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
Category: IBC-SEBI
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
With NPAs worth Rs 500 bn, banks need 40-60% haircut to get RP4 rating | Business Standard News
With bad loans worth over Rs 500 billion under RBI’s independent credit evaluation (ICE) framework, a report on Wednesday said that banks need to take a haircut of 40-60
Supreme Hiatus in Insolvency Proceedings–Economic Times
The Supreme Court has stayed bankruptcy proceedings set to be initiated against power producers and others till mid-November. Assorted debtors had challenged bankruptcy proceedings that
RBI Ex-Governors’ Insights on NPAs–Economic Times
This week, two former governors of the Reserve Bank of India (RBI) have spoken about financial and banking crises. Duvvuri Subbarao, governor from 2008-13 spoke
Raghuram Rajan | NCLT: Big promoters using IBC to file frivolous appeals: Raghuram Rajan–Economic Times
Some of the promoters of companies in default are still attempting to game the system and the judiciary should resist its temptation to encourage frivolous
Banks may show photos of assets to be auctioned – The Economic Times
Soon, banks may show photographs of properties that they put up for auction, along with relevant documents, just like some of the real estate portals do as
RBI Bankruptcy Deadline: RBI’s deadline for bankrupt companies: Supreme Court stays insolvency proceedings against defaulters–Economic Times
The Supreme Court halted insolvency proceedings against defaulters in the power, sugar, shipping and textile sectors, providing relief to borrowers hours before the deadline for referring them to insolvency
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