Barring few cases, large haircuts of 70-90 per cent are continuing to hurt banks While the Centre’s decision to frontload capital infusion of Rs 70,000
Category: IBC-SEBI
***Insolvency: Mechanism to monitor resolution processes, performance of IPs in place – The Hindu BusinessLine
Electronic platform will be opened for filings from September 16 Insolvency regulator IBBI has put in place a mechanism to monitor corporate insolvency resolution processes
Govt plans debt waiver for ‘small distressed borrowers’ – The Hindu BusinessLine
Proposal will seek to alleviate situation of most distressed EWS borrowers The government plans to give debt waiver for “small distressed borrowers” under the insolvency
NCLAT orders liquidation of Amtek Auto – The Hindu BusinessLine
The National Company Law Appellate Tribunal (NCLAT) on Friday ordered liquidation of debt-ridden Amtek Auto as it declined lenders’ request for extension of insolvency resolution
Pro consumer: The SC’s IBC ruling gives homebuyers greater say, but may prolong realtors’ bankruptcy proceedings – The Hindu BusinessLine
Disagreements between homebuyers and other creditors at the negotiating table due to conflicting priorities may lead to a stalemate Homebuyers in over one lakh stalled
A tale of three developers — will the law catch up? – The Hindu BusinessLine
The travails faced by nearly 1 lakh home-buyers in the National Capital Region after signing up for housing projects with three leading developers — Unitech,
No place to call home – The Hindu BusinessLine
Home-buyers have lost their life savings to bogus projects. Can RERA make a difference? BusinessLine reports 1.74 lakh homes in 220 projects fully stalled in
NCLAT gives Marg’s promoter two weeks to clear dues, exit IBC – STATES – The Hindu BusinessLine
The National Company Law Appellate Tribunal (NCLAT) has allowed GRK Reddy, the promoter of Marg Ltd, a Chennai-based real estate and infrastructure company, to submit
Supreme Court upholds homebuyers’ rights in builder bankruptcies – The Hindu BusinessLine
The court ruled homebuyers rights will remain at par with lenders. Supreme Court upheld the ability of homebuyers to drag property developers into bankruptcy proceedings
Jet Airways lenders’ panel to meet on August 1 – The Hindu BusinessLine
The Resolution Professional (RP) appointed for the debt-strapped Jet Airways informed the stock exchanges on Tuesday that the second Committee of Creditors (CoC) meeting is
MCA defends IBC amendments, sticks to strict deadlines in Supreme Court | Business Standard News
The Ministry of Corporate Affairs (MCA) has defended all the amendments made to the Insolvency and Bankruptcy Code (IBC) in a submission made to the Supreme Court (SC). One
Sterling Biotech case: Appellate authority upholds IBC over PMLA | Business Standard News
In a ruling upholding the prevalence of the Insolvency and Bankruptcy Code (IBC) over the Prevention of Money Laundering Act (PMLA), the appellate authority of
Operational creditors trigger 50% of insolvency resolution process: IBBI | Business Standard News
Almost 50 per cent of corporate insolvency resolution process (CIRP) cases initiated against corporate debtors is by operational creditors, while financial creditors have initiated 40 per cent
Recent CoC decisions raise hopes for the return of errant promoters | Business Standard News
The commercial decision of banks and lenders, which are collectively termed committee of creditors (CoC) under the Insolvency and Bankruptcy Code (IBC), has always been a bone
NCLT okays merger of Monsanto India with Germany’s Bayer CropScience | Business Standard News
The National Company Law Tribunal (NCLT) on Friday approved the merger of biotech company Monsanto India Ltd with Bayer CropScience. In June 2018, German chemical and pharma
JSW Steel files appeal against NCLT order on Bhushan Power resolution plan | Business Standard News
The reliefs and concessions sought by JSW were part of the committee of creditors approved resolution plan JSW Steel has moved the National Company Law Appellate
ARC role in resolution may help pare NPAs to Rs 9.1 trn by March: Crisil | Business Standard News
The gross non-performing assets of the Indian Banking systems may decline to Rs 9.1 trillion by March 2020 from Rs 9.4 trillion a year ago, on increased
Forensic audits business expected to boom as RBI prepares new norms | Business Standard News
The current annual fee-pool is estimated to range between Rs 600 and Rs 1,000 crore Mark Twain said “a banker is a fellow who lends
NCLAT bars petroleum ministry from recovering Rs 2,245 crore from Videocon | Business Standard News
The National Company Law Appellate Tribunal (NCLAT) on Friday turned down a plea by the ministry of petroleum & natural gas seeking to recover nearly
NCLAT seeks Jet lenders’ response on Dutch insolvency administrator’s plea | Business Standard News
The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the Committee of Creditors (CoC) of Jet Airways if they would coordinate with a Dutch
