After the Supreme Court quashed an RBI circular on the provisions for declaring a company bankrupt even on a one-day overdue, Finance Minister Arun Jaitley Tuesday expressed confidence that the central
Category: IBC-SEBI
Court Fire-Bombs Banking Discipline–Economic Times
The Supreme Court’s ruling quashing the RBI’s February 12 circular is unfortunate. It is a setback for banking and the resolution of bad loans. Indian
RBI: ET view: Huge blow to the bankruptcy code–Economic Times
The Supreme Court has erred in quashing the controversial February 12 RBI circular that imposed stringent conditions on lenders on loan repayments. It was meant to make
SC’s move on RBI’s Feb 12 circular may pose fresh trouble for banks; Moody’s explains how – The Financial Express
Supreme Court’s verdict declaring RBI’s February 12 circular as unconstitutional is credit negative for the banks, said a global rating agency. Following this setback to the
SC order on RBI circular doesn’t take away our right to go to NCLTs: Banks | Business Standard News
Bankers have opined that the Supreme Court quashing the February 12 circular on NPA recognition does not dilute credit discipline and that they will continue the resolution
SC order on RBI circular negative for banks, may defer debt resolution | Business Standard News
Ratings agencies and industry analysts have said the Supreme Court striking down the February 12 RBI circular on loan defaults as credit negative for banks as the debt resolution process may have to be started
SC order raises questions on the way Banking Regulation Act empowered RBI | Business Standard Column
The Supreme Court (SC) order quashing the circular of the Reserve Bank of India (RBI) issued on February 12, 2018, may have given relief to
Setback for RBI | Business Standard Editorials
Prima facie, the Supreme Court’s judgment quashing the Reserve Bank of India’s (RBI’s) February 12, 2018, circular, mandating banks to recognise one-day defaults and invoke
SC order on insolvency circular is a blow but war on bad loans to continue | Business Standard Column
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
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,