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
Category: IBC-SEBI
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
Over half the SME universe in the red: Here’re the top losers since 2012 | Business Standard News
One in every two small and medium enterprises (SMEs) listed on the SME platform of exchanges since 2012 is trading in the red. On Thursday, the BSE
Jet Airways Employee Consortium, AdiGroup to bid for 75 per cent of airline – The Economic Times
In a first-of-its-kind initiative, a Jet AirwaysNSE -3.32 % Employee Consortium and AdiGroup Friday announced a partnership to bid for 75 per cent of the airline through the NCLT
MSME: Due to anomalies in IBC, corporate NPAs can lead to bankruptcy in MSMEs: FISME
“MSME should be accorded special rights of recovering full payments due against the companies facing CIRP or Liquidation under MSMED Act,” he said. According to
NCLAT asks Amtek Auto lenders to consider bids of Deccan Value Investors – The Economic Times
The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the lenders of Amtek Auto to consider the resolution plans submitted by Deccan Value Investors (DVI) along
Cox & Kings defaults on payments of Rs 150 crore – The Economic Times
Travel and tour company Cox & Kings Thursday said it has defaulted on the payment of commercial papers due to cash flow mismatch and a situation exacerbated
What are NPAs? Here’s how bad loans can affect a bank’s finances – The Economic Times
A non-performing asset (NPA) is a banking industry term for a ‘bad loan’ – i.e. one that has not been repaid within the stipulated time,
Awaiting refund of cancelled Jet flight? You are unlikely to get it soon | Business Standard News
If you have initiated a refund against your Jet Airways flight, you are unlikely to get it anytime soon. As the beleaguered airline ran out of funds,
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
SC verdict in Sebi-NCLT legal tussle will set a precedent, say experts | Business Standard News
The Supreme Court’s verdict in the case filed by market regulator Securities and Exchange Board of India (Sebi) against an order by the National Company Law
Jet pilots, engineers, Dutch vendors want to be parties to bankruptcy case | Business Standard News
The pilots and engineers unions of Jet Airways and two Dutch logistics vendors to the grounded airline Wednesday moved the NCLT seeking them to be made parties to the
Repairing NBFCs | Business Standard Editorials
Recently released data from the Finance Industry Development Council (FIDC) delineates the extent of the slowdown in the non-banking finance companies (NBFC). According to the
Stressed steel assets may see lower recovery rates in round 2 of resolutions – The Hindu BusinessLine
Even though recovery rates from stressed assets in the steel sector have been higher till now, the same is expected to dip in the next
Banks’ gross NPAs to shrink to 8% by March 2020 – The Financial Express
Gross NPAs within the banking system hit a peak of 11.5% in March 2018 and stood at 9.3% in March 2019. Reduction in fresh accretions
NCLAT dismisses customs dept plea to auction goods of a firm under moratorium period – The Financial Express
Upholding the orders of the Kolkata bench of the National Company Law Tribunal (NCLT), the appellate tribunal said that after order of ‘moratorium’ is passed
SBI reveals real reason to drag Jet Airways to NCLT – The Financial Express
State-run SBI Friday said Etihad Airways had sought waiver of open offer and assurance of flying slots for take over of Jet Airways, but the
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