Subramanian says the Insolvency and Bankruptcy Code is a big reform that is changing credit behaviour and calls for incentives for young businesses rather than
Category: IBC-SEBI
Lenders to take 52% haircut as Patanjali’s resolution plan for Ruchi Soya gets the go-ahead – The Financial Express
Ruchi Soya Industries was admitted into the corporate insolvency resolution process (CIRP) on December 15, 2017, based on application of financial creditors Standard Chartered Bank
Why Jet Airways revival is difficult: SBI reveals REAL hurdles for investors – The Financial Express
The top lender of ailing Jet Airways India Ltd. said the burden of reversing the grounded carrier’s negative net worth before it can fly again
Why Jet Airways revival is difficult: SBI reveals REAL hurdles for investors – The Financial Express
The top lender of ailing Jet Airways India Ltd. said the burden of reversing the grounded carrier’s negative net worth before it can fly again
Bad debt at US banks rises on higher credit card losses – The Hindu BusinessLine
For the biggest US banks, not all consumer debt is created equal. Credit card losses are outpacing auto and home loans at a rate not
patanjali: Lenders approve Patanjali’s Rs 4,325 cr bid for Ruchi Soya – The Economic Times
With the acquisition of Ruchi Soya, Patanjali will become a major player in soyabean oils and other products. In its first major acquisition, Yoga guru
Banks may get just a quarter of claims from 12 debt cases – The Economic Times
Banks would realise just about a quarter of their claims from 12 corporate debt resolution cases in January-March 2019, dashing hopes of higher bad loan recovery in the
SC asks Amrapali Group to explain details of transactions, agreements with M S Dhoni – The Economic Times
Dhoni said that like other home-buyers and creditors, he has also been duped by the Amrapali Group. The Supreme Court directed the embattled Amrapali Group on Tuesday to explain
Uday Kotak: Uday Kotak on challenges in financial sector, liquidity stress, IL&FS and more – The Economic Times
On the challenges in the financial sector We’re in the midst of one of the most significant challenges in financial sector. The next few months
Most claims liquidated in NCLT amid delays: Report – The Economic Times
Amid the rising number of cases admitted to the National Company Law Tribunal (NCLT), a Kotak report on Tuesday said that liquidation remained the most favourable closure for all
RCom: NCLAT sends RCom back to insolvency–Economic Times
The Mumbai bench had admitted the petition but the NCLAT stayed insolvency proceeding after financial creditors, RCom and Ericsson agreed to a settlement. Reliance CommunicationsNSE
The Public Interest Lies in Disclosure–Economic Times
The Supreme Court has done right to direct the Reserve Bank of India (RBI) to disclose information on defaulters and annual inspection reports under the
Insolvency proceedings: Defaulting promoters may get chance to come back – The Financial Express
However, a credible proposal for “compromise or arrangement” must be made to the liquidator within seven days of the date of order for liquidation by
Lenders want restart of CIRP for Adhunik Metaliks – The Financial Express
After hearing the arguments, justice Gosavi adjourned the matter till May 14 for a detailed hearing. As UK-based Liberty House failed to make the upfront
Setback for Ericsson as NCLAT lets RCom withdraw plea against insolvency | Business Standard News
The National Company Law Appellate Tribunal (NCLAT) on Tuesday allowed debt-ridden Reliance Communications (RCom) to withdraw its petition challenging the National Company Law Tribunal (NCLT)
Deloitte | IL&FS scam: As Deloitte stares at a lengthy India ban, a look at the events that led to this
It looks like heads have finally begun to roll in the real sense in the IL&FS fraud case, the mammoth Rs 91,000-crore scam that caught
Reserve Bank of India: RBI moves to tighten current account operating norms to check fund diversion
In a move to tackle fund diversion, the Reserve Bank of India (RBI) has proposed sterner rules on opening and running of current accounts of corporate borrowers. Current accounts, according
Bad debt norms: RBI to seek Election Commission nod – The Economic Times
In 2014, the central bank had sought the Election Commission’s permission before announcing the grant of in-principle approval of bank licences for Bandhan and IDFC
Merely 24% recovery from corporate insolvency cases in March quarter – The Economic Times
Banks would realise just about a quarter of their claims from 12 corporate debt resolution cases in the January-March period, dashing hopes for higher bad loan recovery in the
How cases under insolvency process progressed — Status report – The Financial Express
53% of CIRPs completed till end of March ended in liquidation; solutions in just 13%. Moreover, the average realisation by financial creditors as a share
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