According to RBI’s February 12 circular, credit facilities of borrowing entities may be upgraded as ‘standard’ (from NPA) after a change in ownership is implemented.
Category: IBC-SEBI
Jet buoyant, minus the Goyal baggage–Economic Times
The UPA government did a good job of salvaging Satyam, after it went into a tailspin following its founder’s stunning revelation of fraud. Now, it
jet airways: Jet staff wants representation in new mgmt, writes to SBI chief – The Economic Times
Jet AirwaysNSE 12.41 % staff and officers body Monday sought representation in the interim management committee which will oversee the functioning of the airline under the banks-led management. The committee
Government moves NCLT seeking immunity for IL&FS board members – The Economic Times
The government Monday filed an application with the National Company Law Tribunal (NCLT) here, seeking immunity for the newly-appointed directors of the subsidiaries of the crippled IL&FS
‘Over 12,000 cases filed after implementation of IBC, setting up of NCLT’ – The Hindu BusinessLine
As many as 12,000 cases have been filed since the implementation of the Insolvency and Bankruptcy Code (IBC) and setting up of the National Company
Working class employees left in the lurch at IL&FS resolution – The Economic Times
The NCLAT has received intervening petitions from nearly 100 creditors, seeking redress in the proposed IL&FS Resolution Plan that was submitted by the government. The
NCLAT sets aside Jyoti Structures liquidation, asks considering Rs 4,000 cr plan by Sanghi, others – The Economic Times
The National Company Law Appellate Tribunal (NCLAT) has set aside the order to liquidate Jyoti Structure and asked the Mumbai bench of NCLT to consider
Banks and bankruptcies – The Hindu BusinessLine
The decision by Jet Airways’ lenders to infuse ₹1,500 crore into the beleaguered carrier gives stakeholders a breather to explore turnaround options. However, the introduction
| जेट जाउ द्या मरणालागुनि.. | लोकसत्ता
दिवाळखोरी संहितेसारखे महत्त्वाचे पाऊल उचलणारे सरकारच जेटसारख्या खासगी कंपनीला वाचवण्याचा आटापिटा करते, ही धोरणशून्यताच नव्हे काय? तलवारीच्या जोरावर जगणाऱ्यांचा अंत तलवारीनेच होतो, असे म्हटले जाते.
jet airways: It’s a bad move! Don’t make banks buy Jet Airways – The Economic Times
Does it make sense for the Tata group to buy Jet now? It probably does. Business historians and management gurus will for a long time
Crisis-hit Jet Airways’ lenders struggle for consensus on revival plan | Business Standard News
The lenders to Jet Airways are yet to come to an agreement on firming up a rescue package for the airline, which is left with a skeleton
Crisis-hit Jet Airways’ lenders struggle for consensus on revival plan | Business Standard News
The lenders to Jet Airways are yet to come to an agreement on firming up a rescue package for the airline, which is left with a skeleton
Pay up, make peace: Promoters make one-time settlements with banks on loans | Business Standard News
With rising litigation over insolvency cases, banks are increasingly opting for loan settlement offers from defaulting firms under Section 12A of the Insolvency and Bankruptcy
Bank employees oppose lenders’ plan to take control of ailing Jet Airways | Business Standard News
Bank employees on Thursday opposed the move by a consortium of lenders, led by State Bank of India (SBI), to take control of cash-strapped Jet Airways and infuse additional Rs
Jet’s new flight path | Business Standard Editorials
Lenders to Jet Airways have finally decided to act tough by asking promoter Naresh Goyal and three of his nominees to step down from the
SBI asks Goyal, 3 others to step down from Jet board – The Economic Times
State Bank of India asked Jet AirwaysNSE -4.67 % chairman Naresh Goyal and three fellow directors to step down from the board of the airline as it edged closer
Banks to take control of Jet Airways cockpit; lenders to infuse Rs 1,200 cr | Business Standard News
Lenders of Jet Airways are likely to take management control of the airline by superseding the current board, it is learnt. A consortium of lenders, led by State
Outstanding listing fee can’t be recovered under IBC, rules NCLT – The Hindu BusinessLine
Ruling that the National Company Law Tribunal (NCLT) is not the right forum to initiate recovery proceedings for non-payment of ‘annual listing fees,’ the tribunal’s
IBC: NeSL ‘gives creditors’ access to data real time – The Hindu BusinessLine
In a bid to facilitate a time-bound and cost-effective resolution under the Insolvency and Bankruptcy Code, National E-Governance Services Ltd (NeSL), India’s first Information Utility
Essar Steel: NCLAT directs Essar Steel to call CoC meeting to reconsider distribution of funds–Economic Times
Operational creditors, under the plan, would get just Rs 214 crore against the outstanding of Rs 4,976 crore. The NCLAT Wednesday asked the resolution professional