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
Category: IBC-SEBI
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
Binani Cement case: Cementing the EXIM Bank stand – The Financial Express
By Debasish Mallick & Priti Thomas Recently, the NCLAT had dismissed the appeal of Rajputana Properties Private Ltd, originally declared as the highest bidder (H1),
Insolvency & Bankruptcy code: Govt looking at ways to avoid frivolous bids | Business Standard News
It is being considered whether criminal proceedings should be initiated against those not implementing resolution plans or should they be barred from bidding for other
Lessons from RCom mess: Exit of the weak boosts profits for the survivors | Business Standard Column
In his column in Business Standard on Saturday, T N Ninan showed the gloomy environment of private businessmen facing difficulties. There are major difficulties in the Indian arrangements of
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
Bad debts to break: Challenges, achievements of India’s insolvency law | Business Standard News
The January 25 Supreme Court judgment on the constitutional validity of India’s fledgling insolvency law in its “entirety” is a booster dose for the lenders
Govt must address group insolvency, runaway bidders issues: Industry – The Hindu BusinessLine
Corporate India expects the Government to take “adequate measures” to resolve issues around ‘Group Insolvency’, runaway and pseudo bidders so as to further strengthen the
IBC to play significant role in India becoming $ 10 trillion economy, says MCA – The Hindu BusinessLine
Insolvency and Bankruptcy code (IBC) will play a significant role in India realising its dream of evolving into a $ 10 trillion economy in foreseeable
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
aniltikotekar4sme.com 