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
Category: IBC-SEBI
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
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
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