Crisis talks between India’s cash-strapped Jet Airways Ltd and aircraft lessors have failed to ease a row over late payments, prompting some lessors to explore taking back
Category: IBC-SEBI
IBC–UK-based Boustead bids for debt-ridden RTIL – The Hindu BusinessLine
IRP informs NCLTof thefirm’s interest in plant, machinery UK-based Boustead Plc has emerged as the second company interested in bidding for the debt-ridden RTIL (formerly
Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine
This has reference to earlier intimation dated 19th July, 2018 regarding admission of application for initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9
India Leaps 23 Places On World Bank s Ease Of Doing Business Ranking – BW Businessworld
India leaped 23 places to the 77th position on the World Bank’s ‘ease of doing business’ ranking as GST, insolvency framework and tax reforms made
No new loan to Jet Airways till viability report: Lenders – The Economic Times
Lenders to Jet AirwaysNSE -0.47 %, which defaulted on loan obligations last week, have three options to recover their dues, bankers have told TOI even as
Can’t have a one-size-fits-all policy for insolvency, says Prashant Ruia – The Economic Times
Essar Group CEO Prashant Ruia says there must be a distinction in the bankruptcy code to deal with instances where the promoter has done something wrong
Not necessary to start insolvency against principal borrower first: NCLAT | Business Standard News
A financial creditor can seek to first initiate insolvency proceedings against a corporate guarantor of a company, instead of the company itself, in case the guarantee fails, the National Company Law Appellate
Bankruptcy No Tool of Operational Creditors–Economic Times
The Supreme Court’s reported suggestion to give operational creditors a role in insolvency resolution is flawed. Only financial creditors (mainly banks) are now represented on
Lenders need to factor in parameters beyond credit bureau support: Transunion-Cibil – The Economic Times
Lenders need to look beyond credit bureau in assessing risks of MSME lending and detecting early warning signal, as borrowing from multiple borrowers is getting increasingly risky,
MSME: Stacked loans and those sanctioned by multiple lenders prone to higher NPA risks: Report – The Economic Times
Stacked loans by borrowers have a higher potential of turning into Non-Performing Asset (NPAs), reveals the recently released TransUnion CIBIL- SIDBI MSME Pulse Report. The latest report
HDFC approaches NCLAT to recover dues from RHC Holding; challenges NCLT order – The Economic Times
To recover the remaining amount, HDFC filed an insolvency plea against RHC Holding before NCLT. HDFCNSE -0.71 % has challenged an NCLT ruling that dismissed the
Bank of India sells exposures to three large accounts – The Financial Express
Bank of India (BoI) sold its exposures to three large accounts — Alok Industries, Asian Colour Coated Ispat and ISMT — during the quarter ended
A Leg-up for MSMEs: Interests of operational creditors to be secured under insolvency code – The Financial Express
Currently, only financial creditors are part of the CoC that decides on a resolution plan and selects the winning bidder. Operational creditors (OCs), mostly MSMEs,
RBI asks IL&FS lenders to classify loans to firm as non-performing: Report | Business Standard News
India’s central bank has asked lenders of Infrastructure Leasing and Financial Services Ltd (IL&FS) to classify loans extended to the bankrupt shadow banking firm as
Give details of insolvency law committee, Supreme Court tells Centre | Business Standard News
The Supreme Court on Tuesday asked the Centre to detail the composition of the Insolvency Law Committee set up to identify and suggest ways to address issues
NCLAT asks Liberty House if it will go ahead with Amtek Auto resolution | Business Standard News
The National Company Law Appellate Tribunal (NCLAT) has asked if UK-based Liberty House is willing to go ahead with its resolution plan for the debt-ridden Amtek Auto in which
Section 74 of insolvency code needed, but can deter bidders: Experts | Business Standard News
The jury is still out on Section 74 of the Insolvency and Bankruptcy Code (IBC), which details provisions for punishment of company officials who breach
Object of IBC paramount, says NCLT – BUSINESS – The Hindu
The Mumbai Bench of the National Company Law Tribunal (NCLT) has observed that rejection of a resolution plan on technicalities, without going into its merits,
Jet Airways is said to seek to rework vendor contracts to cut costs | business news | Hindustan Times
Debt-laden Jet Airways India Ltd. is trying to renegotiate contracts with its vendors as lenders demand a revival plan by month-end from India’s second-largest airline
SC asks RCom, RJio to resolve issues over past dues by Jan 11 – The Economic Times
The Supreme Court Monday asked Reliance CommunicationsNSE -0.71 % Ltd (RCom) and Reliance Jio to take a decision by January 11 over the settlement of past dues to DoT, which is yet
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