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
Category: IBC-SEBI
SC okays UltraTech bid for Binani Cement – Today’s Paper – The Hindu BusinessLine
In a move that could have major implications for ongoing insolvency proceedings, the Supreme Court has approved the revised offer of UltraTech Cement to acquire
Asset sales better for resolving bankruptcy faster: Liberty chief – Times of India
Liberty House founder and chairman Sanjeev Gupta said the Insolvency and Bankruptcy Code (IBC) should focus on asset sales rather than selling down companies to speed up the resolution process.
‘Delays beyond 270 days at NCLT cost banks Rs 4,000 crore’ – Times of India
The inordinate delays beyond the 270-day deadline under the Insolvency and Bankruptcy Code (IBC) have cost the lenders to the first ‘dirty list’ of 12 large defaulters
Insolvency & Bankruptcy Code to be main tool for bank debt resolution – Times of India
The government wants to deploy Insolvency & Bankruptcy Code (IBC) as the main tool for bank debt resolution and is not keen on the use
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
A shot in the arm for Bhushan, Essar Steel operational creditors – The Hindu
The National Company Law Appellate Tribunal’s (NCLAT) decision to approve the revised bid of ₹7,950 crore by UltraTech Cement for debt-ridden Binani Cement is likely
Videocon: Banks move DRT to enforce personal guarantees provided by Dhoots for Videocon loans
A consortium of banks has applied to the debt recovery tribunal in Delhi seeking to enforce personal guarantees on the promoters of VideoconNSE 4.48 % group, Venugopal Dhoot and
Bring back court scrutiny of corporate schemes | Business Standard Column
If news reports are to be believed, a proposal to prune the jurisdiction of the National Company Law Tribunal (NCLT) is afoot. The power of the NCLT to approve
Bankrupt plan: New bankruptcy resolution plan is full of holes, a bad idea – The Financial Express
With a good number of cases having been heard and successfully concluded, the time taken to resolve the next lot of cases should be much
Pre-packaged bankruptcy scheme to speed up insolvency resolutions pre-IBC – The Financial Express
The resolution plan so reached can then be placed before the NCLT for approval, so that it can be implemented. The government is exploring the
Essar Steel insolvency case lands in legal ambiguity; NCLT to hear Essar Steel insolvency case | Business Standard News
Hurdles in the Essar Steel (ESIL) insolvency case before the National Company Law Tribunal’s (NCLT’s) bench at Ahmedabad continue to pile up. A hearing is
Govt moves to empower RoC, but will it lead to demand for more manpower? | Business Standard Column
Business Standard reached out to different stakeholders for a ground view of what they make of the ordinance The government’s recent move to strike a
From insolvency process to temporary staff, here are the key court orders | Business Standard Column
Limitation law in insolvency process The Limitation Act covers applications filed for initiating corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code from its inception in 2016, the Supreme Court has
From Sarfaesi Act to arbitration clause, here are the key court orders | Business Standard Column
SC clarifies debtor’s right under Sarfaesi The Supreme Court last week ruled that a debtor can approach the debts recovery tribunal (DRT) under the Securitisation Act (Sarfaesi)
Ease of doing biz: Enforcing contracts, IBC cases remain hurdles for India | Business Standard Column
India improved its ranking on the World Bank’s Ease of Doing Business index for the second straight year, jumping 23 places to the 77th spot, but the
Cross-border insolvency rules: How they impact creditors, investors | Business Standard Column
Recently, the Insolvency Law Committee, constituted by the Ministry of Corporate Affairs, published its second report, which recommends adoption of the UNCITRAL Model Law on
From IBC to motor accident claim payment, here are key court orders | Business Standard Column
IBC not meant to recover dues The Insolvency and Bankruptcy Code cannot be invoked when there is a dispute over dues and the IBC machinery cannot be
A landmark decision – The Hindu BusinessLine
The NCLAT ruling in the Binani Cement case has set an important precedent for future IBC cases The long drawn battle between Dalmia Bharat group’s
IBC has led to the resolution of unpaid claims of nearly 3,00,000 crores: Injeti Srinivas – The Economic Times
Injeti Srinivas added that cases for which resolution plans had been accepted had led to a recovery of about Rs 71,000 crore and that if
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