Category: IBC-SEBI

The Securities and Exchange Board of India (Sebi) has tightened the norms for open offer exemptions in cases of debt restructuring. Only lenders such as banks and financial

Ruchir Sinha, head of the PE and M&A practice at Nishith Desai Associates, and Mohammad Kamran, a senior member of the firm’s international litigation and dispute

The National Company Law Appellate Tribunal (NCLAT) on Friday allowed the withdrawal of UK-based Liberty House bid for ARGL on the plea of resolution professional of the debt-ridden company.

The Insolvency and bankruptcy Board of India (IBBI) Saturday said both operational and financial creditors have benefitted alike from resolutions under the IBC. IBBI chairman M S Sahoo

Earlier, NCLAT had directed the NCLT Ahmedabad bench to take a decision on the resolution plan submitted by ArcelorMittal by March 8. Finally, global steel

The government has approved establishment of two new benches of National Company Law Tribunal (NCLT), one at Amaravati in Andhra Pradesh and the other at Indore in Madhya Pradesh.

Earlier, on February 4 the NCLAT had dismissed the plea of Tata Steel and upheld lenders’ decision to approve resolution plan of JSW Steel for

Mukesh Ambani’s bid to buy Alok Industries gets NCLT green light; RIL-JM Financial Rs 5050 cr-bid okayed Mukesh Ambani’s plan to buy out Alok Industries

ArcelorMittal got a major boost on Friday in its bid to acquire bankrupt Essar Steel, with the National Company Law Tribunal approving the Rs 42,000-crore

The Committee of Creditors (CoC) of Jaypee Infratech (JIL) will form a core group of its members, who will hold deliberations with resolution applicants —

In a bid to keep out errant and wilful defaulters from buying back stressed assets, Section 29A was inserted into the Code (Insolvency and Bankruptcy

Jet is no Emirates and India no Dubai or Singapore. This stopgap band-aid bankrolling planned for Jet will hardly set the tarmac on fire. How

Lenders have recovered about half the defaulting advances of Rs 1.43 lakh crore stuck in 82 cases that have been resolved so far in the

The government has allowed trustees, estate administrators, persons authorised by a company’s board of directors etc toinitiate corporate insolvency resolution process (CIRP) against a corporate

The Ahmedabad bench of National Company Law Tribunal (NCLT) on Tuesday issued a notice to Essar Power after L&T Infrastructure Finance Company approached it to

A forum of operational creditors with over Rs 1 crore in admitted dues from Essar Steel has appealed to ArcelorMittal which is in the process of acquiring the debt-ridden

Tasked with cleaning up of mammoth financial mess at embattled IL&FS, its government-appointed board has charged 14 former directors of group firm IL&FS Financial Services Ltd (IFIN)