L&T Finance has exposure to six road SPVs and all of them are operational. Out of these six, four are annuity projects, where money comes
Category: IBC-SEBI
Bankruptcy law: Unable to pay up? Top bidder to face penalty under new rule of insolvency regulation–Economic Times
A new amendment to corporate insolvency regulation prescribing stringent punishment for successful resolution applicants who fail to make promised payments is likely to protect the new bankruptcy law from
RBI must challenge NCLAT attempt to cut its powers – The Financial Express
Around 45% of power sector debt —of over `2 lakh crore—has an interest cover of less than one; these are assets that don’t have gas
IBBI suggests ground rules for Resolution Professsionals, Committee of Creditors – The Hindu BusinessLine
The Insolvency and Bankruptcy Board of India (IBBI) has come up with a charter of responsibilities for Insolvency Resolution Professionals (IRPs) and Committee of Creditors
Poor prescription |(IL&FS)– Business Standard Editorials
The National Company Law Appellate Tribunal (NCLAT) has ruled that the debt of Infrastructure Leasing & Financial Services (IL&FS) and its group entities should not be declared non-performing assets
How to clean up the rating mess in India | Business Standard Column
A king loved walking on the streets but didn’t want his feet to get dirty. So, a hefty award was announced for the person who
IL&FS ignored risk assessment reports while extending loans: audit – The Hindu
A forensic audit report of IL&FS has found serious lapses in the manner in which huge loans were extended to certain entities even after internal
Central Bank puts Rs 3,300 cr NPA on auction – The Economic Times
Except Bombay Rayon, Alok Industries, Bhushan Steel & Power and Essar Steel are currently under NCLT process. Taking a cue from the SBINSE 1.45 %, the Central
Open offer exemption: No open offer exemption without IBC: Sebi – The Economic Times
The regulator’s move to deny such open offer exemptions will affect companies looking to restructure their debt. Companies and investors looking to buy firms, whose debt restructuring
Bankruptcy: Over Rs 2 lakh crore bad loans settled, says government official – The Economic Times
The recovery rate then was around 25 to 26 per cent. In the last two years, this has changed. Over Rs 2 lakh crore worth
Imperfect ruling on constitutionality of IBC | Business Standard Column
On January 25, 2019, the Supreme Court upheld the constitutionality of the Insolvency and Bankruptcy Code, 2016 (Code henceforth), in its entirety. The scheme of the Code,
IBC brings down NPAs, says top Govt official – The Hindu BusinessLine
There has been a reduction in the addition of fresh NPAs over the last two years due to the implementation of the Insolvency and Bankruptcy
Jet Airways founder Naresh Goyal agrees to step down as chairman: Source – The Economic Times
Naresh Goyal agrees to step down as chairman of Jet Airways Beleaguered Jet AirwaysNSE -0.36 %‘ Chairman Naresh Goyal has agreed to step down as the lenders gear
IL&FS sees management collusion, fraud in IFIN’s bad loans – The Economic Times
The government-appointed board of IL&FS is planning to initiate criminal proceedings against several defaulters of IL&FS Financial Services (IFIN), charging them of colluding with the
NCLT rejects Essar Steel’s operational creditors plea against Arcelor’s bid | Business Standard News
The National Company Law Tribunal (NCLT)-Ahmedabad on Thursday rejected debt-laden Essar Steel India’s (ESIL’s) operational creditors (OCs) plea against ArcelorMittal’s Rs 42,000-crore bid. It is seeking consideration of promoters Essar
‘Govt maintaining good distance from IBC pays rich rich dividends to banking system’ – The Hindu BusinessLine
Finance Minister Arun Jaitley, on Thursday, said the government’s conscious decision to keep distance from the Insolvency and Bankruptcy Code (IBC) process has paid rich
RCom-Ericsson case: Investors oppose Anil Ambani-led firm’s plea to use IT refunds to settle dues at NCLAT – The Financial Express
Financial creditors of the debt ridden Reliance Communications Wednesday opposed its plea to release the Income tax refunds to clear dues of Ericsson before the
No real boost – The Hindu BusinessLine
Giving in to hectic lobbying by real estate developers, the GST Council has make multiple tweaks to Goods and Services Tax for residential property, slashing
Insolvency process: Manoj Gaur offers to clear Jaypee Infra dues of Rs 8,358 crore – The Financial Express
In a last-ditch effort to regain control of the insolvent Jaypee Infratech (JIL), its erstwhile promoter Manoj Gaur has offered to clear dues of financial
Money pours back in: Rs 1.8 lakh crore NPA recovery expected in FY19 as big cases head towards closure – The Financial Express
According to estimates, the IBC has helped address stressed assets worth approximately Rs 3 lakh crore — directly or indirectly — since the new law
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