Under the IBC, as against the claimed amount of Rs 9.9 lakh crore, lenders have been able to recover Rs 4.9 lakh crore, registering the
Category: IBC-SEBI
Non-adherence to timelines under IBC a major concern, says government official – The Economic Times
The Corporate Affairs Secretary said there could be a possibility of disputes when it is about operational creditors but no room for confusion with financial
Bank-led resolution of NPAs set to begin – The Economic Times
About 34 banks have signed the ICA, the bedrock of the in-house, bank-led resolution approach. Indian Banks’ Association (IBA) has set up an oversight committee
Non-adherence to timelines under IBC a major concern, says govt official – The Financial Express
Noting that the law has certainly proven to be a game-changer, Srinivas cited pre-admission settlements and turning non-performing assets (NPAs) into performing assets. Insolvency law
Supreme Court in 2018: A Dickensian mixed bag of milestones and misses | Business Standard News
“It was the best of times, it was the worst of times,” was how Dickens began his tale of two cities. As far as the Supreme
Ask bidders going on appeal to deposit up to 1% of loan amount: Banks to IBBI – The Hindu BusinessLine
Move aimed to deter bidders approaching NCLAT just to derail resolution process K Ram Kumar There have been several delays in the resolution of stressed
CA Institute’s disciplinary probe hearing against IL&FS auditors postponed – The Hindu BusinessLine
There is no information on when the next hearing will take place The much-anticipated hearing in the CA Institute’s inquiry against certain statutory auditors of
IBC: Bidders face jail term if they back out from insolvency process – The Economic Times
The government and the Insolvency & Bankruptcy Board of India are looking at using provisions of the Insolvency & Bankruptcy Code (IBC) against Liberty House
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
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)
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