Srinivas said the relevant part of the RBI circular, which says that if the resolution does not take place within 180 days, banks have no
Category: IBC-SEBI
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
Income Tax Dept looking at IBC resolution cases for possible tax violations – NEWS – The Hindu BusinessLine
The Income Tax Department has sought details of the status and identification of creditors and debtors under the Insolvency and Bankruptcy Code (IBC) to investigate
‘PSB recapitalisation and resolution of stressed assets under IBC to improve bank credit offtake’ – MONEY & BANKING – The Hindu BusinessLine
Recapitalisation of public sector banks (PSBs), the ongoing improvement in their financials, and resolution of stressed assets under the Insolvency and Bankruptcy Code are expected
SC quashing Reserve Bank circular not to dilute the insolvency law, says government official – The Economic Times
The Supreme Court’s decision to quash the RBI circular on referring defaulting companies for insolvency proceedings does not in any manner dilute the Insolvency and Bankruptcy Code
CEA Subramanian on Feb 12 circular: Govt, RBI can fix issue; don’t think IBC needs changes – The Financial Express
Even as Supreme Court struck down RBI’s February 12 circular, Chief Economic Advisor (CEA) Krishnamurthy Subramanian said that the issue can be fixed as RBI and
SC order: Revised circular on resolution of bad loans soon, says RBI Governor – The Financial Express
Reserve Bank Governor Shaktikanta Das Thursday said the central bank will soon come out with revised circular for effective resolution of stressed assets in the
A blow to the IBC process? – The Financial Express
Macro factors today will always be adverse as commodity prices will be volatile, laws varying, business cycles more common, and geopolitical tensions around the corner.
RBI: Ruling may derail resolutions, open the way for more litigation – The Economic Times
The Supreme Court ruling voiding the Reserve Bank of India’s circular on treatment of defaults could affect the pace of corporate insolvency resolution and impact ongoing efforts
MSME sector: Current NPA norms are absurd, highly counterproductive: Animesh Saxena, FISME President – The Economic Times
Exporters find it very difficult to enter into forward contracts due to prevailing uncertainty over the fate of MEIS scheme. Employing 40% of country’s workforce,
Banks Still Can Trigger Bankruptcy–Economic Times
Banks still have the leeway to use the Insolvency and Bankruptcy Code (IBC) to resolve bad loans, even after the Supreme Court’s quashing of the
Pandora’s Box: Debt resolution has been thrown in disarray, restoring its vigour is vital for economy–Times of India
Alongside the Insolvency and Bankruptcy Code, the RBI circular of February 12, 2018, has been a very powerful weapon in the long fight against India’s
Analysts divided over Supreme Court order on NPA resolution – The Economic Times
Equity analysts Wednesday seemed divided on whether the Supreme Court striking down RBI bad assets resolution circular will be detrimental to the banking industry or
Analysts divided over Supreme Court order on NPA resolution – The Economic Times
Equity analysts Wednesday seemed divided on whether the Supreme Court striking down RBI bad assets resolution circular will be detrimental to the banking industry or
Have agreed to every condition laid down by Jet Airways’ lenders, says Naresh Goyal – The Financial Express
Against the backdrop of persisting concerns over the future of the ailing airline, Goyal said he has conscientiously taken some hard, personal decisions in extending
Setback for RBI | Business Standard Editorials
Central bank’s role in IBC must not be curtailed Prima facie, the Supreme Court’s judgment quashing the Reserve Bank of India’s (RBI’s) February 12, 2018,
Delayed cash flows and NPAs | Business Standard Column
Many of us in India become inured to a laxity in standards and to the implementation of laws. There may be good reasons for targeting
SC ruling on RBI’s February 12 circular will not impact IBC: Arun Jaitley – The Hindu BusinessLine
RBI will come out with fresh set of ideas for checks and balances, says Finance Minister Finance Minister Arun Jaitley feels the Supreme Court ruling
SC judgment may slow down pace of NPA reduction: Crisil – The Hindu BusinessLine
Crisil elaborated that stressed power assets in the private sector will get the biggest respite from the apex court judgment, as most of them were
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