Even as the banking sector was trying to come to terms with the various schemes introduced by the RBI to force them to recognize bad
Category: IBC-SEBI
Empee Distilleries receives four resolution plans; CoC to decide, says RP | Business Standard News
Four companies have shown interest in reviving Empee Distilleries, which is currently under Corporate Insolvency Resolution Process (CIRP) for not paying over Rs 300 crore dues to
Government moves NCLAT against NCLT orders directing probe into companies’ affairs by SFIO – The Financial Express
The SFIO contended the NCLT does not have the jurisdiction to direct an investigation into the affairs under the provisions of the Companies Act. The
IBC Amendment 2019: Why landmark legislation failed to rescue MSMEs from vicious cycle of indebtedness – The Financial Express
By R Narayan Ease of Doing Business for MSMEs: Touted as landmark legislation in heralding a massive transformation in the recovery and resolution process, the Insolvency
NCLAT sets aside NCLT June order rejecting SBI plea against Rohit Ferro – The Financial Express
In its order, the NCLT, however, accepted the fact that there was a default and debts are payable by Rohit Ferro to the state-run lender.
Jet Airways’ resolution professional, dutch administrator, agree to cooperate in insolvency – The Financial Express
NCLAT was hearing a petition filed by the Dutch Court Administrator against the order of the Mumbai bench of the National Company Law Tribunal (NCLT),
How companies undergoing insolvency resolution face hardships due to probable clash of GST with IBC – The Financial Express
By Rajat Mohan The introduction of GST has been described as India’s biggest tax reform, and the Insolvency and Bankruptcy Code (IBC) is a landmark
JSW Steel says can’t implement BPSL resolution plan – The Financial Express
The CBI had on April 5 registered an FIR against the erstwhile directors and the debt-ridden firm for alleged siphoning of thousands of crores of
Dissenting financial creditor should not be discriminated: NCLAT – The Financial Express
The National Company Law Appellate Tribunal (NCLAT) rejected the submissions of that Section 30 (2) (b) (ii) of IBC, which allows to treat dissenting financial
JSW Steel moves NCLAT over Bhushan Power & Steel assets – The Financial Express
The two-member NCLAT bench, headed by its chairperson justice S J Mukhopadhaya, has scheduled the matter for hearing on September 16. JSW Steel on Friday
NCLT admits Axis plea against Lanco arm – The Financial Express
LAPL, one of the coal-fired thermal subsidiaries of debt-laden Lanco Infratech, is located in Chhattisgarh and has an operational capacity of 600 MW. The Hyderabad
IBC Amendment 2019: Why landmark legislation failed to rescue MSMEs from vicious cycle of indebtedness – The Financial Express
By R Narayan Ease of Doing Business for MSMEs: Touted as landmark legislation in heralding a massive transformation in the recovery and resolution process, the Insolvency
A special fund to finish NPA projects–Economic Times
It is welcome that the government keeps up the momentum of its efforts to shore up flagging growth, in a situation where sentiments matter at
Don’t kill golden goose in IBC–Economic Times
The National Company Law Appellate Tribunal has erred in setting aside a lower court’s order to liquidate debt-ridden Sterling Biotech, allowing its promoters to take
Debt Distress 2.0: Total stressed assets now exceed gross NPA peaks of 2018 – The Economic Times
The role of the RBI as well as the government will become key as the nature of India’s NPA problem has undergone a change over
IBC: Bankrupt companies take indirect tax department to court over GST software not being in sync with IBC
Several companies in administration have dragged the indirect tax department to court over the Goods and Services Tax (GST) software, which they say doesn’t give them the
Reliance Communications subsidiary files for bankruptcy protection without prior consent – The Economic Times
Debt-ridden telecom firm Reliance CommunicationsNSE -5.88 % on Wednesday said its subsidiary GCX filed for bankruptcy protection in the US without any prior consent of the company. The B2B
Provident fund | Govt plans to amend EPF: Allow switch from EPS to NPS, protect PF dues in case of bankruptcy–Economic Times
The government has prepared a draft bill proposing major amendments in the Employees’ Provident Fund (EPF) and Employees’ Pension Scheme (EPS). As per the draft bill, EPF members will
RCom subsidiary files for bankruptcy in US – The Economic Times
Global Cloud Xchange (GCX), subsidiary of Reliance CommunicationsNSE -5.88 % (RCom), has filed for bankruptcy protection in a US court, after missing payments on $350 million of 7%
Lanco Amarkantak: NCLT okays start of Lanco Amarkantak bankruptcy process – The Economic Times
The National Company Law Tribunal has allowed Axis BankNSE 6.60 % to start bankruptcy proceedings against Lanco Amarkantak Power after it defaulted on a .`960 crore loan, court documents
aniltikotekar4sme.com 