RBI: Supreme Court gives final warning to RBI to disclose information about NPAs, bank inspection reports. Bank NPAs: Supreme Court’s direction to the RBI to disclose its annual
Category: IBC-SEBI
RBI’s Feb 12 circular: SC ruling doesn’t undermine IBC – The Financial Express
By way of the Circular, RBI, rather than getting into a case- or sector-specific default, set out conditions under which banks were mandatorily required to
Resolution plans yielded 200% of liquidation value for creditors: IBBI chief – The Financial Express
Resolution plans under the Insolvency and Bankruptcy Code (IBC) have yielded double the liquidation value for creditors who are realising an average 45% of their
Naresh Goyal’s late departure hit Jet Airways revival: Sunil Mehta – The Economic Times
When asked if the bank is open to acquiring other lenders, Mehta said that the bank has now made a turnaround and can consider offers.
deloitte: MCA ready to strike against IL&FS tainted Deloitte – The Economic Times
The Ministry of Corporate Affairs is ready to strike against Deloitte Haskins and Sells in the murky IL&FS case. IANS learns that MCA has taken an aggressive view over malpractices by
Ruchi Soya insolvency: Lenders to meet Friday to consider Patanjali’s revised offer – The Economic Times
Patanjali Ayurved had approached NCLT challenging the decision of Ruchi Soya’s lenders to approve Adani Wilmar’s Rs 6,000 crore takeover bid. Lenders of debt-ridden Ruchi SoyaNSE
Jaypee Infratech: NBCC, Suraksha plans offer little for operational creditors – The Financial Express
JIL’s committee of creditors (CoC) is scheduled to meet on Friday to evaluate the two bids. State-owned NBCC, in its revised bid for assets of
Don’t blame banks for sticky loan rates – The Hindu BusinessLine
It is a fact that in a developing economy a lower interest rate regime drives up consumption and consequently triggers the investment cycle, contributing to
IBC: Changes, challenges and interpretation of bankruptcy law
IBC mandates that an insolvent asset must be resolved in 270 days. Next month, it would be 3 years since Parliament enacted the bankruptcy law. There
ITC moves NCLT seeking to cancel Leela sale; hearing on June 18 – The Economic Times
In another development, Leelaventure in a BSE filing Wednesday said markets regulator Sebi has asked it to hold the sale of its four hotels and
Ericsson moves Supreme Court against returning Rs 580 crore to Anil Ambani’s RCom – The Financial Express
Swedish telecom network company Ericsson has moved the Supreme Court against potentially having to return Rs 580 crore to Reliance Communications according to an NCLAT
Don’t dilute IBC | Business Standard Editorials
The Insolvency and Bankruptcy Code (IBC) has been one of the major reforms of the past five years. It promised to effectively solve what former
Banks must disclose exposure to IL&FS: RBI – The Hindu BusinessLine
The Reserve Bank of India has asked banks to declare details of their exposure and provisions related to troubled Infrastructure Leasing and Financial Services as
RBI: RBI may offer more time for bank-led resolution of NPAs – The Economic Times
The central bank is expected to retain the main contours of its February 12, 2018, circular. The RBI is likely to adopt a more accommodative approach towards
Essar Steel CoC cannot discriminate between operational creditors, observes NCLAT – The Economic Times
The National Company Law Appellate Tribunal (NCLAT) on Tuesday observed that the Committee of Creditors of Essar SteelNSE 0.00 % cannot discriminate between operational creditors of the
No input tax credit if GST returns not filed, says Telangana HC – The Economic Times
The Telangana High Court has ruled that no input tax credit (ITC) is available unless GST returns are filed and a taxpayer is liable to pay penalty
IBBI, not NCLT, is the competent body to act against resolution professionals: NCLAT – The Economic Times
The Insolvency and Bankruptcy Board of India (IBBI) will be the competent authority and not the National Company Law Tribunal (NCLT) to act against any
Jaypee Infratech homebuyers offered Rs 97 crore compensation – The Financial Express
After his meeting with Jaypee Infratech (JIL) homebuyers last week, Manoj Gaur, JIL’s erstwhile promoter, has sweetened his February 2019 resolution plan for the debt-laden
ITC moves NCLT against Hotel Leelaventure, alleges oppression of minority shareholders – The Financial Express
In April, the NCLT granted the parties time till May 28 to arrive at a settlement. ITC has moved the National Company Law Tribunal (NCLT)
ITC moves NCLT against Hotel Leelaventure, alleges oppression of minority shareholders – The Financial Express
In April, the NCLT granted the parties time till May 28 to arrive at a settlement. ITC has moved the National Company Law Tribunal (NCLT)
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