The National Company Law Appellate Tribunal (NCLAT) has asked the NCLT to decide over an insolvency plea filed against leading real estate firm Raheja Developers by one of its operational creditors.
Category: IBC-SEBI
Insolvency and Bankruptcy Code: IBC: Mediation, not bankruptcy, to be key in individual cases – The Economic Times
The government is expected to bring in amendments to the Insolvency and Bankruptcy Code (IBC) in individual and crossborder cases, seeking to ensure strict implementation of resolution plans
videocon: Delays in results due to insolvency proceedings: Videocon – The Economic Times
VideoconNSE -3.13 % Industries said on Monday it is unable to publish its financial results for the quarter ended June 30 due to the ongoing consolidation
SBI profit falls below expectations, Kumar invokes the gods – The Economic Times
State Bank of IndiaNSE 10.09 % (SBI) swung to a profit from a year-ago loss but fell short of expectations, prompting chairman Rajnish Kumar to invoke
SC orders status quo for 2 weeks on Jaypee Group plea against NCLAT order – The Economic Times
The Supreme Court on Friday ordered status quo for two weeks on Jaypee Group‘s plea against NCLAT order which allowed fresh bidding for debt-laden Jaypee InfratechNSE -3.85 %. A bench of
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
IBBI tightens norms for insolvency resolution professionals – The Economic Times
n a significant move, the Insolvency and Bankruptcy Board of India (IBBI) has tightened norms governing resolution professionals wherein restrictions will also be in place for their
Bankruptcy law: View: India’s proposals to amend bankruptcy law are bold and necessary—Economic Times
by Andy Mukherjee At last, India’s in-court bankruptcies will show some urgency and common sense. On Wednesday, the government said it would amend the 2016 insolvency law,
Business failures should not be looked down upon: Nirmala Sitharaman – The Economic Times
Reacting to the death of Cafe Coffee Day founder V G Siddhartha, Finance Minister Nirmala Sitharaman on Thursday said business failures in the country should not be tabooed, or looked
ET View: Welcome tweaks in the bankruptcy code – The Economic Times
The IBC is a transformational reform, which sends a message to large borrowers they cannot turn the other way when they do not repay their
National Company Law Tribunal: NCLAT dismisses HDFC’s insolvency plea against RHC Holding – The Economic Times
The National Company Law Appellate Tribunal (NCLAT) Wednesday dismissed a petition by HDFC to initiate insolvency proceedings against RHC Holding, an entity promoted by billionaire brothers Malvinder Mohan Singh and
JSW Steel seeks immunity from litigation against Bhushan Power – The Economic Times
JSW Steel has sought immunity from future litigations against Bhushan Power & Steel for any illegal activity under the previous management amid reports of alleged
3 of the 7 IBC amendments credit positive for banks: Report – The Economic Times
The report said the NCLAT ruling could have had material implications for recoveries by banks, pointing out that Essar is the largest NPA being tackled
Essar insolvency case: SC orders status quo in Essar insolvency case–Economic Times
The Supreme Court on Monday ordered that status quo be maintained for now on the proposed sale of ailing Essar SteelNSE 0.00 % to Arcelor-Mittal till the court examined
Jet Airways: Dutch bankruptcy administrator moves NCLAT on Jet Airways matter–Economic Times
Dutch bankruptcy administrator Friday moved the National company Law Appellate Tribunal (NCLAT) on the Jet AirwaysNSE -4.01 % matter, which has agreed to hear the case here. A three-member NCLAT
NCLT gives Hotel Leelaventure two months to comply with new Sebi directives – The Economic Times
Hotel Leelaventure Thursday got two months time from NCLT to comply with the latest Sebi directives asking the hospitality company to make additional disclosures to shareholders to proceed with its
Companies Bill aims to cut NCLT load, tighten CSR compliance – The Economic Times
The government introduced the Companies (Amendment) Bill, 2019, in the Lok Sabha on Thursday, which seeks to tighten corporate social responsibility compliance and reduce the load of
Will pay creditors entire outstanding amount; complete pending projects in 3 years: Jaypee Infra – The Economic Times
Promoters of debt-ridden Jaypee Infratech on Monday proposed before the NCLAT that they will pay creditors entire outstanding amount without any hair cut and complete pending projects within three
ministry of corporate affairs: NCLT allows the Ministry of Corporate Affairs plea to implead 22 more parties – The Economic Times
The Mumbai bench of the National Company Law Tribunal (NCLT) has allowed the petition of the Ministry of Corporate Affairs (MCA) to implead 22 more parties as accused in
IL&FS gets approval for sale of wind projects to Orix Corp – The Economic Times
Cash strapped Infrastructure Leasing and Financial Services (IL&FS) Monday said it has received approval from NCLAT appointed Justice (Retd) D K Jain for the proposed
aniltikotekar4sme.com 