But the jury is still out on whether the IBC process is fully serving its intended purpose In a recent social media post, Finance Minister
Category: IBC-SEBI
Four ways to make Insolvency & Bankruptcy Code work–Business Today
There are many ideas that are under implementation and discussion to support the new code. The finance minister Arun Jaitley has hinted at a possible
Fixing the Bankruptcy Code- Business News–Business Today
It has not given bankers the realisations they had hoped for. Now the government has unveiled a new approach even while they are modifying the
PSU Banks news: Public sector banks recovery against NPAs doubles this year – Times of India
Public sector banks reported recovery of Rs 60,713 crore against non-performing assets (NPAs) in the first half of the current year, which is double of
Jet Airways, bankers to meet airline’s vendors, lessors to discuss debt plan – The Hindu BusinessLine
Debt-laden Jet Airways is close to reaching a deal with State Bank of India (SBI) for a fresh loan of ₹15 billion ($215 million) to meet its
NCLT removes auditor for the first time under new Companies Act | Business Standard News
The National Company Law Tribunal (NCLT) has removed the statutory auditor of Zen Shaving and allowed the Ministry of Corporate Affairs (MCA) to appoint an independent director in his
With another failing airline, RBI is on test under Shaktikanta Das – The Economic Times
With the man behind that rule out of the way on Mint Street, the permission to restructure SME loans by the new Governor Shaktikanta Das
Lok Sabha passes Companies (Amendment) Bill – The Economic Times
Lok Sabha on Friday passed the Companies( Amendment) Bill, 2018 that seeks to improve ease of doing business, declog the NCLT and prescribe strong action against non-compliant companies.
Jet Airways India: Jet Airways needed one rupee to avert this tailspin–Economic Times
By Andy Mukherjee All Jet Airways IndiaNSE -0.81 % Ltd. ever needed was 1 rupee, or just 1.4 U.S. cents, for providing hot meals and cold towels.
Don’t grow complacent with India’s improved Ease of Doing Business ranking: Plenty of red tape still ties us up–Times of India
Don’t grow complacent with India’s improved Ease of Doing Business ranking: Plenty of red tape still ties us up We have recently been basking in
Power sector NPAs a class of their own–Economic Times
The cases of as many as 34 financially stressed power projects, with a capacity of 40 GW and with bank exposure of over Rs 1.8
Insolvency & Bankruptcy Code: Less delay, more reform–Economic Times
Last month, 13 economists, including IMF chief economist Gita Gopinath and former RBI governor Raghuram Rajan, praised India’s bankruptcy law while charting an economic strategy
Ericsson-Anil Ambani dispute: Ericsson seeks jail for RCom chairman Anil Ambani unless dues cleared – The Economic Times
Ambani had given a personal guarantee in the court, backing prompt payment of Rs 550 crore to Ericsson. Telecom equipment maker Ericsson filed its second contempt petition
Essar Steel insolvency case: Creditors knock NCLAT door to expedite – The Economic Times
On October 25, more than 92 per cent of the creditors at Essar Steel voted in favour of a proposal by ArcelorMittal, The committee of
Gujarat Ambuja Exports faces insolvency petition at NCLT – The Economic Times
The case has been being filed by Delta Global Resources, which supplied coal to Gujarat Ambuja, said a company executive. Gujarat Ambuja Exports, a manufacturer of starchNSE
Jet Airways delays loan repayments to banks – The Economic Times
Jet has also proposed to SBI and the lending consortium for liquidity assistance and alternatively to convert its loans to equity. Jet Airways has delayed loan
RCom: Ericsson to again move court against Anil Ambani as RCom fails to pay up–Economic Times
Ericsson is set to file a second contempt of court petition against Reliance Communications’ (RComNSE -2.53 %) chairman Anil Ambani for failing to repay dues on time despite
Sec 29 of IBC law: Planned changes to fix grey areas – The Financial Express
The new relaxation will allow bidders to show that, while they are related to defaulters, their businesses are quite distinct. Given how powerful industrialists hoodwinked
NCLAT directs NCLT Bench to speed up Essar Steel hearing – The Hindu BusinessLine
The matter is listed at NCLT Ahmedabad on January 7 for next hearing The National Company Law Appellate Tribunal (NCLAT) has directed the Ahmedabad Bench
FM sees light at end of Essar, Bhushan insolvency tunnel – The Hindu BusinessLine
‘Creditors may realise 70,000 crore by March-end through 12 big-ticket resolutions’ Asserting that the “early harvest” through the Insolvency and Bankruptcy Code (IBC) has been
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