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),
Category: IBC-SEBI
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
Ruias make a last minute offer of Rs 543 bn to repay all Essar Steel dues | Business Standard News-R
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
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
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