By Anwesha Ganguly In an effort to iron out the thorny issues involving the sale of Jet Airways, its lenders and representatives of Etihad Airways
Category: IBC-SEBI
new labour legislation: Govt planning new labour legislation by merging 44 laws under 4 categories – The Economic Times
Aimed at helping investors and accelerating growth, the Modi government is planning a new labour legislation that would merge 44 labour laws under four categories– wages, social
Creditors can expect 100 per cent recoveries under IBC – The Economic Times
The IBC has strengthened creditors’ rights and the credit market will continue expanding, he pointed out. Creditors can expect 100 per cent recoveries from their
NPA crisis: Why RBI’s new framework on bad loans is interesting – The Financial Express
It is not quite sure as to how this will work out in the times to come. But the RBI has plugged this gap in
NPA crisis: RBI does well not to water down resolution norms – The Financial Express
RBI has also warned banks against ever-greening accounts While the new guidelines on stressed assets put out by the Reserve Bank of India (RBI) do
RBI’s new prudential framework for stressed asset resolution credit positive: Moody’s – The Financial Express
Moody’s Investors Service Monday said the Reserve Bank’s new prudential framework for stressed asset resolution is ‘credit positive’, but flagged the slower-than-expected progress of resolution
Jet Airways pilots planning to move NCLT demanding dues as hopes for revival dim – The Financial Express
Jet Airways has not paid salaries to its pilots since January. The National Aviators Guild, one of Jet’s pilots’ unions, has engaged a legal representative
Rein in errant auditors – The Hindu BusinessLine
The MCA move to ban IFIN auditors is welcome It is clear that The Ministry of Corporate Affairs (MCA) is annoyed with a few audit
RBI’s norms to give more headroom to lenders to resolve big ticket NPAs: SBI Report – The Hindu BusinessLine
Reserve Bank’s new guidelines to deal with bad loans will provide lenders the headroom and flexibility for resolution of large ticket stressed asset cases under
Neueon Towers Ltd – Corporate Insolvency Resolution Process (CIRP)-Appointment of Interim Resolution Professional (IRP) – The Hindu BusinessLine
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
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
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