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
Category: IBC-SEBI
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
The Insolvency and Bankruptcy Code: Economic growth: One good policy, and a few more to go – The Economic Times
By Taponeel Mukherjee Access to credit, data and transportation are among the most crucial drivers of economic well-being. To ensure better access to critical needs in India,
Bankruptcy: Insolvency law committee calls for stakeholder views – The Economic Times
The Insolvency Law Committee has called for suggestions from stakeholders on the provisions of the Insolvency and Bankruptcy Code as well as the rules and regulations. The government had
Arun Jaitley’s big message to defaulters: ‘IBC instilling fear’ – The Financial Express
Potential loan defaulters have started paying up as the Insolvency and Bankruptcy Code (IBC) has instilled the fear of losing their businesses if they cross
2019 may finally put an end to India’s banking woes – The Economic Times
RBI’s proposed public credit registry for aggregating information about borrowers from multiple agencies at one place is expected to repeat the performance in retail loans.
IBC: India Inc’s sudden and gradual road to freedom – The Economic Times
Till date, IBC has resolved cases involving debt of Rs 3 lakh crore comprising Rs 1.2 lakh crore at the pre-admission stage. The Insolvency and Bankruptcy
Rational Expectations: Fix government policy, or NPAs will rise again – The Financial Express
A severe stress situation is one where, for instance, GDP growth collapses to 5% in FY19 and then to 4.4% in FY20 while the fiscal
CoC, RP faced with grey areas in IBC as bidders hold-up plan implementation | Business Standard News
At least seven companies under the Insolvency and Bankruptcy Code (IBC) are staring at a situation where preferred bidders have raised issues or are reluctant
How IBC changes the game | Business Standard Column
The implementation of the Insolvency and Bankruptcy Code (IBC) is facing difficulties. For the largest firms, there is a whiff of SICA (Sick Industrial Companies Act) in the air,
RBI for one-time restructuring of MSME loans – The Hindu BusinessLine
In a breather to the micro, small and medium enterprise (MSME) sector, the Reserve Bank of India has decided to permit one-time restructuring of existing
A long way to go, still – MONEY & BANKING – The Hindu BusinessLine
It has been an eventful year for the ever-evolving Insolvency and Bankruptcy Code, though it has delivered very little to the purpose for which it
‘Procedural issues getting resolved’ – MONEY & BANKING – The Hindu BusinessLine
JSW Steel is among the few corporates to have an interesting tryst with IBC. After giving up on attempts to takeover Bhushan Steel, it succeeded
Employees of bankrupt RTIL join hands to revive company – NEWS – The Hindu BusinessLine
In a first for a bankruptcy firm, nearly 200 employees of debt-ridden RTIL — formerly Reid & Taylor (India) — have formed an association to
IBBI publishes syllabus for valuer examinations from April 2019 – The Economic Times
The Insolvency and Bankruptcy Board of India (IBBI) Tuesday came out with syllabus for valuer course and the examinations to be conducted from April 1, 2019. IBBI has published
IBBI penalises five debt resolution professionals – The Economic Times
The Insolvency and Bankruptcy Board of India (IBBI) has for the first time penalised at least five resolution professionals, seeking to strengthen the dedicated loan-recovery
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