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
Category: IBC-SEBI
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
Revival of 45 bankrupt companies will meet 50% of lenders’ claims: IBBI Chairperson – The Economic Times-R
Currently, there are about 800 corporates undergoing CIRP and about 100 cases have been closed on appeal or review as they should not have been
‘To a person running scared, every shadow will be a demon’ | Deccan Herald
To a person running scared, every shadow will be a demon’ Speaking to DH’s Annapurna Singh, former finance minister P Chidambaram says there is no connection between
IBC proceedings: Why homebuyers are in a bind over voting rights | Business Standard Column
The regulations require a creditor to submit a claim with proof before the last date mentioned in the public announcement Why is there confusion over
How to prevent IBC from becoming a victim of its own success – The Economic Times–R
The Insolvency and Bankruptcy Code has ushered in an era of swift resolutions and fair decisions with failing companies. On a recent Wednesday morning, the
To boost ease of doing biz, govt mulls ordinance to settle disputes faster | Business Standard News
Seeking to improve India’s ranking on ease of doing business index, the government is mulling an ordinance which provides for time-bound settlement of commercial disputes and make arbitrators accountable, a senior
Banks led by SBI had asked ArcelorMittal to clear dues of two firms: NuMetal to SC – The Economic Times
Russia’s VTB Bank-promoted firm NuMetal, which was asked to establish its “subterfuge” charge against rival bidder ArcelorMittal, Wednesday told the Supreme Court that contrary to claims, a
The Committee of Creditors ‘dharma’ should be maximisation with fairness – The Financial Express-R
Failure by a firm to service debt, which is otherwise known as insolvency, is an outcome of the market. The Insolvency and Bankruptcy Code, 2016,
Insolvency–: Pay PF dues before repaying creditors, NCLT tells liquidator of Precision Fasteners – The Economic Times
In a significant order for employees of bankrupt companies, the National Company Law Tribunal has ordered the resolution professional handling liquidation of Mumbai-based Precision Fasteners to pay
Supreme Court stays insolvency proceedings against Mack Soft – The Financial Express
Supreme Court stays insolvency proceedings against Mack Soft The Supreme Court has stayed the insolvency proceedings against Mack Soft Tech by its holding company Quinn
Big haircut for lenders as NCLT okays resolution plan for Orchid Pharma | Business Standard News
The Chennai bench of the National Company Law Tribunal (NCLT) has approved the resolution plan submitted by US-based investor Ingen Capital Group LLC for Chennai-based pharmaceutical manufacturer Orchid Pharma Ltd, following
Financial creditors not part of CoC don’t have voting rights: IBBI – The Hindu BusinessLine
The Insolvency and Bankruptcy Board of India (IBBI) has cleared the air on the crucial issue of whether a financial creditor who is not admitted
NCLAT wrongly allowed ArcelorMittal to pay dues after bidding for Essar Steel, NuMetal tells SC – The Financial Express
The Appeal is on limited grounds as the NCLAT has committed “a fundamental error” in interpreting the provisions of the Code and allowed time to
Corporation Bank in pact with NeSL – The Hindu BusinessLine
Corporation Bank has signed an information utility (IU) agreement with National e-Governance Services Ltd (NeSL), the first IU registered with the Insolvency and Bankruptcy Board
Insolvency Law–Apex court to settle law to minimise NCLT, NCLAT interference – The Financial Express
The court will resume hearing on September 25. The Supreme Court on Wednesday observed that it will settle the law so as to avoid any
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