Insolvency and Bankruptcy code (IBC) will play a significant role in India realising its dream of evolving into a $ 10 trillion economy in foreseeable
Category: IBC-SEBI
KAM reporting to improve audit quality of listed companies: Jamil Khatri | Business Standard Column
Jamil Khatri Audit report of listed companies in the current financial year (FY19) will for the first time contain a section called Key Audit Matters (KAM). In
For corporate India, closer scrutiny of financial numbers comes at a cost | Business Standard Column
In a recent survey conducted by international law firm Baker McKenzie involving 100 Indian C-suite executives, compliance and regulatory scrutiny were identified as the biggest macroeconomic challenge
Vedanta arbitration to liquor tender, here’re last week’s key court orders | Business Standard Column
MMTC loses arbitration case against Vedanta MMTC lost its case against Vedanta Ltd for the fourth time when the Supreme Court last week dismissed its challenge to the award
No NPA tag for IL&FS accounts without our nod, says NCLAT – The Hindu BusinessLine
No bank or financial institution can declare the accounts of debt-ridden IL&FS and its group companies as non-performing assets without the NCLAT’s permission, the appellate
All you wanted to know about… – OPINION – The Hindu BusinessLine
In recent weeks, stock market investors have been hit by sharp swings in prices after news of high promoter pledging, sale of pledged shares by
NBFC: Reserve Bank of India seeks info from NBFCs on moratorium given to borrowers–Economic Times
Amid a controversy on loans against shares, the Reserve Bank of India has asked non-banking finance companies (NBFCs) to disclose the moratorium or grace period given to borrowers. Besides
Anil Ambani’s big service to India–Economic Times
They also serve who stand and get clobbered, if they happen to be a powerful industrialist like Anil Ambani. The Supreme Court order asking Anil
ERA Infra bankruptcy: Lenders may consider ‘stalking horse’ bidding – The Financial Express
By Mitali Salian Lenders to Era Infra Engineering are hoping to put a floor price while inviting bids for the company, its joint ventures and
IBC reigns supreme over other civil laws, says Delhi High Court | Business Standard News
The Delhi High Court on Friday upheld the supremacy of Insolvency and Bankruptcy Code (IBC) over other civil laws such as those of contracts and
Jet Airways: Lessors doubt Jet Airways rescue plan, pull out more planes: Sources–Economic Times
International lessors have grounded more Jet AirwaysNSE 0.71 % planes prior to potentially moving them out of India, as scepticism builds whether a state-led bailout of the
DHFL crisis: Dewan Housing Finance crisis hits home with full force, promoters eye a cash-out–Economic Times
The promoters of Dewan Housing Finance Corp Ltd (DHFLNSE 5.22 %), gripped by a liquidity crisis amid allegations of financial irregularities, have mandated Barclays Group Plc and
Pledged shares and real estate loans are worrying – The Financial Express
Pledged shares and real estate loans are worrying The somewhat reckless lending by NBFCs to promoters against shares of their companies is bound to take
Jet Airways bailout puts focus on India banks’ debt-to-equity losses – The Economic Times
By Rahul Satija From cloth makers to shipyards, Indian banks are getting stuck with shares of companies that are rapidly losing value even as the
IL&FS case| IL&FS probe: ED registers money laundering case, raids underway in Mumbai, Gurgaon–Economic Times
The Enforcement Directorate (ED) has registered a money laundering case in the matter concerning alleged financial irregularities in Infrastructure Leasing and Financial Services (IL&FS) Ltd. Raids are underway in Mumbai and Gurugram, atleast
Soft on promoters, still | Business Standard Editorials
Jet Airways is selling a majority stake to its lenders for Rs 1, under a complicated arrangement that is on track to be put on
Individual Insolvency Code may soon be a reality – The Economic Times
Failure to repay home loans might drag future defaulters to dedicated bankruptcy courts as New Delhi is seeking to put in place a broad framework
home prices: Homebuyers as financial creditors: Developers’ default risks spike – The Economic Times
Treating home-buyers as financial creditors under the bankruptcy law has increased the default risks for developers with delayed projects, warns a report. Last August, Parliament had passed
Disciplinary Action against IRP / RP–2–Source IBBI website
Order- Mr. Vasudeo Agarwal- 07-01-2019 4.1 Contravention: Mr. Agarwal did not proceed expeditiously even though he knew that the CIRP period was ending on 27th February,
Disciplinary Action against IRP / RP–1–Source IBBI website
Order-dated 28.01.2019- Mr. Sandeep Kumar Kejriwal Contraventions and Findings 4. The DC observes that both the CIRPs are strikingly similar. Both CDs belong to the