Bankers fear that the resolution process will come to a halt for two months. The government has asked the Reserve Bank of India (RBI) to provide at
Category: IBC-SEBI
There’s overwhelming proof of IBC’s success, but Kapil Sibal sees cronyism in it – The Financial Express
IBC has resulted in defaulters, like the Ruias of Essar Steel, losing control of their companies, it is clearly anti-crony. Former telecom minister Kapil Sibal,
IBC–Liquidation of stressed firms: Creditors staring at 92% haircut – The Financial Express-R
The liquidation value of the 124 companies has been pegged at just Rs 4,817 crore, while the total admitted claims of creditors (both financial and
IBC process: Delays put role of adjudicating authorities in spotlight | Business Standard News
Last week, the Supreme Court observed that the role of adjudicating authorities came only after a resolution plan is finalised and said that they were
NPA–Banks’ credit costs to stay at 2-3% till FY20, says India Ratings | Business Standard News
Banks will continue to see their credit costs (amount set aside for bad loans) stay at 2-3 per cent in FY19 and FY20 because of ageing
Numetal joins war of letters, points fingers at Mittals – NEWS – The Hindu BusinessLine
The fight to take control of Essar Steel intensified on Monday with Numetal seeking to know from the the resolution professional (RP) overseeing the insolvency
Banks to go ahead with power units’ resolution plans – The Economic Times
After initial apprehensions, law firms have finally interpreted the brief judgement as favourable to the resolution proceedings and interpreted status quo only on insolvency proceedings
IBC –K. Kishan Vs. M/s. Vijay Nirman Company Pvt. Ltd. | Latest Supreme Court Judgments | Law Library | AdvocateKhoj
K. Kishan Vs. M/s. Vijay Nirman Company Pvt. Ltd. [Civil Appeal No. 21824 of 2017] [Civil Appeal No. 21825 of 2017] R.F. Nariman, J. 1.
From insurer’s liability to arbitration appeal, here are key court orders | Business Standard Column
Curbs on invoking IBC in arbitration appeal The Insolvency and Bankruptcy Code cannot be invoked when an arbitration award has been passed against an operational debtor and
RBI circular deserved to be stayed: Advocate Abhishek Singhvi – The Economic Times
Advocate Abhishek Singhvi said the controversial circular of the Reserve Bank on stressed assets deserved to be stayed because it was a blanket approach without regard to individual facts
Some power firms taken to NCLT just before SC order – The Economic Times
Lenders dragged a bunch of power companies to the National Company Law Tribunal (NCLT), signalling their intention to seek an early resolution to the issue of bad loans, just
RBI opts out of panel on stressed power assets – The Economic Times
The Reserve Bank of India has refused to be part of the cabinet secretary-led panel set up by the PMO in July to resolve issues of the
Essar Steel bid: ArcelorMittal to Supreme Court: Will pay dues if Essar Steel bid accepted–Economic Times
ArcelorMittal told the Supreme Court it would lift the escrow on Rs 7,000 crore and pay the money owed by Uttam GalvaNSE 3.86 % and KSS Petron, companies in which
SC observation: ‘NCLT must not step in at every stage’ – The Financial Express
The Supreme Court on Thursday said the National Company Law Tribunals (NCLTs) and the appellate tribunal should not entertain petitions by the concerned parties at
Insolvency process: Banks to seek RBI clarity on SC’s status quo order | Business Standard News
Bankers will approach the Reserve Bank of India (RBI) to seek clarity on whether they can proceed with insolvency proceedings against stressed corporate debtors. This follows
[June 6, 2018 Ordinance ] : Sources reveal new recommendations by IBC panel
June 6,2018 Ordinance Government sources have confirmed to ET NOW some of the recommendations of the Insolvency and Bankruptcy Panel recommendations, indicating that the current norms would
NCLT/NCLAT shouldn’t interfere in insolvency resolution proceedings: Supreme Court – The Economic Times
The Supreme Court on Thursday said the National Company Law Tribunal (NCLT) and the Appellate Authority (NCLAT) should refrain from interfering in insolvency resolution proceedings by the Interim Resolution
Don’t interfere in insolvency resolution proceedings: SC to NCLT/NCLAT | Business Standard News
The Supreme Court on Thursday said the National Company Law Tribunal (NCLT) and the Appellate Authority (NCLAT) should refrain from interfering in insolvency resolution proceedings by the
Public sector banks’ governance poses systemic risk – The Hindu BusinessLine
If there is little change in the way the banks are run, a substantial pile of fresh bad debts will be generated again in a
NPA uncertainty: Supreme Court decision will muddy the waters further | Business Standard Editorials
On Tuesday, the Supreme Court issued an order staying further moves against the distressed power sector by its creditors. It also transferred all the pleas in various