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
Category: IBC-SEBI
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
Marrying IBC with settlement schemes an option, says Arun Jaitley – The Financial Express
Marrying IBC with settlement schemes an option, says Jaitley Finance and corporate affairs minister Arun Jaitley on Tuesday said the option of ‘marrying’ insolvency framework with possible
Marriage of Insolvency and settlement schemes? Govt may look at this option in future: Arun Jaitley – The Financial Express
To deal with resolution of debt-laden companies, the option of “marrying” insolvency framework with possible settlement schemes can be looked at in the future, Finance
Sebi concerned as Rs 600 bn worth of approved IPOs are yet to hit market | Business Standard News
Market regulator Securities and Exchange Board of India (Sebi) has expressed concerns over the drop in activity in the primary markets. “Over Rs 600 billion
Revisiting pre-IBC norms only after current rush: FM Arun Jaitley | Business Standard News
Only after the initial clutter of insolvency cases is cleared, marrying the pre-Insolvency and Bankruptcy Code (IBC) mechanism with the current law for resolving bad
Option of marrying IBC with settlement schemes can be looked at later: FM | Business Standard News
To deal with resolution of debt-laden companies, the option of “marrying” insolvency framework with possible settlement schemes can be looked at in the future, Finance and Corporate
How NCLT Chennai’s order may restrain the freedom of creditors’ panel | Business Standard News
Since its inception, the Insolvency and Bankruptcy Code (IBC) has been hailed as a monumental reform that would help tackle the problem of bad loans plaguing the
NPA: For NCLT, it is a race against time for resolution of NPAs–Economic Times
Justice delayed is justice denied, they say. And time value seems even bigger where big money — an estimated Rs 3.5 lakh crore —is involved.
From insurance cover to insolvency case, here are the key court orders | Business Standard Column
Illegal extension has no insurance cover The demolition of an illegal extension of a building by civic authorities would not be covered by a general
NPA: For NCLT, it is a race against time for resolution of NPAs–Economic Times
Justice delayed is justice denied, they say. And time value seems even bigger where big money — an estimated Rs 3.5 lakh crore —is involved.
Bhushan Steel: IBC an imbalanced economic provision: Sanjay Singal–Economic Times
Bhushan Power and Steel promoter Sanjay Singal has likened the Insolvency and Bankruptcy Code (IBC) to an enabler of takeovers or liquidation instead of the intended objective — resolution of bad loans — to
Capital formation continues to remain sluggish, but there are indications that its productivity is rising – The Financial Express
An analysis on investments by Credit Suisse—based on CSO data—shows that, as a ratio of GDP, gross fixed capital formation (GFCF) may have bottomed out,
NCLAT rejects Edelweiss pleas challenging Synergy resolution plan – The Financial Express
The ARC alleged that SCL’s resolution plan, submitted at the Hyderabad bench of the NCLT, was contrary to the law and the agreement SCL had
NCLT issues notice to Liberty House on Castex Tech lenders’ plea – The Financial Express
LHG has also defaulted on paying the committed upfront money in time to the lenders of Amtek Auto, which prompted them to move NCLT seeking
Bidding battle: Adhunik Metaliks lenders reject Liberty House offer – The Financial Express
After hearing the arguments from the counsels for Liberty House and the committee of creditors (CoC) for AML, the Kolkata bench of the National Company
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