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
Category: IBC-SEBI
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
Govt move to up pecuniary limit to file loan recovery in DRTs stayed by Rajasthan HC – The Hindu BusinessLine
The Rajasthan High Court has stayed the operation of the government’s September 6 Gazette notification, which doubled the pecuniary limit to ₹20 lakh for filing
Government expects recoveries to exceed Rs 1.80 lakh crore in FY19 – The Financial Express
Enthused by the impact of new insolvency and bankruptcy law, the government expects bad loan recoveries to exceed Rs 1.80 lakh crore target for 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
Ticklish issues in cross-border insolvencies – The Hindu BusinessLine
The Insolvency Law Committee’s recommendations are a step in the right direction, but some aspects need a rethink The way Nirav Modi’s entities have filed
ArcelorMittal wins majority stake in Essar Steel buyout – The Hindu
Nippon Steel to own nearly equal stake The committee of creditors of the debt-laden Essar Steel India Ltd. has chosen ArcelorMittal SA and Japan’s Nippon
ArcelorMittal wins bankrupt Essar Steel, finally! Ruias’ last ditch effort won’t work, say experts – The Financial Express
ArcelorMittal has won the bid for bankrupt Essar Steel, finally — and arguably ‘fair and square’. ArcelorMittal has won the bid for bankrupt Essar Steel,
Essar Steel lenders ignore Ruias’ offer, approve bid by Arcelor and Nippon | Business Standard News
ArcelorMittal on Friday announced that the Committee of Creditors (CoC) to Essar Steel India Limited (ESIL) has voted in favour of the company’s acquisition. ESIL’s resolution professional (RP),
Essar Steel buy: ArcelorMittal, Ruias gear up for legal battle – The Hindu BusinessLine
A day after the Committee of Creditors voted in favour of its bid, ArcelorMittal on Friday said its long-term aspiration for Essar Steel is to
Essar Steel buy: ArcelorMittal, Ruias gear up for legal battle – The Hindu BusinessLine
A day after the Committee of Creditors voted in favour of its bid, ArcelorMittal on Friday said its long-term aspiration for Essar Steel is to
Essar Steel lenders back ArcelorMittal, file plan with NCLT – The Economic Times
ArcelorMittal said Essar Steel’s creditors put the seal on its acquisition of the bankrupt company, a day after the erstwhile promoters sought to make a last-minute
Promoter’s offer should not be ignored for process lacunae: Essar Steel – The Economic Times
With lenders picking ArcelorMittal for Essar Steel takeover, the debt-laden company Friday said the committee of creditors should consider the Rs 54,389 crore offer made by promoters to
Arun Jaitley’s big message to defaulters: ‘IBC instilling fear’ – The Financial Express
Potential loan defaulters have started paying up as the Insolvency and Bankruptcy Code (IBC) has instilled the fear of losing their businesses if they cross
ArcelorMittal hits back at Ruias offer, says withdrawal of Essar Steel IBC process not possible – The Financial Express-R
ArcelorMittal, which was selected preferred bidder by lenders of Essar Steel, has hit back at the Rs 54,389 crore offer made by the Ruias, saying that
Section 12A of IBC doesn’t apply to Essar Steel case, says ArcelorMittal | Business Standard News-R
ArcelorMittal said on Thursday that Section 12A of the Insolvency and Bankruptcy Code (IBC), under which the Ruias have proposed to withdraw Essar Steel from the Corporate Insolvency Resolution
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