At the risk of being in contempt of court, I would love to say that Tuesday’s Supreme Court judgment in military parlance is akin to
Category: IBC-SEBI
Will banks act proactively to deal with stressed assets or kick the can down the road? – The Hindu BusinessLine
The sword of Damocles hanging over banks’ heads has been done away with, thanks to the Supreme Court’s ruling that has struck down the RBI’s
A huge setback – The Hindu BusinessLine
By quashing the RBI circular on resolution under IBC, SC has complicated the NPA mess By striking down the RBI’s February 2018 circular that mandated
Rating agencies see further delay in resolution process of stressed assets – The Hindu BusinessLine
But genuine borrowers now have more time for resolution The resolution of stressed loans where lenders’ aggregate exposure is ₹2,000 crore or more could get
| संहिता सैलावणार | बँकातील अनुत्पादित खाती लोकसत्ता
सर्वोच्च न्यायालयाचा निर्णय एका अर्थी योग्यच; परंतु आपल्याकडे बँकांना असलेल्या स्वातंत्र्याची मर्यादा लक्षात घेता त्याच्या परिणामकारकतेची खात्री नाही.. बुडीत कर्जे मार्गी लावण्यासाठी सहा महिन्यांत उद्योग
In the interest of economy, CoC must rescue only viable firms – The Financial Express
By MS Sahoo In its long title, the Insolvency and Bankruptcy Code, 2016, specifies its objectives. It is reorganisation and insolvency resolution (reorganisation) of certain
Operational creditors face Shakespearean dilemma in Essar Steel insolvency | Business Standard Column
The operational creditors of steel companies face a Shakespearean dilemma. Though they wish to speak out against the problems at hand due to delayed payments
Rough flight ahead for Jet as legal worries loom large over revival plan | Business Standard Column
The clock ticks on the bank-led corporate restructuring exercise at Jet Airways. However, legal uncertainties that involve prospective investors, the employees and the operational creditors could make
IBC takes 300 days, BIFR took 5-8 yrs: IBBI chairman M S Sahoo | Business Standard News
The entire process of debt resolution under Corporate Insolvency Resolution Process (CIRP) takes nearly 300 days compared to 5-8 year time taken under the process prescribed by
Insolvency law’s objective is reorganisation of defaulting firms, not recovery of dues: Sahoo – The Hindu BusinessLine
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
NCLAT seeks dues details from IL&FS – The Economic Times
The National Company Law Appellate Tribunal (NCLAT) has directed IL&FS to provide the details of the dues at 13 of its group companies and those
CEA Subramanian counters Raghuram Rajan on GDP data: Controversy baseless; growth best since liberalisation – The Financial Express
He said that GST and Insolvency and Bankruptcy Code (IBC) were transformational reforms by the current government. Responding to the doubts raised by former RBI Governor Raghuram Rajan,
Banks face higher provisions on resolution delays to big-ticket NCLT cases | Business Standard News
Four big-ticket National Company Law Tribunal (NCLT) cases — Essar Steel, Bhushan Power and Steel, Jaypee Infratech, and Alok Industries — will see their resolution
Debtors need to honour contracts, says chief economic advisor – The Economic Times
If the country has to be disruptor to occupy its place among other developed countries, it has to follow a culture of ensuring debtors honour
‘IBC changed India Inc’s view on default’ – Chief Economic Advisor–The Hindu BusinessLine
CEA Subramanian says firms now want to settle fearing loss of control over biz “Before the Bankruptcy Code, lot of businesses were playing coin toss
RCom against closing insolvency plea, Ericsson wants it withdrawn – The Economic Times
The RCom-Ericsson spat continued in the Supreme Court with the Swedish company insisting it should be allowed to close insolvency proceedings initiated against RCom in
NCLT clears Sharad Sanghi’s revised resolution proposal for Jyoti Structures – The Economic Times
Dedicated bankruptcy court National Company Law Tribunal (NCLT) approved a resolution plan for debt-laden Jyoti StructuresNSE 2.86 % for Rs 3,965 crore with about 45% haircut. A group of
No stay on funds distribution at Essar Steel – The Economic Times
The National Company Law Appellate Tribunal has directed Essar Steel’s resolution professional to call a meeting of the Committee of Creditors and work out the
Usha Ananthasubramanian: Ex-PNB CEO aproaches NCLAT in Nirav Modi fraud case – The Economic Times
Former MD and CEO of Punjab National BankNSE 0.97 % (PNB) Usha Ananthasubramanian has challenged the January 31 order of the National Company Law Appellate Tribunal‘s (NCLAT) Mumbai Bench that made her
Bank of India: NCLT admits Bank of India’s insolvency plea against Shrenuj & Co
Shrenuj & Co, the century-old diamond house that had the late Maharani Gayatri Devi of Jaipur as its brand ambassador during its heydays, has been admitted into