BPSL was admitted by the New Delhi bench of the NCLT on July 26, 2017, for the initiation of the corporate insolvency resolution process (CIRP),
Category: IBC-SEBI
30-day grace period will hurt repayment discipline – The Financial Express
The current guidelines require banks to recognise stress immediately and act quickly. Given how more than half the companies that have been processed under the
Letter to BS: Mediation may help iron out glitches in insolvency process | Business Standard Letters
This refers to the “Amendments in IBC to provide for mediation” (April 22). The government’s move to amend the Insolvency and Bankruptcy Code (IBC) by making provisions
A rise in demand for insolvency courses – The Hindu BusinessLine
The rise in instances of companies undergoing restructuring and resolution under the Insolvency and Bankruptcy Code seems to be driving the demand for insolvency professionals
Banks approve Rs 2,400-crore resolution plan for steel assets of Uttam Galva – The Economic Times
Lenders to the distressed steel assets of Uttam Value Steels and Uttam GalvaNSE -0.98 % Metallics on Sunday approved a Rs 2,400-crore resolution package in a staggered
For now, Jaypee lenders unlikely to entertain possible Adani bid – The Economic Times
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
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
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