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
Category: IBC-SEBI
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
Sebi, industry officials seek common ground as differences on UPSI arise
https://www.business-standard.com/markets/news/insider-trading-sebi-compliance-officials-search-for-common-ground-on-upsi-123053000535_1.html Clipped from: https://www.business-standard.com/markets/news/insider-trading-sebi-compliance-officials-search-for-common-ground-on-upsi-123053000535_1.html Industry officials say linking non price-sensitive information with material events will bring compliance burden and confusion Listen to This Article India Inc
🙏हा अग्रलेख IBC 2016 या कायद्याबाबत व या कायद्याच्या अमलबजावणी बाबत आलेल्या अपयशाबद्दल आहे. मुळात बर्याच जणांचा या कायद्यामुळे वसुली होईल हा भ्रम आहे. मूळ हेतू तो नाहीच. अडचणीत आलेला व्यवसाय त्यातून बाहेर पडून परत रुळावर यावा हा उद्देश आहे. जर या दिशेने झालेले प्रयत्न अयशस्वी झाले तर liquidation चा मार्ग चोखाळला जावा –असा हा कायदा आहे परंतु जेव्हा liquidation चा पर्याय उपलब्ध होतो [ किंवा करून दिला जातो असे म्हणु हवे तर ] तेंव्हा फार उशीर झालेला असतो. Assets ची किंमत कमी होते [ केली जाते? ] व झालेली वसुली [ केलेली नव्हे –वसुली होणे व करणे या दोन्ही मध्ये फरक आहे] –म्हणुन कायदा वीक आहे असे म्हणणे योग्य नाही. जर योग्य तर्हेने हा कायदा राबवण्यात आपण यशस्वी झालो तर श्री अरुण जेटली म्हणाले त्याप्रमाणे कर्जावर पैसे घ्या म्हणुन बँकांच्या पाठीमागे लागतील. अजूनही पुष्कळ लिहिण्यासारखे आहे पण तूर्तास एव्हडेच पुरे.
हा कायदा भारतात 2016 साली अमलात आला पण अमेरिकेत 1980 सालापासून आहे. अतिशय efficiently अमलबजावणी चालू आहे. [2] आपल्याकडे हा कायदा राबवणारी यंत्रणा सक्षम नाही
👍👍👍👍👍👍👍Notice to Creditors before admitting IBC Section 10 Application is Not mandatory
Clipped from: https://taxguru.in/corporate-law/notice-creditors-admitting-ibc-section-10-application-mandatory.html In re Go Airlines (India) Limited (NCLT Delhi) Hon’ble National Company Law Tribunal (NCLT), Principal Bench, New Delhi in the matter of Go
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