Bankruptcy court NCLAT Chairperson Justice Sudhansu Jyoti Mukhopadhaya on Wednesday said there should be rules “to regulate the conduct of the Committee of Creditors (CoC) and its
Category: IBC-SEBI
War on loan defaulters: Government to double NCLT members to speed up case disposal – The Financial Express
The government also recently set up three more NCLT benches (one each in Cuttack, Kochi and Jaipur), taking the total number of benches to 14.
What about operational creditors & workmen? Why IBC’s Committee of Creditors needs expansion – The Financial Express
Operational creditors can participate in the meeting but have no voting powers. Operational creditors are the neglected area. The Insolvency and Bankruptcy Board of India
AMR Infrastructure: NCLT order may offer lifeline for homebuyers – The Economic Times
In a victory of sorts for homebuyers, the National Company Law Tribunal (NCLT) has ruled that it will go ahead and appoint a resolution professional even though
What about operational creditors & workmen? Why IBC’s Committee of Creditors needs expansion – The Financial Express
Operational creditors can participate in the meeting but have no voting powers. Operational creditors are the neglected area. The Insolvency and Bankruptcy Board of India
IBBI needs to have more powers, says NCLAT Chairperson – The Economic Times
The Insolvency and Bankruptcy Board needs to be given more powers, NCLAT Chairperson Justice Sudhansu Jyoti Mukhopadhaya said Monday and also suggested that there should be regulations for the Committee of Creditors (CoC). The number
Companies pay up Rs 1.1 lakh crore for fear of insolvency action – The Economic Times-R
The number of cases filed is almost four times higher, sources said, but many are withdrawn before they are admitted as the borrower agrees to
IL&FS–Time for swift action | Business Standard Editorials
The National Company Law Tribunal (NCLT) permitted the government on Monday to seize control of infrastructure finance major Infrastructure Leasing and Financial Services (IL&FS) with
Govt issues lookout notices for four directors of debt-laden IL&FS | Business Standard News
The government has come down heavily on Infrastructure Leasing & Financial Services’ (IL&FS’) former management, led by Ravi Parthasarathy, who retired in July 2018, vice-chairman
Fraud cases under IBC cross Rs 40,000 crore – The Economic Times
The numbers showed that frauds, which include siphoning of funds, transactions with related parties and fictitious persons, were widespread in cases that have been referred
Experts hope 50% recovery under bankruptcy code – The Economic Times
The most important parameter on which the recovery rate of debt to the financial creditors depends is the value of the assets of the defaulter
Insolvency and Bankruptcy Code: Has IBC been effective in safeguarding the rights of buyers? – The Financial Express
It is very unlikely that the home buyers will get any significant recovery from the sale of the uncompleted projects either. The interest of home
How the threat of IBC has made debtors pay up Rs 1 lakh crore! MS Sahoo, chairman, IBBI explains – The Financial Express-R
As the Insolvency and Bankruptcy Board of India (IBBI) turns two on Monday, its chairman MS Sahoo dwells upon the efficacy of the new insolvency
Lenders drag realty firm Indu Projects to NCLT – NEWS – The Hindu BusinessLine
Lenders of Indu Projects, a Hyderabad-based infrastructure and real estate company, have dragged it to the National Company Law Tribunal’s Hyderabad bench seeking initiation of
NBFCs–IL&FS mess: A three-point surgical strike | Business Standard Column
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
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
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