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.
Category: IBC-SEBI
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
After multiple failed bids, NCLT orders liquidation of Nagarjuna Oil Corp – The Financial Express
The Chennai bench of the National Company Law Tribunal (NCLT) has ordered liquidation of Nagarjuna Oil Corporation (NOCL), which is an associate firm of Nagarjuna
Jaypee insolvency case: Homebuyers seek secured financial creditors status – The Financial Express
The homebuyers want the apex court to declare them “secured financial creditors” on a par with banks. Jaypee group’s homebuyers on Monday moved the Supreme
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
Insolvency Code: Operational creditors should get a say, vote in insolvency process says SC | Business Standard News
Operational creditors of companies undergoing the corporate insolvency resolution process should have a say in the committee of creditors (CoC) and get voting rights proportional
SBI chairman says amendments required in section 29A of insolvency code | Business Standard News
State Bank of India Chairman Rajnish Kumar (pictured) said amendments in the Section 29A of the Insolvency and Bankruptcy Code (IBC) are necessary as the earlier amendment imposed a blanket
How conflicts of interests among stakeholders challenge IBC’s effectiveness | Business Standard News
Six blind men are in a room with an elephant. Each touches the animal and tries to discern its shape, size, age, and other aspects
With over 10,000 cases, manpower shortage, NCLT struggles with workload | Business Standard News
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
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