With over 10,000 cases and only half the manpower it should have, the National Company Law Tribunal (NCLT) is buckling under the weight of its
Category: IBC-SEBI
Insolvency code missing deadlines of recoveries 2 yrs after ambitious start | Business Standard News
Time-bound resolution, a cornerstone of the Insolvency and Bankruptcy Code (IBC), is under question. If value maximisation is one of the pillars of the IBC, achieving it
NCLT allows ICICI Bank’s Rs 7-bn claim in Era Infra insolvency case | Business Standard News
The Principal Bench of the National Company Law Tribunal (NCLT) on Thursday directed the resolution professional (RP) of Era Infrastructure India to admit ICICI Bank’s Rs 7-billion
Insolvency regime: Time for pre-packs? – The Financial Express
These very financial creditors, when assembled as committee of creditors, can swiftly approve the plan when presented by the insolvency professional under the IBC. There
Right intent, wrong definition | Business Standard Column
Sanjay Singal, promoter of the distressed Bhushan Power & Steel, is an angry man. In his petition before the Supreme Court, Mr Singal has questioned
Abg Shipyard Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine
In addition to our earlier disclosure made on 02nd May 2018, 11th May 2018, 20th June 2018, 12th July 2018, 27th July 2018, 20th August
IBC-Winners’ default: Stern steps soon | Business News, The Indian Express
Concerned over several instances of successful bidders under the insolvency resolution process for stressed companies failing to make the promised payments on time – the
Insolvency: Pre-IBC facility likely to speed up resolution | Business News, The Indian Express
The planned scheme, if implemented, will be a “pre-IBC (Insolvency and Bankruptcy Code) window for the resolution of stressed assets…,” said Corporate Affairs Secretary Injeti Srinivas.
Bankers clear proposal for sale of Educomp to Ebix | business news | Hindustan Times
A transaction audit was carried out as per existing IBC norms and barring a few technical issues, Educomp’s resolution and operational handover process was found
IBC-Set norms for creditors’ panel: NCLT – The Hindu
e Chennai Bench of the National Company Law Tribunal (NCLT) has called for procedures for regulating the affairs of the committee of creditors (CoC) under
Balancing RERA & IBC – Mysore – The Hindu
In the last couple of years, we have seen introduction of two path-breaking legislations which have had a substantial impact on the real estate industry
IBC Section 74: Amtek Auto – Banks move NCLT against Liberty House – The Financial Express
Delhi-based Amtek Auto’s insolvency resolution process was initiated by Corporation Bank. Lenders to the bankrupt Amtek Auto have approached the Chandigarh bench of National Company
BIZ IBC CORPORATES – BW Businessworld
Around 212 firms were sent for liquidation under the Insolvency and Bankruptcy Code (IBC) till September-end, a top official said Saturday. Insolvency and Bankruptcy Board
More relaxation sought for MSME promoters in IBC cases – BW Businessworld
Insolvency Professionals today made a pitch for additional relaxation for promoters in the MSME sector with regard to bidding for their own assets, in cases
IBC’s greatest feat | Business Standard Editorials
It has now been two years since the major financial reform of the National Democratic Alliance government, the Insolvency and Bankruptcy Code, or IBC, was
Insolvency And Bureaucratic Code-Minhaz Merchant – BW Businessworld
The Insolvency and Bankruptcy Code (IBC) is one of the most farsighted economic reforms legislated by the Narendra Modi government. It promises to mitigate the principal weakness
IBC Wilful defaulters barred from bidding for stressed assets – BW Businessworld
In a blow to defaulting promoters seeking to reclaim their firms that are under insolvency proceedings, the government today promulgated an ordinance to bar wilful
Attractive stressed assets up for sale in India: Jaitley – IANS Feed News
India’s bankrupt companies offer a never-before opportunity to the global investors to ride the country’s exceptional growth trajectory, thanks to the Insolvency and Bankruptcy Code
NCLT directs Era Infra RP to admit ICICI Bank as financial creditor – PTI feed News
The National Company Law Tribunal (NCLT) Thursday directed the resolution professional of Era Infrastructure India to admit ICICI Bank as a financial creditor under the
An evolving economy needs dynamic regulation, says Jaitley – PTI feed News
Finance Minister Arun Jaitley Saturday said as an economy evolves, regulation needs to be relaxed or altered keeping in the mind the ground situation. Speaking
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