Rating agencies are also sometimes cautious in downgrading instruments simply because it becomes ‘self-fulfilling’. Recent events raise questions about the effectiveness of credit rating agencies (CRA) in
Category: IBC-SEBI
Independent directors face mandatory e-registration – The Economic Times
All independent directors may have to register as part of a new initiative by the ministry of corporate affairs (MCA), which also plans to introduce
IL&FS case: Auditors have many questions to answer, says Corporate Affairs Secretary – The Economic Times
As the probe continues into the IL&FS case, a senior government official has said the group’s auditors have “many questions to answer” prima facie as
As the CJI Gogoi case confirms, judges are now a law unto themselves – The Financial Express
The complainant walked out of the Supreme Court inquiry while saying she was not getting a fair shot. Even when it was first announced, an
Pre-packaged insolvency: Process should help achieve the overarching objectives of the IBC – The Financial Express
By Paul Williams A ‘pre-pack sale’ can be defined as “an arrangement under which the sale of all or part of a company’s business or
Battle for Essar Steel: Ruias move NCLAT against ArcelorMittal bid – The Financial Express
Surya Sarathi RayEven as the National Company Law Appellate Tribunal (NCLAT) hears the matter relating to the distribution of upfront payment plan of Rs 42,000
Patanjali’s Ruchi Soya plan hits a speed breaker; DBS to move NCLT – The Financial Express
By Mitali Salian DBS Bank-Singapore told the Mumbai National Company Law Tribunal (NCLT) on Tuesday it would move the tribunal against Patanjali Ayurved’s proposed Rs
ArcelorMittal misled Supreme Court, say Ruias; seek disqualification in Essar Steel bankruptcy case – The Financial Express
In its petition, ESAHL said Arcelor Mittal India Ltd and its promoter Lakshmi Mittal had ?misled? the Supreme Court, lenders and insolvency court into believing
Jaypee Infratech: NBCC won’t alter broad contours of resolution plan – The Financial Express
Jaypee Infratech: NBCC won?t alter broad contours of resolution plan State-run NBCC will not alter the broad contours of its resolution plan for Jaypee Infratech
RCom: IRPs of RCom, two units told to submit progress report – The Economic Times
The bankruptcy court has directed interim resolution professionals (IRPs) of Reliance CommunicationsNSE 4.76 % (RCom) and its two units to submit a progress report on the Corporate
Reserve Bank of India: RBI weighs incentives for banks to move IBC–Economic Times
The Reserve Bank of India (RBI) is understood to be weighing a plan to ‘incentivise’ lenders to take errant borrowers to bankruptcy court. It’s part of the
A misleading bar | Business Standard Editorials
The Bar Council of Delhi’s directive to the Big Four accountancy firms not to offer legal services to their clients in India is a retrograde move that is transparently
Audit rot | Business Standard Editorials
The Union secretary for corporate affairs has warned that the firms auditing group companies of troubled Infrastructure Leasing & Financial Services (IL&FS) have “many questions
The curious case of twin bad loan resolution | Business Standard Column
In the next 24 hours, the National Company Law Tribunal (NCLT), the arbitration authority for cases filed under India’s insolvency law, is expected to settle
From Basmati rice cultivation to mining licences, here’re key court orders | Business Standard Column
Insurer can’t change surveyor at its whim An insurance company cannot appoint one surveyor after another till it gets a report favourable to it, the
IBC is finding more takers, but the process is getting painfully slower | Business Standard News
The biggest success story under the Insolvency and Bankruptcy Code (IBC) so far, the resolution of a dying Bhushan Steel and the process of takeover by Tata Steel for Rs 35,571
Dangerous to let viable cos shut down, IBC gives another chance: IBBI chief | Business Standard News
Committees of Creditors (CoCs) should provide all relevant information and share their vision for companies under the insolvency process, a senior official said Saturday as he asserted that it
All you wanted to know about haircuts – The Hindu BusinessLine
Of late, it is not just magazines offering lifestyle and beauty tips that have been featuring discussions on haircuts. The pink papers have been devoting
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
Adherence to IBC timelines still a challenge, says Crisil – NEWS – The Hindu BusinessLine
Adherence to the IBC timeline, burden on NCLT to resolve the large number of cases, clarity on priority of claims, limited number of information utilities