Category: IBC-SEBI

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

5 Jul 2019 Anil R Tikotekar

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

3 Jul 2019 Anil R Tikotekar

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

3 Jul 2019 Anil R Tikotekar

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

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