In an explanation to the ongoing dispute on whether or not loan exposures to stressed infrastructure major IL&FS are to be classified as non-performing assets (NPA), the
Category: IBC-SEBI
Essar Steel’s operational creditors question CoC over discrimination | Business Standard News
Essar Steel’s operational creditors with claims of over Rs one crore Wednesday alleged that the committee of creditors of the debt-ridden firm has been “monopolised” by its financial lenders
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
India’s crony capitalism claims another victim | Business Standard News
The verdict is a serious blow to the central bank’s officials, who have been trying to tackle one of the world’s worst bad debt problems
IBC reforms: Govt invites views on group insolvency, pre-packs – The Hindu BusinessLine
The Ministry of Corporate Affairs (MCA) has invited stakeholder comments on the proposed insolvency law reforms such as group insolvency, pre-packaged insolvency resolution and other
M&A deals record 33% drop in Jan-March period – The Hindu BusinessLine
Deal volumes down by 7 per cent The M&A activities recorded a fall in the first quarter of 2019, with the January-March period posting a
Insolvency resolution framework for individuals set to be issued shortly | Business News, The Indian Express
The IBC requires that resolution should be done within 180 days and a grace period of 90-days could be accorded, bringing the maximum time to
‘Dues recovery is not aim of insolvency law’ – Times of India
Asserting that the insolvency law‘s objectives are reorganisation and resolution of a defaulting company, IBBI chairperson MS Sahoo said that if creditors recover their dues one after another
12,000 cases filed since implementation of insolvency law, setting up of NCLT, says official – Times of India
As many as 12,000 cases have been filed since the implementation of the insolvency law and setting of National Company Law Tribunal (NCLT), a senior government official said on
The Jet case: The bankruptcy code should have been invoked | editorials | Hindustan Times
Does India need two state-owned airlines? There’s only one answer to that question. It’s a one-word answer, a word that begins with N and ends
जेटची अधोगती – महाराष्ट्र टाइम्स
जेटची अधोगती देशातील पहिली यशस्वी खाजगी विमानसेवा आणि उत्कृष्टतेचा ब्रँड असलेली जेट एअरवेज सोमवारी शेवटच्या घटका मोजायला लागली. ही कंपनी दिवाळखोरीत जाण्याआधी त्याला वाचविण्याचे साकडे नॅशनल एव्हिएटर्स
Pre-packaged insolvency resolution: Govt seeks stakeholder comments – The Financial Express
Pre-packaged insolvency resolution: Govt seeks stakeholder comments The ministry of corporate affairs (MCA) on Tuesday invited comments from stakeholders on “pre-packaged” insolvency resolution and insolvency
Banks must flag bad loans as NPAs after 90-day default: RBI to NCLAT | Business Standard News
The Reserve Bank of India (RBI) on Tuesday told the National Company Law Appellate Tribunal (NCLAT) that banks had an obligation to mark bad loans as non-performing asset (NPA) after the
IBBI to conduct roadshow in Hong Kong to highlight opportunities in stressed assets – The Hindu BusinessLine
More participation from investors in stressed assets will make the resolution process more competitive – Sadeugra Continuing with its efforts to build awareness on investment
Gitanjali Gems headed for liquidation – The Hindu BusinessLine
The committee of creditors to Gitanjali Gems, promoted by fugutive Mehul Choksi, has decided to liquidate the company to recover ₹ 12,558 crore it owes
IBBI: IBC bolsters responsible lending, encourages debtors to avoid default: MS Sahoo, chairman IBBI – The Economic Times
Bankruptcy law has been able to bring a behavioural change, feels MS Sahoo, chairman of the Insolvency and Bankruptcy Board of India. In an interview with ET’s
RBI: RBI’s revised debt resolution rules likely post-election – The Economic Times
Highlights The Supreme Court on April 2 struck down a February 12, 2018 circular of the RBI. RBI is likely to adopt a more accommodative
Income tax dept coming after demonetisation cases, sets June 30 deadline for field officers – The Financial Express
CBDT has also set the deadline for filing of references before NCLT with respect to ‘struck off’ companies by June 30. The Central Board of Direct
Nearly 50% of claims worth Rs 1.42 lakh crore in 88 insolvency cases recovered by financial, operational creditors – The Financial Express
Nearly half of their total admitted claims worth over Rs 1.42 lakh crore have been recovered by financial and operational creditors from as many as
Money laundering law prevails over Bankruptcy Act, insolvency code, says Delhi High Court – The Financial Express
The Delhi High Court has held that the money laundering law, PMLA, prevails over the Bankruptcy Act and insolvency code when it comes to attachment of properties