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,
Category: IBC-SEBI
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,
Welcome thoughts on the bond market–Economic Times
The Securities and Exchange Board of India (Sebi) Working Group on revamping Foreign Portfolio Investment (FPI) norms has submitted its report, and this could prove
NCLT dismisses ICICI insolvency plea against Hyderabad Ring Road Projects – The Economic Times
The NCLT observed that ICICI has already filed claims of Hyderabad Ring Road Projects before the RP of Era Infra Engineering, which has been admitted
Crisis in real estate sector: Challenges and changes required – The Financial Express
The amendment in IBC provides no clarification on the status of homebuyers being secured or unsecured creditor. The real estate sector at present is mired
Jaypee Infra insolvency: Creditors’ meet on May 30 to discuss NBCC bid – The Financial Express
The financial creditors would vote for the second time on the resolution plan for Jaypee Infratech, a subsidiary of Jaiprakash Associates Ltd (JAL). Debt-laden Jaypee
NPA crisis: Why loans to MSME, real state, farmers may go bad – The Financial Express
Provisions rose 157% sequentially to `1,561 crore. Including a `3,000-crore exposure to IL&FS entities, the bank had `6,500 crore worth of bulky stressed exposures. The
IBC: Introduce pre-packs, group insolvency to facilitate speedy resolutions | Business Standard Column
A remarkable aspect of the implementation of the Indian insolvency reform has been the continuous attention to improvements in the law. The judiciary and the
IBC: Creditors expect increase in realisations through IBC despite hiccups–Economic Times
“It is important for the RBI to find a new mechanism to ensure that resolution of stressed assets happens in a disciplined manner,” said ICRA.
Individual insolvency: Relief from usury for the poor soon – The Financial Express
However, since any such relief will be part of their credit history, potentially discouraging lenders to lend them again, these small debtors could also have
Essar Steel resolution: NCLAT reserves order on ArcelorMittal offer – The Financial Express
Insolvency petition against Essar Steel was admitted by the NCLT, Ahmedabad, on August 2, 2017. Hearing a bunch of petitions against the March 8 order
Verdict in, now for the tough part – BL INK – The Hindu BusinessLine
As a new government waits to settle into office, it has its task cut out — to pull Industry out of the deep end and
‘Corpus fund for insolvency resolution cannot be attached by any authority’ – MONEY & BANKING – The Hindu BusinessLine
The corpus fund arranged by the Committee of Creditors under the National Company Law Tribunal’s (NCLT) directions towards the cost of corporate insolvency resolution process
Is there another financial crisis brewing in household debt? | Business Standard Column
We have heard these last few years about the twin-debt problem faced by companies and banks. We’ve read reports like Credit Suisse’s “House of Debt”,
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