Concerned over several instances of successful bidders under the insolvency resolution process for stressed companies failing to make the promised payments on time – the
Category: IBC-SEBI
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
Absence of bond market main reason for India’s banking crisis: CAG – IANS Feed News
The major reason for the crisis being faced by banks is the absence of a developed bond market in the country, the official auditor said
IBBI notifies mechanism for issuing regulations – PTI feed News
The Insolvency and Bankruptcy Board of India (IBBI) has notified the mechanism to be followed for issuing regulations under the insolvency law. A set of
Panel recommends UNCITRAL model for cross-border insolvency – IANS Feed News
A committee to look into amendments to the Insolvency and Bankruptcy Code (IBC) on Monday recommended the adoption of the UNCITRAL Model Law of Cross
Rupee fall, high NPAs still cause for concern: former RBI Guv Jalan – PTI feed News
Terming the Modi government’s performance as a mixed story, former RBI Governor Bimal Jalan Sunday said the declining value of rupee and high non-performing assets
IBBI needs to have more powers, says NCLAT Chairperson – PTI feed News
The Insolvency and Bankruptcy Board needs to be given more powers, NCLAT Chairperson Justice Sudhansu Jyoti Mukhopadhaya said Monday and also suggested that there should
Only registered valuers can do valuation under IBC from Feb 2019 – PTI feed News
From February next year, only entities registered as valuers with the IBBI can carry out valuation of assets under the insolvency law, according to a