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
Category: IBC-SEBI
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
Bad loans: SC has undermined RBI | Deccan Herald
The Supreme Court’s quashing of the February 12, 2018, circular of Reserve Bank of India (RBI) may be untenable in resolving contentious issue of stressed
SC ruling on bad loans is a bounty for 70 tycoons with $55 billion outstanding debt–The Print
Indian tycoons whose companies have fallen behind on loan repayments can breathe a bit easier now. The nation’s top court on Tuesday struck down a
Essar case shows Bankruptcy Code is another Indian law ruined by endless litigations–The Print
It is one of the tragedies of India that sooner than later, even the best of legislation is allowed to decay into irrelevance, thanks to
RBI Circular: In one fell swoop, SC punctures RBI’s efforts to tackle bad loans | RBI–Economic Times
SC quashes RBI rules for cos defaulting on loans In a move that may change the very basics of the India’s bankruptcy regime, the Supreme Court today
Banks can now refer defaulters to NCLT on case by case basis: Bankers – The Economic Times
With the Supreme Court nixing February 12 circular, the banks will now have discretion in taking the defaulting companies to NCLT under Insolvency and Bankruptcy Code (IBC), said experts. The Supreme
Legal fraternity divided over apex court order on NPA circular – The Economic Times
The ruling shows that how a questionable administrative decision can be immensely counterproductive. Mumbai-Legal experts have given mixed views on the Supreme Court judgement quashing the Reserve
RBI: Supreme Court strikes down RBI’s February 12 circular on defaulting firms, calls it illegal | RBI february 12 circular–Economic Times
Highlights The circular asked banks to either resolve or file for insolvency. Reference under IBC will be done on case specific basis and with authorisation