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
Category: IBC-SEBI
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
Insolvency law helped address Rs 3 lakh cr stressed assets in 2 years: Official – The Economic Times
Corporate Affairs Secretary Injeti Srinivas said there has been a direct and indirect impact of the Code on stressed assets worth close to Rs 3
Standard Chartered Bank challenges Essar Steel’s resolution plan – The Economic Times
SCB has also challenged the Resolution Plan of Arcelor as being incomplete and in violation of the IBC. Standard Chartered Bank, the third-largest secured financial creditor
Will delay in IBC cases result in bank losses? – The Economic Times
Banks are losing thousands of crores of rupees due to delays in the settlement of bankruptcy cases and rating company ICRA estimated lenders lost Rs.
UltraTech: SC okays UltraTech bid for Binani–Economic Times
The Supreme Court bench led by Justice RF Nariman rejected the Rajputana appeal, setting the stage for a formal takeover of the company by the
SC move to split pleas challenging constitutional validity of IBC offers relief to banks – The Economic Times
Banks have got more time to resolve stressed assets as the Supreme Court has asked the parties to segregate all petitions related to the Reserve Bank of
Essar Steel: Committee of creditors still backing ArcelorMittal’s bid – The Economic Times
ArcelorMittal’s acquisition of Essar Steel is a done deal despite attempts by erstwhile promoters, the Ruias, to retain the asset, said bankers with knowledge of
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