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)
Category: IBC-SEBI
‘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
NCLAT dismisses Srrei Multiple Asset Investment Trust’s appeal – The Financial Express–??
The National Company Law Appellate Tribunal (NCLAT) has dismissed Srei Multiple Asset Investment Trust (SMAIT)’s appeal that challenged the May 14 order of the Cuttack
Supreme Court sets aside NCLT order on insolvency against La-Fin Financial Services – The Financial Express–??
A Bench led by Justice RF Nariman, while quashing the orders of both NCLT, Mumbai, and the NCLAT, rejected the IL&FS stand that its suit
Govt to soon unveil norms to protect winning bidders in IBC cases | Business Standard News–
The government will soon come up with detailed guidelines for regulators and tax authorities to protect the winning bidders in Insolvency and Bankruptcy Code (IBC) cases against
When the regulator is the violator | Business Standard Column–
The Securities Appellate Tribunal has ruled that a minor cannot be held liable for not making an open offer under the takeover regulations. This is not a
UK launches biggest peacetime operation after Thomas Cook collapse – India Today
The UK government on Monday launched Operation Matterhorn, its biggest peacetime repatriation in British history, after the collapse of tour giant Thomas Cook that left
***IBBI seeks to penalise ‘flippant’ bidders to prevent fraud at bankrupt companies – The Economic Times–
The Insolvency and Bankruptcy Board of India (IBBI) is seeking to penalise ‘flippant’ bidders and managers of stressed assets to help quicken the recovery of banking funds
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