Dear Sir/Madam This is to inform you that the Honourable National Company Law Tribunal (NCLT), Hyderabad Bench has passed the order on 03/06/2019 (uploaded on
Category: IBC-SEBI
Govt mulling national institute for valuers – NEWS – The Hindu BusinessLine
We have enough critical mass for such an institute, says MCA Secretary Srinivas The time is ripe for the setting up of a national level
Scheduled banks healthier now as gross NPA ratio dips in FY19 – NEWS – The Hindu BusinessLine
There was a significant improvement in asset quality of scheduled commercial banks (SCBs) in 2018-19 as the gross NPA ratio declined to 9.3 per cent
Why $190 bn bank loan clean-up is the only way to revive India’s growth | Business Standard News
As of March, about a third of India’s bankruptcy cases had exceeded the 270-day deadline stipulated by law, according to government data Reforms meant to
Three pharma firms in second race for Orchid Pharma resolution process | Business Standard News
There are three pharmaceutical bidders for debt-ridden Orchid Pharma Ltd in the second round of Corporate Insolvency Resolution Process (CIRP) — Gurgaon-based Dhanuka Laboratories, Chennai-based Accord Life
Two operational creditors take Jet to NCLT, hearing on June 13 – The Economic Times
Jet Airways owes more than Rs 8,000 crore to a consortium of banks led by the State Bank of India. In a major setback to
New NPA norms balanced, offer banks, borrowers a big breather – The Economic Times
Analysts at rating agency CrisilNSE 1.24 % and American brokerage BofA-ML Monday termed the new bad loan resolution framework issued over the weekend as “balanced” as it gives a
IL&FS may file contempt plea against lenders for withdrawing Rs 800cr during moratorium – The Economic Times
Lenders must not withdraw support until a resolution is found of the IL&FS and its group companies. Debt-ridden IL&FS is likely to file a contempt
Jaypee Infra insolvency: Lenders reject NBCC bid — key details – The Financial Express
As many as 13 banks and over 23,000 homebuyers have voting rights in the committee of creditors (CoC) of Jaypee Infratech. A majority of Jaypee
Chartered accountants facing ‘most heat today’ as norms are strong: Corporate Affairs Secretary Injeti Srinivas – The Economic Times
Amid instances of frauds at companies, chartered accountants are facing the “most heat today” as strong auditing and accounting standards are in place, according to a senior government official. The remarks
MCA to look at new framework for credit rating agencies for strong corporate governance – The Economic Times
The Ministry of Corporate Affairs is likely to take a relook at a new framework of credit rating agencies as a strong corporate governance structure is essential for a
Revised guidelines on bad loans will sustain improvement in credit culture: RBI Governor Shaktikanta Das – The Economic Times
RBI Governor Shaktikanta Das Saturday said revised guidelines to deal with stressed assets will sustain improvement in credit culture as it provides for additional provisioning, a strong
Jet Airways fallout: Cross-border insolvency norms to be amended – The Financial Express
Last month, the lenders and management of Jet Airways were in a fix over the legal implications of a Dutch court declaring the defunct airline
BoB puts accounts worth over Rs 9k cr on block as NCLT process gets delayed – The Economic Times
The bank, which has become the third largest lender after it amalgamated Vijaya Bank and Dena Bank with itself in April this year, has narrowed
RBI’s new bad loan norms incomplete–Economic Times
The Reserve Bank of India’s (RBI) replacement for the February 12 Circular, which the Supreme Court had struck down on technical grounds, does not really
Resolution reset – The Hindu BusinessLine
RBI’s revised debt management rules must be accompanied by systemic reforms The RBI’s Prudential Framework for Resolution of Stressed Assets, a diluted version of a
RBI circular | Bad loans: RBI issues revised circular on resolution of stressed loans–Economic Times
RBI has now said that approvals of 75 precent of creditors would now be required for resolution of bad assets. Two months after the Supreme
ET View: New RBI Circular offers defaulters little wiggle room – The Economic Times
Companies have been lobbying to avoid that initial labelling as a defaulter. That wish has not been granted. The new Prudential Framework for Resoluton of
RBI circular a welcome step; provides more freedom to bankers: Indian Banks’ Association – The Economic Times
The Reserve Bank’s new circular for resolution of stressed assets is propelled by provisioning requirements and gives more freedom to bankers in taking decisions, Indian Banks’
RBI revised framework offers some leeway to defaulters — check new rules – The Financial Express
Lenders must enter into an inter-creditor agreement (ICA) to to work on the resolution and also set out the rights and duties of majority lenders,
aniltikotekar4sme.com 