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
Category: IBC-SEBI
essar steel: NCLT helps recover Rs 80,000 crore in 2018; kitty may cross Rs 1-lakh crore in 2019 – The Economic Times
High-profile cases lined up for 2019 include Essar Steel and Bhushan Power & Steel. Tasked with a key job of helping recover unpaid corporate loans,
A shiny new start for Indian steel–Economic Times
Resolution of stressed bank assets under the Insolvency and Bankruptcy Code (IBC) has led to solid transformation in steel. Domestic steel majors have bid aggressively
Do we really need dual-class shares? | Business Standard Column
Every once in a while an idea takes hold which is supposed to be the panacea for a specific problem plaguing the local equity markets. Share buy-backs
Lenders reject JSW Energy offer for Monnet Power citing poor terms | Business Standard News
Lenders to Monnet Power have rejected the lone bid from JSW Energy, citing poor terms of the offer. “Monnet Power will go for liquidation as
‘In a resolution plan under IBC, personal guarantors can’t step into creditor’s shoes’ – The Hindu BusinessLine
Thus, the liability of a personal guarantor survives a resolution process under the IBC: NCLAT The National Company Law Appellate Tribunal (NCLAT) has ruled that
No moratorium for personal guarantors: Supreme Court – The Economic Times
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
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
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