Category: IBC-SEBI

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

Shed a tear for Jet Airways, but there is no case for a torrent of sympathy for the airline grounded by protracted mismanagement. The only

Jet Airways’ temporary shutdown has significantly aggravated problems for the airline with potential investors asking lenders to take an upto-80% haircut on their Rs 8,500-crore

Jet Airways crisis: Why did banks delay work on a solution for so long? At the risk of sounding harsh, it must be said that

Even three weeks back, it might have been difficult to anticipate the spectacular unravelling of India’s second-biggest airline, Jet Airways. After all, lender-banks had finally

India is looking at a comprehensive review of the decade-old Limited Liability Partnership (LLP) framework including steep penalties for nonfiling of returns. The ministry of corporate

Government officials said lenders are discussing ways to revive the crisis-hit carrier and fresh funds are likely to be infused shortly. Mumbai/ New Delhi: Crisis

With more than Rs 10,000 crore of their lending at risk, lenders of Jet Airways have reportedly failed to reach a consensus over providing a

The Securities and Exchange Board of India’s (Sebi’s) new rule pertaining to reviewing the account of unlisted subsidiaries of listed entity could go a long

Banks’ recoveries from bankruptcy cases are on the decline as demand for sick companies under the Insolvency and Bankruptcy Code has waned. However, fears of losing their companies have

Kotak Mahindra BankNSE 0.91 % has approached the dedicated bankruptcy court against Ballarpur IndustriesNSE 1.89 % Ltd subsidiary – BILT Graphic Paper Products – for default of Rs 218 crore.

Bankruptcy Regulator chairperson MS Sahoo said that the Insolvency and Bankruptcy Board of India (IBBI) is working to provide an accountable and competent valuation professionals. The ministry of

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 88 debt-ridden companies under

The group owes about Rs 15,000 crore to its financial and operational creditors. The dedicated bankruptcy court has stayed its earlier order to allow the

Failing to get an emergency funding of Rs 400 crore from the lenders, cash-strapped Jet Airways suspended its total operations temporarily from Wednesday night. The

Cases under old companies act: Promoter too can seek revival during liquidation, says NCLAT The National Company Law Appellate Tribunal (NCLAT) has held that the