A few days ago the Modi government celebrated the second anniversary of its surgical strike against Pakistan. One wishes there were surgical strikes on other equally important
Category: IBC-SEBI
NBFCs–Lessons from IL&FS saga | Business Standard Column
The Infrastructure Leasing & Financial Services fiasco holds many lessons for investors, and policymakers as well. The non-banking financial company (NBFC) has always been treated
Insolvency and Bankruptcy Code enmeshed in legal action | Business Standard Column
A dawn of a new era. That is how the Insolvency and Bankruptcy Code recently enacted and worked up was described in news media and even by
Numetal says will match Arcelor bid if latter held eligible – The Economic Times
Numetal told the Supreme Court on Thursday that it would match any offer made by ArcelorMittal should it be held eligible to bid for ailing Essar Steel in
Essar Steel IBC case: SC reserves verdict; timeline of twists and turns in race between ArcelorMittal, Numetal – The Financial Express
One of the top 12 bankrupt companies identified for immediate resolution was Essar Steel. One of the top 12 bankrupt companies identified for immediate resolution
Modi government plans more NLCT benches in the next 2-3 months – All you need to know – The Financial Express
Currently, about 9,000 cases are pending before NCLT benches in the country for insolvency and other routine matters. In bid to deal with the rising
Govt plans 8 special courts under NCLT to deal with rising insolvency cases | Business Standard News
The government plans to set up eight special courts under the National Company Law Tribunal to handle rising number of cases under the insolvency law,
IL&FS in more trouble: 7 defaults in last 15 days; fails to service yet another short-term deposit today – The Financial Express
Major shareholder LIC recently assured that it would not let crisis-hit IL&FS collapse Cash-strapped Infrastructure Leasing and Finance Services (IL&FS) on Thursday defaulted on Rs
RBI cancels meeting with IL&FS shareholders ahead of AGM, next date remains unknown – The Financial Express
IL&FS’s annual general meeting is scheduled for September 29 here. The Reserve Bank of India (RBI) has cancelled the Friday’s meeting with the shareholders of
IL&FS default scare could derail India growth story as banks, lenders pare exposure to NBFCs – The Financial Express
The company’s defaults have highlighted the risk of a sharp growth slowdown in the world’s fastest growing major economy. Manzoor Ahmad lost his job as
IL&FS moves NCLT for direct line with creditors – The Economic Times
Debt-laden IL&FS, the holding company of the infrastructure group, has filed an application with the Mumbai bench of National Company Law Tribunal seeking permission to
View: Falling, not rising, cronyism is the main cause of NPAs – The Economic Times
Rajan says he sent a list of prominent bank fraud cases to the PMO, but heard nothing more about it. Former RBI chief Raghuram Rajan has dissected the banking
Step in, Government, and force IL&FS to list–Economic Times
Infrastructure Leasing & Financial Services (IL&FS) has fashioned its own rescue, and the rescue plan might well work out. But it is too large an
IL&FS | NCLT: Sidbi may take IL&FS to National Company Law Tribunal–Economic Times
The Small Industries Development Bank of India (Sidbi) may file a case in the National Company Law Tribunal (NCLT) against debt-laden Infrastructure Leasing & Financial Services Ltd (IL&FS) for
NPAs: Whopping Rs 1.8 lakh crore debt recovery expected in FY19 from IBC and non-IBC route, says FM Jaitley – The Financial Express
The Narendra Modi government on Tuesday said that the debt recovery in the financial year 2018-19 is expected to be Rs 1.8 lakh crore from both Insolvency
Videocon goes to bankruptcy! Bids invited for Venugopal Dhoot’s company under IBC – The Financial Express
Once a household name and successful brand, Videocon Industries is going into bankruptcy for defaulting on debt worth Rs 20,000 crore. Venugopal Dhoot’s Videocon, which has
Bad news for creditors as IL&FS, 40 arms move NCLT seeking debt protection | Business Standard News
Infrastructure Leasing & Financial Services (IL&FS) and its 40 subsidiaries have filed a petition before the National Company Law Tribunal (NCLT), Mumbai, under Section 230 of
Insolvency proceedings: Bharati Defence bidders to deposit Rs 100 million | Business Standard News
The National Company Law Tribunal’s (NCLT’s) Mumbai Bench directed any entity wishing to bid for Bharati Defence and Infrastructure for Rs 100 million as Earnest Money Deposit (EMD) by
Apex court stays insolvency proceedings against GTL, infra arm – The Hindu BusinessLine
State-run lender Canara Bank has dragged telecom solutions provider GTL and its subsidiary GTL Infrastructure to the National Company Law Tribunal (NCLT) claiming a default
NPA mess: Bankers seek Govt help to speed up debt recovery process – NEWS – The Hindu BusinessLine
Public sector banks’ (PSB) chief executives on Tuesday sought government intervention to speed up the debt recovery process, including faster approvals from District Magistrates, to
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