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,
Category: IBC-SEBI
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
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
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