The power producers have argued that their projects suffered from time and cost overruns and lack of adequate power purchase agreements with distribution companies as
Category: IBC-SEBI
RBI: RBI’s still the headmaster of the class of defaulters – The Economic Times
Of course, there are power companies that are beyond revival because of inherent flaws and unviable funding structures. So much has happened, but so little
Videocon Group: Banks, others may lose over Rs 90,000 crore as Videocon sinks–Economic Times
The beleaguered VideoconNSE -1.96 % Group has admitted to stupendous outstandings to various lenders – public and private – amounting to over Rs 90,000 crore, making it
Employee rights under civil, labour laws; when can one file payment recovery case – The Financial Express
By Daizy Chawla, Harsimran Singh Rights of an employee are governed by the nature of employment as provided under varied laws and the contract of
NCLAT may ask ArcelorMittal to deposit Rs 42,000 cr bid amount for acquiring Essar Steel – The Financial Express
The bench also directed the operational creditors and financial creditors of Essar Steel to file a chart next week, detailing their claims approved by resolution
Govt to study the impact of SC ruling on bad loans cases – The Financial Express
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
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
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