The amended ECB framework is welcome, but there are some ambiguities that must be addressed quickly Since the Insolvency and the Bankruptcy Code was promulgated
Category: IBC-SEBI
Bafna Pharmaceuticals Ltd. -CIRP – The Hindu BusinessLine
This is in continuation of our earlier intimation dated 05th February 2019 regarding resolution plan which was approved by NCLT, Chennai vide its order dated
Stone India Ltd. – Outcome of Board Meeting – The Hindu BusinessLine
The Board of Directors of the Company at their meeting held on 14.02.20199 has taken a note on the current state of affairs of the
Banks have ₹20,000-cr exposure to IL&FS – The Hindu BusinessLine
Most banks may see one-off pain in Q4, according to experts Surabhi Banks have reported an exposure of nearly ₹20,000 crore to debt-ridden Infrastructure Leasing
RCom to repay NCD holders only via NCLT – The Economic Times
The Anil Ambani-led operator, which is under a debt of about Rs 40,000 crore, filed for bankruptcy protection in a dedicated court as it’s been
Jet Airways Q3 Result: Jet Airways posts Rs 588 crore Q3 loss, board okays debt resolution plan – The Economic Times
The recast includes conversion of lenders’ debt into shares. The draft resolution plan, which puts funding gap at Rs 8,500 crore, primarily consists of infusion
Transparency please! – [ Issue of sale of pledged shares ] The Hindu BusinessLine
The recent allegation by the Anil Ambani-led Reliance group that the sale of pledged shares of group companies by two leading finance companies was illegal
PNB to e-auction 4,000 properties to recover loans – The Economic Times
Recently, the state-owned lender reported a net profit of Rs 247 crore for the third quarter ending December 2018 over the Rs 230 crore profit
NCLAT adjourns Anil Ambani’s RCom’s insolvency plea to 6 March – The Financial Express
The tribunal had directed RCom and its subsidiaries to pay Rs 550 crore to Ericsson India in 120 days, failing which it will direct insolvency
As Essar Steel saga goes on, up to judiciary to ensure that banks get money back soon – The Financial Express
As Essar Steel saga goes on, up to judiciary to ensure that banks get money back soon The Supreme Court (SC) has done well to
Essar Steel insolvency case: SC clears decks for ArcelorMittal’s bid | Business Standard News
The Supreme Court (SC) on Monday dismissed a plea by 28 operational creditors of Essar Steel seeking to be heard by the National Company Law Tribunal (NCLT)
IBC–Essar Steel: Ruias want in at CoC meetings – The Hindu BusinessLine
Raising fresh objections to the approval given by the Committee of Creditors (CoC) to ArcelorMittal’s resolution plan for the stressed Essar Steel India Ltd (ESIL),
Welcome Measures for the bond market–Economic Times
The Reserve Bank of India has announced welcome measures to boost the corporate bond market along with those for currency derivatives and interest rate futures.
SC clears hurdle for Essar case, rejects pleas by operational creditors | Business Standard News
The Supreme Court (SC) on Monday dismissed a plea by 28 operational creditors of Essar Steel seeking to be heard by the National Company Law Tribunal (NCLT)
IBC 2016–Infrastructure, not finance | Business Standard Editorials
The Reserve Bank of India (RBI) has allowed bidders for stressed assets under the Insolvency and Bankruptcy Code (IBC) to raise funds abroad. The RBI relaxed the end-use restrictions for
Should there be different IBC resolution mechanisms for different sectors? | Business Standard Column
Should there be different insolvency resolution mechanisms for different sectors? This question has been asked on several fora, including the Supreme Court, in light of
From insolvency law to tax on motor spare parts, here are key court orders | Business Standard Column
Ironing out creases in insolvency law Complex issues arising from insolvency proceedings have resulted in a series of judgments by the Supreme Court in recent weeks. In
Special MSME package can help 7 cr accounts, Rs 1 L cr loans: Fin secy – The Economic Times
He said 7 lakh MSME units need restructuring. The Reserve Banks restructuring package for small businesses announced last month will help recast Rs 1 lakh
NPA overhang may go in first half of next year: SBI – The Hindu BusinessLine
The State Bank of India expects the NPA overhang in the banking sector to “dissipate in the first half of 2019-20,” said the bank’s Managing
Apex court declines to use powers to reverse liquidation orders – The Hindu BusinessLine
NCLT cannot evaluate CoC’s commercial decision The Supreme Court has declined to use its powers relegated under Article 142 to revoke the liquidation order pronounced
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