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
Category: IBC-SEBI
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
Liquidation process for ABG Shipyard commences – The Hindu BusinessLine
Debt-ridden ABG Shipyard on Monday announced commencement of the liquidation process under the Insolvency and Bankruptcy Code. “NCLT vide order dated April 25, 2019…ordered commencement
Below the line – OPINION – The Hindu BusinessLine
NCLAT Chairman Justice SJ Mukhopadhaya was at his witty best at a recent insolvency law conference in the Capital. He wanted the ‘Committee of Creditors’
‘IBC helped creditors recover 195% of liquidation value’ – The Hindu BusinessLine
The creditors of companies that have been rescued from liquidation as of March 2019 have been able to realise 195 per cent of the ‘liquidation
View: India’s insolvency law as creator of jobs – The Economic Times
By Sapan Gupta The new corporate insolvency regime has saved nearly four lakh jobs in India. Had it not been for the new law being
SFIO arrests Bhushan Steel’s former CFO Nitin Johri on charges of financial fraud – The Economic Times
The country’s top fraud watchdog, SFIO, has arrested Bhushan Steel’s former chief financial officer and director Nittin Johri, according to a senior official. The late evening
Lenders take 57% haircut in 94 cases worth Rs 1.75 lakh crore – The Economic Times
Banks have taken a huge 57 percent haircut in the 94 large accounts worth Rs 1.75 lakh crore which were resolved in FY19, recovering just Rs 75,000 crore
IBC resulted in recovery rate of 43%, figure is respectable: CRISIL | Business Standard News
The advent of Insolvency and Bankruptcy Code (IBC) has resulted in a recovery rate of 43 per cent, which, according to rating agency CRISIL, is
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