The promoters of debt-ridden Essar Steel took its creditors by surprise by offering to settle the entire claims of Rs 543 billion under Section 12A
Category: IBC-SEBI
Ensure CoC members areseniors, IBBI tells lenders – The Hindu BusinessLine-R
To avoid delays in decision-making, the Insolvency and Bankruptcy Board of India (IBBI) has asked banks to ensure that their representatives on the Committee of
IBC: New delisting norms for IBC companies could trip punters’ bets – The Economic Times-R
By- Pavan Burugula Investors who have punted on the Insolvency and Bankruptcy Code (IBC) bound stocks hoping to cash in on business turnaround could be
Bhushan Power bid: NCLAT gives Tata Steel a chance to plead its case – The Financial Express-R
Senior counsel Abhshek Manu Singhvi, appearing on behalf of Tata Steel, alleged that the CoC gave JSW Steel undue chances to revise its bid after
Operational creditors get their due, but IBC slows – The Financial Express-R
Operational creditors get their due, but IBC slows Given their vastly larger loans, or skin in the game, it is not surprising that the Insolvency
Relief for suppliers to insolvent companies: IBC amendment now provides priority to operational creditors – The Financial Express-R
Abir Roy The treatment of operational creditors under the IBC has been a subject of numerous deliberations. There is scant protection which has been given
NCLT approves 45 resolution plans, orders 19 liquidations in 2 years of IBC | Business Standard News–R
The National Company Law Tribunal (NCLT) has sanctioned 45 resolution plans almost two years after the first set of insolvent corporates were taken for proceedings under the Insolvency and Bankruptcy Code
In the mind of a stressed borrower | Business Standard Column-R
When a firm faces stress, the story turns on whether it is insolvent or merely illiquid. In this article, we put ourselves in the shoes
What ails the great Indian asset sale? | Business Standard Column-R
In September, after the annual review meeting with the chiefs of public sector banks, Finance Minister Arun Jaitley said that non-performing assets with these banks
Financial service providers outside the purview of IBC, says NCLAT – The Hindu BusinessLine-R
The National Company Law Appellate Tribunal (NCLAT) and NCLT (Mumbai Bench), in recent judgments, have observed that financial service providers such as non-banking financial companies
IBC delays are hurting banks, economy – OPINION – The Hindu BusinessLine-R
The 180-day deadline shouldn’t be trifled with. While settling points of law, there must be a time limit for for interim litigations The slow pace
Experts call for aligning competition law with IBC for faster NPA resolution – The Hindu BusinessLine-R
The Corporate Affairs Ministry-appointed panel to review the Competition Act should look at aligning the law with the Insolvency and Bankruptcy Code (IBC) 2016, say
IBC-‘We are on track to ensure time-bound resolution ’ – The Hindu BusinessLine-R
For the 1,000-odd cases admitted by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC), time-bound resolution has been a challenge.
Supreme Court bars litigation on resolution plans before submission to NCLT | Business Standard News-R
In the course of its order on Essar Steel, which is undergoing the insolvency proceedings, the Supreme Court on Thursday forbade litigations from any stakeholder over a
IL&FS board chooses advisors for executing a resolution plan – The Hindu BusinessLine
Arpwood Capital Pvt Ltd and JM Financial Consultants Pvt Ltd have been selected as financial and transaction advisors to the IL&FS Group. Alvarez & Marsal
High Court suspends insolvency proceedings against Madhucon – POLITICS – The Hindu BusinessLine-R
The Hyderabad High Court suspended the corporate insolvency resolution process against Madhucon Projects Ltd, a construction-cum-infrastructure company. TheCourt suspended the order passed by the National
High-level panel likely to suggest UN model for cross-border insolvency cases – The Economic Times-?????
The model would be on the basis of Centre of Main Interests (COMI), which would be defined. In accordance with COMI, the place of main
Let directors stay independent of govt–Economic Times
The government reportedly wants to evaluate independent directors on boards of companies and ask the National Company Law Tribunal (NCLT) to remove those who have
Government move on IL&FS needs time–Economic Times
The National Company Law Appellate Tribunal (NCLAT) has reportedly granted a stay on the National Company Law Tribunal’s (NCLT) order that rejected a moratorium on
Is IBC slowing Rave Scans resolutions? – The Economic Times-R
The very first case admitted by National Company Law Tribunal’s Delhi principal bench under Insolvency and Bankruptcy Code was against printing services firm Rave Scan, and two years hence
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