Lenders of debt-ridden Jaypee InfratechNSE 4.35 % are unlikely to seek any fresh offers, including from Adani Group, till current round of bidding process is complete under the
Category: IBC-SEBI
IBC implementation to get more seamless in one year: IBBI chairman – The Financial Express
Sahoo said some of the changes in the code can be expected by April next year. Implementation of the Insolvency and Bankruptcy Code (IBC) is
Irregularities of more than Rs 1 lakh cr found in cos under Insolvency and Bankruptcy Code – The Economic Times
Forensic audit of over 200 companies facing corporate insolvency resolution action under the Insolvency and Bankruptcy Code (IBC) has revealed irregularities of more than Rs 1 lakh crore,
Lessons from Jet | Business Standard Editorials
As the last flight of what once was India’s second-largest private airline landed in Mumbai at 12.30 am on Wednesday last week, the pilot’s message
From lapses in tax cases to cheque bounce trial, here’re key court orders | Business Standard Column
Related person cannot name arbitrator After the 2015 amendment to the Arbitration and Conciliation Act, any person having a relationship with the parties or counsel
RBI may tweak Feb 12 circular on stressed assets to 30-day grace period | Business Standard News
The Reserve Bank of India (RBI) is likely to replace the controversial one-day default norm and give a grace period of 30 days to identify the early
Centre, IBBI plugging loopholes in IBC to make it seamless – MONEY & BANKING – The Hindu BusinessLine
Insolvency and Bankruptcy Board of India (IBBI) Chairperson MS Sahoo on Monday said some of the major issues confronting the Insolvency and Bankruptcy Code (IBC)
[RBI Circular] Issued (not) in the public interest | The Indian Express
The pace at which the long-accumulated corporate defaults were getting resolved through the mechanism established under the Insolvency and Bankruptcy Code (IBC) 2016 was too
Jet Airways crisis: Lenders keen on non-IBC resolution in case bidding process fails – The Economic Times
While lenders are “reasonably hopeful” of a successful bidding process, sources said banks are working on a plan B in case things don’t progress as
Grounding of Jet Airways seems a scam: Anand Sharma – The Economic Times
Senior Congress leader Anand Sharma Sunday said the collapse of Jet AirwaysNSE -31.46 % appears to be a “scam” being executed in the run-up to elections, and demanded intervention
NCLT rejects ArcelorMittal’s plea for EPC re-vote – The Economic Times
The dedicated bankruptcy court has rejected Arcelor-Mittal India’s plea to set aside the resolution plan submitted by Royale Partners Investment Fund (RPIF) for EPC Construction
Changed insolvency norms by April next to speed up process – The Economic Times
Recent developments like the Supreme Court striking down the RBI’s February 12 circular have has also prompted the IBBI to take a look at the
Changes in IBC will allow provision for mediation to cut costs, time | Business Standard News
Mediation, part of an alternative dispute resolution, is well established as an effective means of settling matters in bankruptcy cases in the US The government
Lessons from Jet | Business Standard Editorials
As the last flight of what once was India’s second-largest private airline landed in Mumbai at 12.30 am on Wednesday last week, the pilot’s message
Lenders invoke IBC norms to keep stressed assets in NCLT – The Economic Times
Lenders will cite one day default clause under Insolvency and Bankruptcy Code (IBC) to defend their action against erring promoters taken to insolvency under the
All is well with Modi’s Mudra loans; NPAs within RBI limits, says finance ministry official – The Financial Express
The non-performing assets (NPAs) under Modi government’s flagship scheme Pradhan Mantri Mudra Yojana (PMMY) for promoting small businesses are within the Reserve Bank of India’s permissible
After suspension of operations, lenders explore ways to lease Jet Airways’ aircraft – The Financial Express
Lenders of the now-grounded Jet Airways are looking at raising funds through leasing of the aircraft owned by the carrier, which include 10 Boeing 777
RP moves NCLT for extension of Asian Colour Coated Ispat deadline | Business Standard News
Sole bidder JSW Steel’s Rs 1,200 crore offer for downstream company, Asian Colour Coated Ispat Limited, may be under a cloud, as the resolution professional and the
Bankers hope for less pain as RBI readies new stressed-asset norms – The Hindu BusinessLine
Bankers are hoping the Reserve Bank of India (RBI) will be somewhat liberal when it brings out a fresh circular on the resolution of stressed
Why leeway under IBC eludes many MSMEs – The Hindu BusinessLine
In a bid to keep out errant promoters and wilful defaulters, Section 29A was introduced in the Insolvency and Bankruptcy Code in 2017. But given
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