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.
Category: IBC-SEBI
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
IBC: New delisting norms for IBC companies could trip punters’ bets – The Economic Times-R
By- Pavan Burugula Mumbai:Investors who have punted on the Insolvency and Bankruptcy Code (IBC) bound stocks hoping to cash in on business turnaround could be
IL&FS: NCLT rejects government’s plea of 3-month moratorium for IL&FS
In a likely blow to the government and the newly constituted board of Infrastructure Leasing & Financial Services (IL&FS), the Mumbai NCLT Bench rejected the
Raised DRT threshold will speed up NPA recovery: DFS Secy | The Economic Times Video
The decision to double the limit to Rs 20 lakh for filing applications in debt recovery tribunals will help them focus on high value matters
bond market: How bankruptcy code is helping deepen corporate bond market – The Economic Times
A recent study has noted that India’s corporate bond market, which contributes 17 per cent to the country’s Gross Domestic Product(GDP) and is highly concentrated in the
Bankruptcy Code will deepen Indian corporate bond market: Assocham – The Financial Express
Gross NPAs in the Indian banking system have accumulated to a staggering Rs 10 lakh crore. (Assocham website) The successful resolution of issues of banks’
NCLT dismisses insolvency petition against Duncans Industries – The Financial Express
Vide the notification dated January 28, 2016 under Section 16E of the Tea Act, the central government had authorised the Tea Board to take over
IBC: SC lays down guidelines in an attempt to speed up resolution process | Business Standard Column
The Supreme Court has set out how the corporate insolvency resolution process would work from inception while hearing the Essar Steel case, primarily with the
Time taken at tribunals in insolvency cases to be excluded from statutory 270 days: SC – The Economic Times
The court made the observation in the Essar Steel case. The Supreme Court on Thursday said the time taken up by litigations during the corporate
Supreme Court does well on Essar Steel bids – Here is why – The Financial Express
Though the resolution process for Essar Steel’s NPAs has been dragging for more than a year against the allowed 180 days—with an extension of another
Centre moves NCLT seeking protection for new IL&FS board – The Hindu BusinessLine
In a bid to protect the new board overseeing the turnaround plan for IL&FS, the Ministry of Corporate Affairs has sought relief from the National
Essar Steel auction: SC gives ArcelorMittal, NuMetal 2 weeks to clear dues | Business Standard News
The Supreme Court on Thursday decided to give one more opportunity to ArcelorMittal and NuMetal to bid for Essar Steel, but only if they both paid off their non-performing
Ericsson files contempt plea against Anil Ambani over dues – The Economic Times
Com’s nonpayment of dues could drag the debt-laden telco back into insolvency proceedings, thereby nullifying its spectrum sale deal with Jio, and setting back efforts
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