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.
Category: IBC-SEBI
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
Govt explores pre-packaged bankruptcy plan to fast track insolvency process | Business Standard News
The feasibility of implementing a ‘pre-packaged’ bankruptcy scheme, prevalent in the US, is under consideration, it is learnt. The move is meant to strengthen the
Bankruptcy code: NCLT can’t evaluate CoC decision on resolution plan, says SC – The Financial Express
The appellate tribunal had also reversed the decision of the NCLT, Hyderabad, which had approved its resolution plan related to Hyderabad-based Kamineni Steel & Power
Bhushan Power lenders likely to reject Sanjay Singal’s last-minute offer – The Financial Express
Lenders to Bhushan Power and Steel (BPSL) are likely to reject the last-minute offer made by the debt-ridden firm’s erstwhile owner Sanjay Singal of repaying
Banks being penalized by RBI for lapses in monitoring of end use of funds–Anil Tikotekar
I was happily surprised to know today that RBI has imposed penalty on bank for not monitoring end use of funds. I refer to the
External borrowings for IBC bids welcome–Economic Times
It is noteworthy that RBI has given the go-ahead to raise external commercial borrowings (ECB) to bid for assets under resolution as per the Insolvency
Parsvnath Developers: NCLT closes insolvency proceedings against Parsvnath Landmark–Economic Times
The tribunal has also directed the interim resolution professional appointed for Parsvnath Landmark to not “conduct any proceedings”. The National Company Law Tribunal has closed the insolvency
EDITORIAL | Jobs: Modi’s Mudra mess | Deccan Herald
Mudra loan Faced with a crisis of jobs, Prime Minister Narendra Modi and his government continue to talk up Mudra loans and claim that it
India’s shadow banks dread builder bankruptcies – The Economic Times
By Andy Mukherjee Just a year ago, India’s third-largest mortgage lender was bragging about how it had shrunk its financing costs by replacing bank loans
Essel expects to raise over ₹20,000 crore from infra asset sale – The Hindu BusinessLine
In talks with suitors to sell solar, road assets Subhash Chandra’s Essel Group expects to raise over ₹20,000 crore by selling its infrastructure business, comprising
bad loans: Banks yet to tag Rs 3.5 lakh crore stressed corporate loans as NPAs: Report – The Economic Times
Around Rs 3.5 lakh crore or 3.9 percent of the stressed corporate loans continue to remain unrecognised on the books of banks and nearly 40 percent of
Banks may have to shell out another up to $5.6 billion for bad debt – India Ratings – The Financial Express
The Indian banking sector has been under massive stress in the last few years as lenders have struggled with about 0 billion of bad loans
Insolvency and Bankruptcy Code: Govt submits resolution plan for IL&FS, suggests name of Justice D K Jain to supervise process – The Economic Times
The government Monday submitted the debt resolution plan for crisis-hit IL&FS to the NCLAT and also suggested the name of retired Supreme Court judge Justice D K Jain to
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