Category: IBC-SEBI
🙏हा अग्रलेख IBC 2016 या कायद्याबाबत व या कायद्याच्या अमलबजावणी बाबत आलेल्या अपयशाबद्दल आहे. मुळात बर्‍याच जणांचा या कायद्यामुळे वसुली होईल हा भ्रम आहे. मूळ हेतू तो नाहीच. अडचणीत आलेला व्यवसाय त्यातून बाहेर पडून परत रुळावर यावा हा उद्देश आहे. जर या दिशेने झालेले प्रयत्न अयशस्वी झाले तर liquidation चा मार्ग चोखाळला जावा –असा हा कायदा आहे परंतु जेव्हा liquidation चा पर्याय उपलब्ध होतो [ किंवा करून दिला जातो असे म्हणु हवे तर ] तेंव्हा फार उशीर झालेला असतो. Assets ची किंमत कमी होते [ केली जाते? ] व झालेली वसुली [ केलेली नव्हे –वसुली होणे व करणे या दोन्ही मध्ये फरक आहे] –म्हणुन कायदा वीक आहे असे म्हणणे योग्य नाही. जर योग्य तर्‍हेने हा कायदा राबवण्यात आपण यशस्वी झालो तर श्री अरुण जेटली म्हणाले त्याप्रमाणे कर्जावर पैसे घ्या म्हणुन बँकांच्या पाठीमागे लागतील. अजूनही पुष्कळ लिहिण्यासारखे आहे पण तूर्तास एव्हडेच पुरे.
हा कायदा भारतात 2016 साली अमलात आला पण अमेरिकेत 1980 सालापासून आहे. अतिशय efficiently अमलबजावणी चालू आहे. [2] आपल्याकडे हा कायदा राबवणारी यंत्रणा सक्षम नाही
👍👍👍👍👍👍👍Notice to Creditors before admitting IBC Section 10 Application is Not mandatory
Clipped from: https://taxguru.in/corporate-law/notice-creditors-admitting-ibc-section-10-application-mandatory.html In re Go Airlines (India) Limited (NCLT Delhi) Hon’ble National Company Law Tribunal (NCLT), Principal Bench, New Delhi in the matter of Go
👍👍👍IBC: Home buyers likely to get some relief from insolvency proceedings
Clipped from: https://www.business-standard.com/economy/news/home-buyers-likely-to-get-some-relief-from-insolvency-proceedings-123050800520_1.html The move is intended to reassure home buyers while also providing a tailored debt resolution regime for the real estate sector Listen to
👍👍👍👍👍IBC: Section 9 petition cannot be dismissed merely because some invoices are time barred
Clipped from: https://taxguru.in/corporate-law/ibc-section-9-petition-dismissed-invoices-time-barred.html Next Education India Private Limited Vs K12 Techno Services Private Limited (Supreme Court of India) Feeling aggrieved and dissatisfied with the impugned judgment
👍Go First Insolvency Resolution: Go First files for voluntary insolvency resolution proceedings before NCLT – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/go-first-files-for-voluntary-insolvency-resolution-proceedings/articleshow/99934815.cms Synopsis “Go First deeply regrets the current situation, which has forced it to apply to the NCLT. With Pratt & Whitney failing to
🙏NCLT to deal with IBC cases: Center plans to draft guidelines
Clipped from: https://www.business-standard.com/economy/news/center-plans-to-draft-guidelines-for-nclt-to-deal-with-ibc-cases-123050100888_1.html MCA also planning artificial intelligence system for case management IBC lawyers often rue that the NCLT is a weak link in the IBC
🙏Much needed step by SEBI –not a day too soon –Courtesy BusinessLine 26.4.23
My take –SEBI takes one more step to safeguard investor’s interest–[2] not to worry even if turnover suffers 👍
👍👍👍👍👍Resolution Professional can take Control Of Corporate Debtor’s Rights In Assets Licensed To Third Parties: SC
lipped from: https://taxguru.in/corporate-law/resolution-professional-control-corporate-debtors-rights-assets-licensed-third-parties-sc.html Victory Iron Works Ltd. Vs Jitendra Lohia (Supreme Court of India) The main ground of attack of the appellants to the impugned orders
Govt keen to make IBC more robust, says FM Nirmala Sitharaman | The Financial Express
Clipped from: https://www.financialexpress.com/industry/govt-keen-to-make-ibc-more-robust-says-fm-nirmala-sitharaman/3029992/ Finance minister Nirmala Sitharaman on Saturday said the Centre has no hesitation in amending the Insolvency and Bankruptcy Code (IBC) to make it
👍👍👍👍👍STT hike does more good than harm – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/stt-hike-does-more-good-than-harm/article66676724.ece The hike in STT on futures and options can check rampant speculation, besides correcting some imbalances in the market Every year when the
👍👍👍👍👍Impact of PMLA tweaks on cryptos, FPIs, non-profit companies – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/blexplainer/bl-explainer-impact-of-pmla-tweaks-on-cryptos-fpis-non-profit-companies/article66625691.ece Tweaks aim to give more teeth to money laundering prevention efforts Crypto exchanges come under the scanner of anti-money laundering laws | Photo
FPIs gets 7 working days time to report any changes to SEBI, depository participants – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/fpis-gets-up-to-7-working-days-time-to-report-any-changes-to-sebi-depository-participants/article66625766.ece Presently information needs to furnished forthwith; SEBI notifies changes effective March 14 Foreign portfolio investors (FPI) will get time up to seven working
🙏🙏🙏🙏🙏🙏🙏Google is not just dominant but ‘super dominant’, CCI tells NCLAT | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/google-is-super-dominant-and-not-just-dominant-cci-tells-nclat-123031501159_1.html Argues that competition law puts onus on Google not to abuse its dominant position and not allow its conduct to impair genuine undistorted
