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
Category: IBC-SEBI
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,
Individual bankruptcy: Draft rules propose mediation over litigation | Business Standard News
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
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
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