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
Category: IBC-SEBI
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
IBC success story: Resolution plans help creditors, sick firms both – The Financial Express
IBC?s resolutions plans have yielded 200% of the liquidation value for creditors The resolution plans under the insolvency and bankruptcy code or IBC have yielded
Lead lender IDBI seeks deadline extension in Jaypee insolvency case | Business Standard News
Debt-ridden Jaypee Infratech’s lead lender IDBI Monday approached the National Company Law Tribunal (NCLT) seeking extension of insolvency proceedings beyond the May 6 deadline as the process
Jet staff offer to arrange a billion-dollar bailout – The Hindu BusinessLine
In an attempt to salvage Jet Airways, the company’s employees have put forth a proposal to take control of it by infusing ₹7,000 crore. Under a
Show and tell – The Hindu BusinessLine
The Supreme Court has rightly pulled up the RBI for its non-transparent disclosure policy The Supreme Court recently gave the Reserve Bank of India a
RBI should disclose the list of defaulters: Congress – The Economic Times
The Congress was referring to the RBI’s November 2016 Disclosure Policy. Latching on to the recent Supreme Court judgement giving the Reserve Bank of India
How bankruptcy regulator hard sells stressed assets to global funds – The Economic Times
Out of the 1,484 cases registered with NCLT, 275 have surpassed the stipulated time of 270 days. The Essar Steel case has been going on
Should India open up the debt market? | Business Standard Column
On April 1, the bonds of the Chinese government and its three policy banks responsible for financing economic and trade development and state investment projects
RBI cracks the whip on auditors, wants them to keep eye on five key areas | Business Standard News
The Reserve Bank of India (RBI) has asked bank auditors to keep a close watch on five key parameters and is to reassign its senior
RBI vs RTI | Business Standard Column
For the Reserve Bank of India (RBI), the current month of April has not been very pleasant as far as its dealings with the Supreme
IBC resolution: Towards the inevitable | Business Standard Column
Three years ago, I wrote the first of nine articles on the new bankruptcy code. That piece was titled Bankruptcy Law: State – 1; Market
Check this out: Hotel Leela’s asset monetisation deal – The Hindu BusinessLine
With the Securities and Exchange Board of India (SEBI) restraining Hotel Leelaventures from selling its hotel properties to Brookfield Asset Management pending further investigation, the
Insolvency and Bankruptcy Board of India
Limited Insolvency Examination, 1st November, 2018 The Board hereby publishes the syllabus, format etc. of the Limited Insolvency Examination (Examination) under regulation 3(3) of the
