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
Category: IBC-SEBI
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
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
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