The National Company Law Tribunal (NCLT) has rejected ICICI Bank’s plea to initiate insolvency proceedings against Era Infrastructure (India) Ltd on the grounds of “duplicacy”
Category: IBC-SEBI
Another bad idea | Business Standard Editorials
The Union corporate affairs secretary has been reported as saying that the Insolvency and Bankruptcy Code (IBC) may be amended under a new government after
IBC process helps recover Rs 70,000-crore bad loans in FY19: CRISIL | Business Standard News
The IBC process has shifted the balance of power from the debtor to the creditor Not only is the recovery rate of the 94 cases
Bombay HC allows crew of arrested TAG Offshore ship to disembark – NEWS – The Hindu BusinessLine
The Bombay High Court has allowed 16 crew members stranded on board a ship owned by bankruptcy-bound TAG Offshore Ltd to disembark without attracting any
Punj Lloyd Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine
Pursuant to Regulation 30 (2) of SEBI (LODR) Regulations, 2015 (LODR) and in accordance with the requirements of Sub Cl 16 (g) of Clause A
As IBC pressure mounts, borrowers hasten to pay up – MONEY & BANKING – The Hindu BusinessLine
With the Insolvency and Bankruptcy Code 2016 (IBC) shifting the balance of power, borrowers are making good the amounts in default to the creditors, and
Tweak in insolvency resolution process to open window wider for original promoters – Today’s Paper – The Hindu BusinessLine
The Insolvency and Bankruptcy Board of India (IBBI) proposes to make the legal regime around withdrawal of resolution applications under the Insolvency and Bankruptcy Code
IBC: RCom lenders to finalise RP from shortlist of 5 – The Hindu BusinessLine
The lenders of Reliance Communications (RCom), an Anil Ambani group company, have shortlisted five Resolution Professionals (RPs) based on technical evaluation for the debt-laden firm’s
IBC hits and misses | The Indian Express
Under the law, the insolvency resolution process is to be completed in 180 days, which can be extended by another 90 days to a maximum
Banking sector gross NPA falls as IBC helps in better recovery | Business News, The Indian Express
Even as the average time taken for resolution under IBC is higher than what is set out in the law, the bankruptcy system is yielding
Lenders’ differences, legal challenges behind delay in resolutions under IBC | Explained News, The Indian Express
IBC offers better recovery rate of 43% to financial creditors. A number of hurdles have recently delayed debt resolution at Essar Steel India Ltd, which
Will throw you out; transfer ownership rights of properties “lock, stock and barrel”: SC warns Amrapali – The Economic Times
The Supreme Court Wednesday warned the Amrapali Group that they can be thrown out from their 15 prime residential properties and may transfer “lock, stock and barrel”
SC shocked over “manipulation” of court’s order in Amrapali case, says more heads will roll – The Economic Times
Shocked by “unfortunate” manipulation of its order in the high profile Amrapali case, the Supreme Court Wednesday issued a stern warning to errant Registry staffers and said some more
IL&FS resolution on track; green companies’ Rs 12,000 cr debt likely to be settled by July: Official – The Economic Times
Noting that the issue is the distribution ratio between secured and unsecured creditors, he said one option could be that senior creditors get precedence and
Patanjali bid for Ruchi Soya: NCLT reserves order, seeks funding details again – The Economic Times
The National Company Law Tribunal (NCLT) Friday reserved its order on the Rs 4,350-crore offer by Patanjali to take over the crippled edible oil firm Ruchi SoyaNSE -4.83
IL&FS resolution on track; green companies’ Rs 12,000 cr debt likely to be settled by July: Official – The Economic Times
Noting that the issue is the distribution ratio between secured and unsecured creditors, he said one option could be that senior creditors get precedence and
Real estate crisis: Representative voting by homebuyers likely – The Financial Express
A stalemate in Jaypee Infratech’s insolvency resolution process and the possibility of similar deadlocks in the rescue plans for other bankrupt realtors, where homebuyers form
ICRA expects better realisations for lenders under IBC in FY20 – The Hindu BusinessLine
Our Bureau Rating agency ICRA said on Wednesday it expects financial creditors to realise more than ₹80,000 crore in FY20 from the IBC process, against
IL&FS crisis: Fraud office probes role of 4 credit rating agencies | Business News, The Indian Express
At least four credit rating agencies are being probed by the Serious Fraud Investigation Office (SFIO) for their role in rating the debt instruments of
Anil Ambani: Anil Ambani’s RCom’s bankruptcy begins; next hearing on May 30
The Mumbai bench on May 7, also had directed the existing RP to file a progress report by May 30 when it will hear the
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