Clipped from: https://www.business-standard.com/economy/news/home-buyers-likely-to-get-some-relief-from-insolvency-proceedings-123050800520_1.html The move is intended to reassure home buyers while also providing a tailored debt resolution regime for the real estate sector Listen to
Category: IBC-SEBI
👍👍👍👍👍IBC: Section 9 petition cannot be dismissed merely because some invoices are time barred
Clipped from: https://taxguru.in/corporate-law/ibc-section-9-petition-dismissed-invoices-time-barred.html Next Education India Private Limited Vs K12 Techno Services Private Limited (Supreme Court of India) Feeling aggrieved and dissatisfied with the impugned judgment
👍Go First Insolvency Resolution: Go First files for voluntary insolvency resolution proceedings before NCLT – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/go-first-files-for-voluntary-insolvency-resolution-proceedings/articleshow/99934815.cms Synopsis “Go First deeply regrets the current situation, which has forced it to apply to the NCLT. With Pratt & Whitney failing to
🙏NCLT to deal with IBC cases: Center plans to draft guidelines
Clipped from: https://www.business-standard.com/economy/news/center-plans-to-draft-guidelines-for-nclt-to-deal-with-ibc-cases-123050100888_1.html MCA also planning artificial intelligence system for case management IBC lawyers often rue that the NCLT is a weak link in the IBC
🙏Much needed step by SEBI –not a day too soon –Courtesy BusinessLine 26.4.23
My take –SEBI takes one more step to safeguard investor’s interest–[2] not to worry even if turnover suffers 👍
👍👍👍👍👍Resolution Professional can take Control Of Corporate Debtor’s Rights In Assets Licensed To Third Parties: SC
lipped from: https://taxguru.in/corporate-law/resolution-professional-control-corporate-debtors-rights-assets-licensed-third-parties-sc.html Victory Iron Works Ltd. Vs Jitendra Lohia (Supreme Court of India) The main ground of attack of the appellants to the impugned orders
Govt keen to make IBC more robust, says FM Nirmala Sitharaman | The Financial Express
Clipped from: https://www.financialexpress.com/industry/govt-keen-to-make-ibc-more-robust-says-fm-nirmala-sitharaman/3029992/ Finance minister Nirmala Sitharaman on Saturday said the Centre has no hesitation in amending the Insolvency and Bankruptcy Code (IBC) to make it
👍👍👍Srei insolvency: Section 10A not applicable as defaults continued beyond moratorium period, argues Solicitor General of India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/srei-insolvency-section-10a-not-applicable-as-defaults-continued-beyond-moratorium-period-argues-solicitor-general-of-india/article66683487.ece Arguing against the very question of maintainability of application filed by erstwhile promoters of Srei group under Section 10A of IBC (Insolvency and Bankruptcy Code),
🙏🙏🙏Business Standard editorial on SEBI steps to protect investors–Courtesy Business Standard 31.3.23
👍👍👍👍👍STT hike does more good than harm – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/stt-hike-does-more-good-than-harm/article66676724.ece The hike in STT on futures and options can check rampant speculation, besides correcting some imbalances in the market Every year when the
👍👍👍SEBI approves setting up backstop fund for debt mutual funds – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/new-backstop-fund-mooted-to-bail-out-mf-debt-schemes-in-distress/article66676446.ece SEBI has made the Board of AMC responsible for protecting unitholders’ interests SEBI has introduced the “Corporate Debt Market Development Fund”, a backstop facility
👍👍👍Ensuring true independence | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/ensuring-true-independence/3022745/ Independent directors can’t be expected to fulfil their mandate meaningfully when they serve on multiple boards within a promoter group. The need is
👍👍👍👍👍Impact of PMLA tweaks on cryptos, FPIs, non-profit companies – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-impact-of-pmla-tweaks-on-cryptos-fpis-non-profit-companies/article66625691.ece Tweaks aim to give more teeth to money laundering prevention efforts Crypto exchanges come under the scanner of anti-money laundering laws | Photo
FPIs gets 7 working days time to report any changes to SEBI, depository participants – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/fpis-gets-up-to-7-working-days-time-to-report-any-changes-to-sebi-depository-participants/article66625766.ece Presently information needs to furnished forthwith; SEBI notifies changes effective March 14 Foreign portfolio investors (FPI) will get time up to seven working
🙏🙏🙏🙏🙏🙏🙏Google is not just dominant but ‘super dominant’, CCI tells NCLAT | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/google-is-super-dominant-and-not-just-dominant-cci-tells-nclat-123031501159_1.html Argues that competition law puts onus on Google not to abuse its dominant position and not allow its conduct to impair genuine undistorted
aniltikotekar4sme.com 