The Chennai bench of the National Company Law Tribunal (NCLT) has ordered the corporate insolvency resolution process (CIRP) against Siva Industries and Holdings, a Siva
Category: IBC-SEBI
NPA mess: Urjit Patel slams RBI, government over pre-2014 role – The Financial Express
Former Reserve Bank of India (RBI) governor Urjit Patel, who remained tight-lipped during his tenure, has come down heavily on the government and regulators. In
NCLAT directs NCLT to decide on IBC plea against JP Associates in 6 weeks – The Economic Times
In its plea before the appellate tribunal, the bank had submitted that there has been no progress in its petition filed before the NCLT Allahabad
NCLAT reserves order on contempt plea against Anil Ambani – The Economic Times
The National Company Law Appellate Tribunal (NCLAT) on Wednesday reserved its order over admission of contempt petition filed against Reliance Group Chairman Anil Ambani and its other officials by
NCLAT clears ways for takeover of Essar Steel by ArcelorMittal – The Economic Times
The appellate bankruptcy court on Thursday approved ArcelorMittal’s Rs 42,000-crore offer for Essar SteelNSE 0.00 %, rejecting its former promoters’ claim that the Luxembourg-based steelmaker was
Economic Survey | Budget 2019: Resolution of twin balance sheet problem, bankruptcy law led to investment turnaround, says Economic Survey
Measures taken to reduce the twin balance sheet problem and the insolvency and bankruptcy code have led to an improvement in the investment climate within the economy,
Insolvency procedure benefits creditors, but concerns remain, say lenders | Business Standard News
Even as the implementation of the Insolvency & Bankruptcy Code has changed not only the economic scenario but also the outlook of both creditors and the debtors, there are
Promoters can take part in liquidation process if lenders okay IBC exit | Business Standard News
Promoters can take part in liquidation process once their companies are out of the purview of the Insolvency and Bankruptcy Code (IBC), a senior government
Justice Sudhansu Jyoti Mukhopadhaya: The man presiding over most of corporate insolvency cases – The Economic Times
One man presides over most, if not all, of the corporate insolvency resolution cases in the country ever since the Insolvency and Bankruptcy Code came into force
budget 2019: Budget 2019: Decoding Nirmala Sitharaman’s budgetary allocation for MSMEs – The Economic Times
Interest Subvention Scheme for Incremental Credit to MSMEs, whose revised estimates for FY 2018-19 stood at Rs 275 crore, has now been increased to Rs
MSMEs | Budget 2019: Ease of business to ease of living for India’s MSMEs
By Raman Sobti The budget speech of the Finance Minister presented earlier on Friday ushers in a new hope for the country’s MSME sector, currently
NCLT Mumbai asked to pass order on insolvency against Videocon companies in 3 weeks – The Economic Times
The National Company Law Appellate Tribunal (NCLAT) has directed the Mumbai bench of the NCLT to pass an order over the insolvency plea against 15 VideoconNSE 0.00 % group
Why resolution process is virtually impossible under the Insolvency and Bankruptcy Code – The Economic Times
On Dr Dadabhai Naoroji Road in Mumbai’s Fort business district, barely 300 metres from the National Company Law Tribunal (NCLT) courts in Mumbai, sits Kini House, the
NCLT stalls deregistration of Jet Aircraft – The Economic Times
NCLT had in June admitted a plea from Jet’s top lender State Bank of India on loan repayment defaults by the airline, and appointed Ashish
Rating companies: PwC exits put auditors, banks, rating cos in a fix – The Economic Times
Following PwC’s departure, all the companies concerned have replaced it with an Indian auditor, not a Big Four firm (Deloitte, KPMG, EY or PwC). The
Wilful defaults in India cross $21 billion in 2018-19 – The Financial Express
India’s state-owned banks had classified 1.50 trillion rupees ($21.76 billion) worth of loans as “wilful defaults” in 2018-19, with the biggest lender State Bank of
DHFL crisis: Bankers to sign inter-creditor agreement – The Economic Times
Large lenders to the debt laden DHFL group have agreed to sign an inter creditor agreement (ICA) on July 5 and consider a resolution plan
Cox and Kings: A bond default and stock slump: Where is Cox & Kings headed? – The Economic Times
ET Intelligence Group: The stock of Cox & Kings falling by 39 per cent over the past five trading sessions on its inability to pay
All you need to know about…shares with superior voting rights – The Hindu BusinessLine
After much debate on enabling shares with differential voting rights, the Securities and Exchange Board of India (SEBI) recently allowed listing of companies with shares
IL&FS case: Auditors have many questions to answer, says Corp Affairs Secy | Business Standard News
As the probe continues into the IL&FS case, a senior government official has said the group’s auditors have “many questions to answer” prima facie as
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