Given the differences in opinions between NCLT benches, the law has also clarified that late bids will not be entertained. With the Supreme Court upholding
Category: IBC-SEBI
Why the drag in Essar Steel insolvency case makes lenders jittery | Business Standard News
With State Bank of India (SBI) putting its entire loan exposure in Essar Steel — the company involved in one of the largest insolvency cases
NCLT turns down prayer for revival of Adhunik Metaliks insolvency process | Business Standard News
National Company Law Tribunal’s (NCLT’s) Kolkata Bench has turned down a prayer from the committee of creditors (CoC) of Adhunik Metaliks to pass an interim order to
NCLAT: SC directs Centre to set up circuit benches in 6 months – The Hindu BusinessLine
The Supreme Court has directed the Centre to set up ‘circuit benches’ for the National Company Law Appellate Tribunal (NCLAT) in the next six months.
Performance security a must for corporate resolution, says IBBI – The Hindu BusinessLine
The Insolvency and Bankruptcy Board of India (IBBI) has mandated resolution applicants to furnish performance security in corporate insolvency process. This has been stipulated to
NCLT restrains use of brand, trademarks of Servomax India – The Economic Times
The National Company Law Tribunal (NCLT), in a first, has passed orders restraining others from using the brand name and trademarks of a corporate debtor
Bank defaulters cannot get away for long: Arun Jaitley – The Economic Times
Welcoming the Supreme Court decision to uphold the validity of the Insolvency and Bankruptcy Code (IBC), Union minister Arun Jaitley Friday warned that defaulters cannot get away for long.
bankruptcy law: Supreme Court upholds insolvency law in entirety–Economic Times
The Supreme Court on Friday upheld the constitutional validity of the Insolvency and Bankruptcy Code (IBC). The law, which was passed in 2016, prevents founders from regaining control of
Consolidate all 14 group subsidiaries as single financial entity: Videocon to NCLT – The Economic Times
In a first since the bankruptcy law was enacted, the lenders and resolution professionals for Videocon IndustriesNSE 1.72 % and Videocon Telecommunications Friday approached the NCLT seeking a direction
Money to Videocon for refinancing its loans also against bank’s policy – The Economic Times
Videocon group companies were given loans totalling Rs 1,875 crore, which turned non-performing assets (NPAs), after Chanda Kochhar took charge of the bank as MD and CEO on
Insolvency and Bankruptcy Code passes Supreme Court test; setback to defaulters – The Financial Express
Supreme Court on Friday upheld the Insolvency & Bankruptcy Code’s constitutional validity in its ‘entirety’, and rejected petitions challenging the bankruptcy laws, in a major
Ready to acquire Adhunik Metaliks, Maharashtra Seamless tells lenders – The Financial Express
Lenders to bankrupt Adhunik Metaliks (AML) on Thursday filed appeals before the Kolkata bench of the National Company Law Tribunal (NCLT) for providing additional time
PNB drags Binani to NCLT as subsidiary Edayar Zinc fails to repay loan – The Financial Express
In a major development, state-run lender Punjab National Bank has dragged Binani Industries to the National Company Law Tribunal (NCLT) as its subsidiary Edayar Zinc
Rera panel members bat for builders – The Economic Times
Intense lobbying has started within a government-appointed panel to bar homebuyers — under the guise of “removing difficulties” for effective enforcement of the real estate regulation law, RERA —
Upholding IBC tenets, apex court says promoters can’t bid for stressed assets – The Hindu BusinessLine
The Supreme Court on Friday upheld all the contentious provisions of the Insolvency and Bankruptcy Code (IBC) and reaffirmed the spirit of the law to
Performance security a must for corporate resolution, says IBBI – The Hindu BusinessLine
The Insolvency and Bankruptcy Board of India (IBBI) has mandated resolution applicants to furnish performance security in corporate insolvency process. This has been stipulated to
GAIL moves NCLT opposing Alok Industries resolution plan – The Economic Times
Gail India has filed an application before the National Company Law Tribunal, opposing a resolution plan that Reliance IndustriesNSE 1.72 % has proposed in partnership with JM Financial
Jaypee Infratech lenders extend deadline till February 15 for resolution plans – The Economic Times
Financial creditors and home buyers of Jaypee Infratech have extended the deadline till February 15 for shortlisted bidders to submit proposals to revive the debt-ridden
Stumbling blocks in the IBC process – The Hindu BusinessLine
It was billed as one of Modi government’s biggest achievements. But two years after the Insolvency and Bankruptcy Code (IBC) came into force, the action
NCLAT may look in issue of frivolous bids under CIRP – The Economic Times
NCLAT’s observation came during the hearing of ARGL Ltd, a subsidiary of debt ridden auto components maker Amtek, where UK-based Liberty House has emerged as