – The Hindu BusinessLine
https://www.thehindubusinessline.com/markets/stock-markets/adani-hindenburg-row-sebi-rejects-sc-panel-findings-on-fpis-beneficial-owners/article67064693.ece Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/adani-hindenburg-row-sebi-rejects-sc-panel-findings-on-fpis-beneficial-owners/article67064693.ece SEBI said there never was any requirement to disclose the last natural person above every person owning any economic interest in the
Wilful defaulters’ impact on IBC – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/columns/c-p-chandrasekhar/wilful-defaulters-impact-on-ibc/article67064978.ece Clipped from: https://www.thehindubusinessline.com/opinion/columns/c-p-chandrasekhar/wilful-defaulters-impact-on-ibc/article67064978.ece They stripped or ran down assets to a degree where the liquidation value was a fraction of the claims of banks The
Jet Airways’ lenders tell SC they spent ₹470 crore under CIRP with no returns – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/logistics/spent-470-crore-under-cirp-with-no-returns-jet-airways-lenders-tell-sc/article67045957.ece Clipped from: https://www.thehindubusinessline.com/economy/logistics/spent-470-crore-under-cirp-with-no-returns-jet-airways-lenders-tell-sc/article67045957.ece ‘Creditors facing monthly expenses of ₹23 crore at present’ The Committee of Creditors (CoC) of Jet Airways, a grounded airline, informed the Supreme
Doing away with permanent directors, the right step – The Hindu BusinessLine
https://www.thehindubusinessline.com/opinion/editorial/doing-away-with-permanent-directors-the-right-step/article66986886.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/doing-away-with-permanent-directors-the-right-step/article66986886.ece This move will improve corporate governance in listed companies The issue of some companies giving promoters a permanent seat on the Board
Tailored framework for real estate insolvency resolution – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-laws/tailored-framework-for-real-estate-insolvency-resolution/article66975997.ece Clipped from: https://www.thehindubusinessline.com/business-laws/tailored-framework-for-real-estate-insolvency-resolution/article66975997.ece A specialised resolution framework to address the complexities of the sector can ease up the process Due to rising costs and pandemic-induced
CIRP can be initiated against corporate guarantors – The Hindu BusinessLine
https://www.thehindubusinessline.com/business-laws/cirp-can-be-initiated-against-corporate-guarantors/article66980117.ece Clipped from: https://www.thehindubusinessline.com/business-laws/cirp-can-be-initiated-against-corporate-guarantors/article66980117.ece Insolvency proceedings can be initiated against corporate guarantors, NCLT, Chennai, said in the Coastal Energen insolvency case. Logistics Private was the guarantor
MCA calls for Insolvency Professionals with high integrity and credibility to strengthen IBC – The Hindu BusinessLine
https://www.thehindubusinessline.com/economy/mca-calls-for-insolvency-professionals-with-high-integrity-and-credibility-to-strengthen-ibc/article66979348.ece Clipped from: https://www.thehindubusinessline.com/economy/mca-calls-for-insolvency-professionals-with-high-integrity-and-credibility-to-strengthen-ibc/article66979348.ece IIIPI sets up committee to proactively strengthen IPs to cope with challenges Insolvency Professionals (IPs) of the highest integrity and credibility are
👍👍👍👍👍Email cannot be viewed as acknowledgment of liability by Corporate Debtor hence cannot help in extending limitation period
Read more at: https://taxguru.in/corporate-law/email-viewed-acknowledgment-liability-corporate-debtor-extending-limitation-period.htmlCopyright © Taxguru.in https://taxguru.in/corporate-law/email-viewed-acknowledgment-liability-corporate-debtor-extending-limitation-period.html Clipped from: https://taxguru.in/corporate-law/email-viewed-acknowledgment-liability-corporate-debtor-extending-limitation-period.html G.L. Shoes Vs Action Udhyog Private Limited (NCLAT Delhi) NCLAT Delhi held that the email of 05.05.2017
👍Work underway on non-IBC resolution formats
Updated – June 06, 2023 at 09:42 PM. | Mumbai https://www.thehindubusinessline.com/money-and-banking/work-underway-on-non-ibc-resolution-formats/article66937741.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/work-underway-on-non-ibc-resolution-formats/article66937741.ece Recognition and provision for stress seems to be the contentious issue The much
👍Why IBC is less bankable for the resolution professionals
https://www.business-standard.com/companies/news/ibc-business-getting-less-lucrative-for-the-resolution-professionals-123060600816_1.html Clipped from: https://www.business-standard.com/companies/news/ibc-business-getting-less-lucrative-for-the-resolution-professionals-123060600816_1.html Increasingly, firms are now outsourcing many of these services and using the company employees instead of getting outsiders Listen to This Article
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