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
Category: IBC-SEBI
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
Budget 2019: Modi govt must synchronize IBC with other allied laws – The Financial Express
By- SR Patnaik and Bipluv Jhingan In the past few years, the Indian banking and financial systems have been under immense pressure arising from the
Budget 2019: Acquirers of insolvent firms may get tax relief – The Financial Express
Union Budget 2019 India: While an effort is on to introduce the change in the Budget, it might materialise a few weeks after it also,
Taxman can share data on assets of loan defaulters with PSBs, says CBDT – The Hindu BusinessLine
Tax officials can now share data with public sector banks to help them recover dues from loan defaulters. The Central Board of Direct Taxes (CBDT)
Taxman can share data on assets of loan defaulters with PSBs, says CBDT – The Hindu BusinessLine
Tax officials can now share data with public sector banks to help them recover dues from loan defaulters. The Central Board of Direct Taxes (CBDT)
‘Urgent need for judicial reforms in the country’ – The Hindu BusinessLine
Judiciary should understand the economic importance of a judgment: Sunil Kanoria According to The Central government should push judicial reforms – both in terms of
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
Jet Airways share price: The high-flier whose stock never flew! How Jet ruined retail investors & HNIs – The Economic Times
The stock traded in double digits for the first time on June 13 and hit an all-time low of Rs 29.05 on Wednesday, June 19.
Haircuts for operational creditors in line with that for financial creditors – The Economic Times
Haircuts for operational creditors have been in line with that for the financial creditors. As per ICRANSE -0.47 % estimates, operational creditors would realise about 42% of
Govt appoints 30 new judges in NCLT courts across India – The Economic Times
The ministry of corporate affairs (MCA) has appointed 30 new judges to the various benches of the national company law tribunal (NCLT) across the country. Seven new
SBI: NCLT admits SBI’s insolvency plea, appoints interim RP–Economic Times
After months of financial trouble, Jet Airways had decided to temporarily suspend operations on April 17. The National Company Appellate Tribunal today admitted SBI’s insolvency
DHFL defaults again on commercial papers repayment – The Economic Times
A few weeks ago, ratings firm downgraded the company’s debt to ‘D’, or the default category, citing a delay in the payment of interest. Dewan
IBC delayed is IBC denied–Economic Times
By Amitabh Kant The Insolvency and Bankruptcy Code (IBC) single-handedly streamlined the resolution process for non-performing assets (NPAs) in a time-bound process, facilitating the speedy
Bond market: Lift regulatory hurdles–Economic Times
Non-banking financial companies (NBFCs), with outstanding debts of over Rs 26 lakh crore, find it tough to access credit, and face liquidity problems, although some
IBC has brought discipline in the ecosystem: Rajesh Narain Gupta, managing partner of law firm SNG & Partners – The Economic Times
“In developed countries where insolvency laws are matured, bank funding is available with a prior charge to meet the litigation costs as well as any
IBC resolves cases of 94 companies with liabilities of Rs 1.7 lakh crore – The Economic Times
So far, of the Rs 1.7 lakh crore of stressed asset dues, more than half or Rs 0.9 lakh crore was accounted for by 16
Jet Airways crisis: Banks give up on revival; SBI-led lender’s consortium chooses to send it to NCLT – The Financial Express
?After due deliberations, the lenders have decided to seek resolution for Jet Airways under the bankruptcy code since only a conditional bid was received,? SBI
Over and out for Jet Airways as lenders start bankruptcy proceedings | Business Standard News
A lenders’ consortium, led by State Bank of India (SBI), has given up on its rescue effort after finding no buyer for Jet Airways following months of action-packed search.
