A bench, comprising Justices RF Nariman and Indu Malhotra, agreed with his contention and set aside the tribunal’s order. The Supreme Court on Tuesday clarified
Category: IBC-SEBI
Wilful defaults: 2,571 FIRs registered, 9,363 recovery suits filed by PSU banks – The Financial Express
The country’s commercial banks hold non-performing assets (NPAs) worth Rs 10.4 lakh crore, around 11.2% of their total loans outstanding. Public sector banks have filed
NPA resolution: Banks go for all-cash sale of stressed assets – The Financial Express
By Mitali Salian Delay in litigation aside, fear of poor redemption of security receipts (SRs) have prompted banks to increasingly insist on all-cash deals on
Two years of IBC: Here are its hits & misses, and the road ahead | Business Standard Column
The honeymoon period is over for the Insolvency & Bankruptcy Code. The challenge will be to sustain the momentum gained over the last two years, as more debtors come
From Rafale relief to heat on realtors, here’re 10 landmark SC judgments | Business Standard Column
Rafale relief On the last working day of the year, the Supreme Court delivered one of its most controversial judgments. It ruled out an investigation into
NCLT orders insolvency resolution process against CIL subsidiary – The Financial Express
NCLT orders insolvency resolution process against CIL subsidiary In a setback to Coal India (CIL), the Kolkata bench of the National Company Law Tribunal (NCLT)
Government wants to re-open IL&FS group balance sheets – The Hindu BusinessLine
The corporate affairs ministry on Thursday moved the National Company Law Tribunal (NCLT) seeking to reopen the books of IL&FS Group and its subsidiaries for
Losing ‘trust’ in Liberty, ABG lenders reject resolution plan – The Hindu BusinessLine
Casting doubts over the ability of Liberty House to meet its commitments under resolution plans for Adhunik Metaliks and Amtek Auto, the Committee of Creditors
IPOs–Primary concerns – The Hindu BusinessLine
It’s surprising that SEBI Chairman Ajay Tyagi should express concern in public about companies delaying public offers despite the regulator giving the green signal. Since
NCLAT to hear plea over moratorium on dues recovery from IL&FS on January 28 – The Economic Times
The National Company Law Appellate Tribunal (NCLAT) Thursday said it would hear the plea over moratorium on dues recovery from IL&FS and group companies on January 28. A two-member
Patience with the IBC | Business Standard Editorials
Speaking at a function organised to mark the second anniversary of the Insolvency and Bankruptcy Code, or IBC, Union Finance Minister Arun Jaitley defended the integrity of the process and suggested
Meet with RBI: Banks want to keep NPAs out of court – The Financial Express
Anxious that provisioning requirements for stressed assets will go up, bankers are understood to have asked the Reserve Bank of India (RBI) to relax the
IBC eliminates right to redemption of Essar Steel shareholders, says lenders – The Financial Express
IBC eliminates right to redemption of Essar Steel shareholders, says lenders The Insolvency and Bankruptcy Code eliminates the right to redemption of Essar Steel shareholders,
IBC, settlement scheme may be linked in future: Arun Jaitley – The Economic Times
The option of “marrying” the insolvency framework with a possible settlement scheme to deal with resolution of debt-laden companies is something that can be considered
Supreme Court seeks role for operational creditors in IBC proceedings – The Economic Times
The Supreme Court on Monday suggested that operational creditors of bankrupt companies be given a voice in the resolution proceedings in proportion to their debt, including voting rights. In some cases, even
Mumbai: DGGSTI arrests promoters of textile firms | Cities News, The Indian Express
THE Directorate General of Goods and Services Tax Intelligence (DGGSTI) has arrested the promoters of two Mumbai-based textile firms for an alleged Central Goods and
IL&FS: Big banks and Rakesh Jhunjhunwala line up to bid for IL&FS Securities–Economic Times
Lenders including HDFC BankNSE 0.25 %, ICICI BankNSE 1.06 % and Axis BankNSE 0.36 %, and Rakesh Jhunjhunwala’s private equity firm Rare Enterprises are among a dozen bidders for the securities
Changes in policy, procedures in next 3 months to improve ease of doing business rank: P K Das – The Economic Times
The next three months would see the Centre put in place changes in policy and procedures to ensure India further improves its position in the
Government strikes off names of 1 lakh companies this fiscal – The Economic Times
The government has struck off the names of 1 lakh companies from the official records in the current fiscal as they have not been carrying
Supreme Court seeks role for operational creditors in IBC proceedings – The Economic Times
The Supreme Court on Monday suggested that operational creditors of bankrupt companies be given a voice in the resolution proceedings in proportion to their debt, including voting rights. In some cases, even
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