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,
Category: IBC-SEBI
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
Power Finance Corporation: Five power producers prepare to oppose insolvency proceedings – The Economic Times
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
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
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