he SC ruling will prove to be huge for the economy and it will be good for the banking system as it allows them not
Category: IBC-SEBI
Amid delayed insolvency process, Cantor, SC Lowy eye India’s bad loans | Business Standard News
Many global funds have pushed for India to resolve its bankruptcy cases faster, but some investors are finding opportunities in the delays. As Indian lenders
How litigation shackled bankruptcy reform and forced fire-sale of bad loans | Business Standard News
When India introduced new bankruptcy resolution rules in 2016, government officials and investors said they expected debt-burdened state-owned banks to clear up some of their
Number of cases withdrawn under Sec 12A of IBC sees a spike in Q3 FY19 | Business Standard News
An amendment in the Insolvency and Bankruptcy Code (IBC) last year to insert Section 12A which allowed withdrawal of cases admitted to the National Company
A resounding nod | –Insolvency Law–Business Standard Editorials
On Friday, a two-judge Bench of the Supreme Court cleared the path for the untrammelled functioning of the Insolvency and Bankruptcy Code (IBC). The IBC was enacted in 2016, replacing a host
Jet Airways to seek shareholders’ nod to convert debt into equity – The Hindu BusinessLine
In a clear indication that lenders are set to get a larger say in the running of debt-laden Jet Airways, the airline on Monday said
Insolvency and Bankruptcy Code: Three years later, India’s bankruptcy reform languishes in courts – The Economic Times
The Insolvency and Bankruptcy Code, introduced in May 2016, allows even small creditors to file insolvency petitions against a company that had defaulted on debt.
Welcome apex court ruling on bankruptcy–Economic Times
The Supreme Court verdict upholding the Insolvency and Bankruptcy Code (IBC) in its present form is welcome. While it is not unnatural for new legislation
SC boost to IBC process will mean faster resolution; Apex court may not exempt power firms from Sec 12 – The Financial Express
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
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