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
Category: IBC-SEBI
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
Let’s find a new way to deal with bad loans | Business Standard Column
The Reserve Bank of India (RBI) will issue a revised circular on stressed assets resolution in the wake of the nation’s apex court striking down the contentious
Govt throws a spanner in CA Institute’s plans of deferring a key auditing standard by two years – The Hindu BusinessLine
Users of financial statements of listed companies may get more out of auditor reports for 2018-19 onwards. This is because the Corporate Affairs Ministry (MCA)
Lenders having vested interest in debtor shouldn’t be part of creditors’ panel: NCLT – The Hindu BusinessLine
In a judgement of far-reaching implication in the insolvency and resolution process, the National Company Law Tribunal’s (NCLT) Chennai Bench has held that a party
IL&FS crisis: Marquee MNC names trapped in IL&FS bond squeeze – The Economic Times
Many of these companies have multiple exposure, for instance, Otis has several entries with different amounts varying from Rs 55 lakh to Rs 1 to
RBI Feb 12 circular: Why IBA wants ‘one-day default’ rule scrapped – The Financial Express
By Mitali Salian Banks have suggested the ‘one-day default’ rule be done away with recommending instead they be given 30 days post a default to
Essar Steel insolvency case: SC stops ArcelorMittal’s Rs 42,000 crore payment bid – The Financial Express
The appellate tribunal on March 18 had refused to stay the NCLT’s order approving ArcelorMittal’s bid to take over Essar Steel. The Supreme Court on
Our bankruptcy code is world-class – The Hindu BusinessLine
The endeavour of every nation is to continuously improve business regulation to make it easier to do business. The World Bank conducts an annual examination
India’s bankruptcy delays lift bidders’ funding tab: JSW Steel – The Hindu BusinessLine
Delays in the sale of assets under India’s bankruptcy law are becoming a key challenge for bidders who cannot wait indefinitely because of funding constraints,
Anil Ambani: What if you go broke like Vijay Mallya? Personal bankruptcy decoded
Did you know you can file for bankruptcy if your debt exceeds Rs 500? Yes, you heard it right. Under current laws, an insolvency petition
Anti Consumer fine on car makers: Carmakers can now take CCI to NCLT over landmark Rs 2,544-cr anti-consumer fine
It was in August 2014 that the CCI had imposed the combined penalty on 14 carmakers for indulging in unfair practices in the spare parts
Etihad submits EoI for crisis-hit Jet Airways, Naresh Goyal may follow suit | Business Standard News
Abu Dhabi-based Etihad Airways has submitted an expression of interest (EoI) to buy a stake in Jet Airways within weeks of wanting to exit the venture completely. Etihad holds a 24 per cent
The return of Naresh Goyal? – The Hindu BusinessLine
Jet Airways has been put up for sale by its lenders. The extended deadline to submit expressions of interest ends today. The earlier deadline was
IBC: View: How to ringfence the IBC–Economic Times
By Amitabh Kant and Richa Roy Last week, the Supreme Court struck down as ultra vires — acting or beyond one’s legal authority — the February 12,
Supreme Court ruling does not disturb creditors’ rights to insolvency proceedings, says Sahoo – The Economic Times
The Supreme Court‘s judgement on the RBI circular does not disturb the rights of creditors to insolvency proceedings and would bring in behavioural changes, making creditors
Vital suggestions to strengthen IBC–Economic Times
A column in this newspaper by Amitabh Kant, CEO, NITI Aayog, and Richa Roy, a lawyer, rightly underscored the need to strengthen the working of
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