Category: IBC-SEBI

Bankers are likely to consider a suggestion by the National Company Law Appellate Tribunal to increase the share of operational creditors in the proceeds from

By Saloni Shukla Deutsche Bank AG is setting up a unit in India to buy and reorganize soured debt as it seeks to profit from an unprecedented bad-loan

The banking sector has been reeling under stress for some time now, with non-performing assets (NPAs) steadily climbing, hurting the asset quality of banks. Even

Seven months after the first IL&FS entity defaulted on its dues and exposed major fault-lines in the functioning of this systemically important NBFC, the resolution

The National Company Law Appellate Tribunal (NCLAT) upheld the law while disallowing Essar’s challenge to the National Company Law Tribunal (NCLT)’s rejection of Essar’s offer

There is a growing concern that the Insolvency and Bankruptcy Code (IBC) has taken a bit too long in resolving cases of corporate indebtedness — much beyond the stipulated

The National Company Law Appellate Tribunal (NCLAT) told Essar Steel Asia Holdings (ESAH) to withdraw its appeal against the rejection of its Rs 54,389-crore offer for Essar

In a fresh setback to Anil Ambani, the NCLAT on Friday refused to direct India’s largest bank SBI to release income tax refund of Rs

One of the major reform initiatives of the outgoing government is the introduction of an effective bankruptcy process that—so far—has taken in only the private sector. Why not subject

After a long legal slugfest, the insolvency proceedings with respect to Essar Steel — first admitted under IBC over 580 days ago — made some

RCom has been asked by both the Supreme Court and the NCLAT to pay Rs 550 crore to Ericsson. The National Company Law Appellate Tribunal

Standard Chartered Bank, the third-largest secured financial creditor of Essar SteelNSE 0.00 %, has decided to file an appeal before the National Company Law Appellate Tribunal

The company has engaged with the lender in relation to the same, the filing added. Cash-strapped Jet Airways Monday defaulted on foreign loan repayment due

“You clapped with RCom and claimed that you would recover around Rs 37,000 crore from sale of assets to Reliance Jio…you had earlier cited losses

As the Jet Airways saga appears to be drawing to a close, it may be worthwhile to try and understand what went wrong. When did things slip

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