For the first time in India, debtors and operational creditors will be able to trigger insolvency once the individual insolvency code is notified Ruchika Chitravanshi Last
Category: IBC-SEBI
RBI issues revised norms to deal with stressed assets – The Hindu BusinessLine
Gives lenders 30 days to review an account in case of default Following the quashing of its ‘revised framework for resolution of stressed assets’ by
RBI lobs ball in banks’ court to deal with resolution – The Hindu BusinessLine
The much-awaited revised version of the contentious February 2018 circular, is a less stringent framework to deal with stressed assets. The new directive does away
RBI issues revised norms to deal with stressed assets – The Hindu BusinessLine
Gives lenders 30 days to review an account in case of default Following the quashing of its ‘revised framework for resolution of stressed assets’ by
RBI may shun sectoral exceptions, ease timelines for stressed assets – The Economic Times
The Reserve Bank of India is unlikely to announce special sectoral exceptions in its new circular on stressed assets, contrary to demands of power, sugar, shipping and
Two key tasks for Sitharaman | Business Standard Column
Even as the new minister takes charge at North Block and gets busy with the Union Budget, having charge over both the finance and corporate
NCLT gives HDIL 4 weeks to clear lenders’ dues – The Economic Times
The National Company Law Tribunal Tuesday allowed Housing Development and Infrastructure LtdNSE 0.00 % (HDIL) four weeks time to pay Rs 98 crore to Bank of India or face
MCA examining pre-packaged insolvency solutions to cut delay under IBC – The Economic Times
Prepackaged insolvency resolution, allowing creditors and shareholders with a pre-negotiated corporate reorganisation plan to approach NCLT, may be taken forward by the government as a
NCLT approves resolution plan for DCHL – The Financial Express
The National Company Law Tribunal (NCLT), Hyderabad bench, has approved and passed the order regarding the resolution plan submitted by Srei Multiple Asset Investment Trust
NCLT junks PepsiCo’s scrapping of bottling pact with Oceanic Tropical – The Financial Express
In what could be seen as a last-ditch effort to maximise the value of assets of a company even under the liquidation stage, the Chennai
NCLT rejects Essar Power Jharkhand promoter’s proposal to settle dues – The Financial Express
The National Company Law Tribunal has rejected Rs 1,200 crore offer by the former promoters of Essar Power Jharkhand Ltd (EPJL) for one-time settlement with
Tata Steel’s Rs 805 crore bid for Bhushan Energy gets nod – The Financial Express
On a petition moved by State Bank of India, insolvency proceedings against Bhushan Energy under Section 7 of the Code was admitted by the NCLT?s
IBBI to hold roadshow in Singapore this week – The Hindu BusinessLine
Encouraged by the good response from foreign investors to its awareness-building efforts on the Indian stressed assets market, insolvency regulator IBBI, in association with FICCI,
A change in law means MSMEs have greater power in cheque bounce cases – The Economic Times
MSMEs who are generally cash starved and their hands stretched because of irregular cash flow would welcome this long-awaited change from the law makers. By
Swaminathan Aiyar: Incrementalism has succeeded, no need to go for radical reforms: Swaminathan Aiyar – The Economic Times
In the first budget, the government can sketch out the plans for the next five years. This does not have to be a budget just
MCA moves NCLT against Deloitte, BSR over fraud at IL&FS subsidiary | Business Standard News
MCA has directed the Serious Fraud Investigation Office (SFIO) to probe the role of lenders to IFIN and credit rating agencies covering the aspects of
IBC unable to revive most stressed companies as liquidations eclipse resolutions – ET Prime
A majority of the cases closed under the IBC has ended up in liquidation. With paltry realisations, about INR2.5 lakh crore of claims look set
RCom panel of creditors meeting on May 30 – The Economic Times
It will also submit a progress report on the Corporate Insolvency Resolution Process (CIRP) on May 30 to the dedicated bankruptcy court as well. Reliance
Vikram Bakshi gets 4 weeks to settle its Hudco dues for McDonald’s deal – The Economic Times
Bakshi and McDonald’s were equal partners of Connaught Plaza Restaurants Ltd (CRPL), till the former signed a deal on May 9 to sell his stake
Under IBC, 378 companies owing Rs 2.5 lakh crore sent for liquidation – The Economic Times
As many as 378 companies with total creditor claims of Rs 2,57,642 crore have so far been sent into liquidation under the Insolvency and Bankruptcy Code till March 31,
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