With stressed debt of over Rs 50,000 crore under the independent credit evaluation (ICE) framework, banks have to take a haircut in the range of
Category: IBC-SEBI
politics of economy | अर्थकारणाचे राजकारण – Maharashtra Times
अर्थकारणाचे राजकारण बँकांच्या बुडित कर्जांबाबत रिझर्व्ह बँकेचे माजी गव्हर्नर रघुराम राजन यांनी केलेल्या विवेचनावरून चाललेली राजकीय चिखलफेक दुर्दैवी आहे. कळीच्या विषयावरही कुरघोडी करण्यातच धन्यता मानण्याची ऱ्हस्वदृष्टी राजकीय
Lessons unlearnt: Raghuram Rajan’s explanations for NPA crisis provide a template for banking reforms–Times of India
Raghuram Rajan, governor of RBI between 2013 and 2016, has triggered a political debate between Congress and BJP while communicating his views on India’s bad
New Essar Steel Bids Show IBC’s Potential–Economic Times
ArcelorMittal’s revised offer for Essar Steel, reported to be Rs 42,000 crore, would cover the defaulting company’s principal debt. Besides, the two companies that show
Revised bid for Essar Steel offers “unprecedented value” to creditors: ArcelorMittal – The Economic Times
The revised bid for Essar SteelNSE 0.00 % represents “unprecedented value” to creditors and demonstrates the company’s serious commitment to India, creditor banks and all company stakeholders, ArcelorMittal said
SC orders construction of 514 flats of Unitech from auctioned property funds – The Economic Times
The bench posted the matter for further hearing on September 19. To the relief of aggrieved home buyers of UnitechNSE -7.14 %, the Supreme Court Tuesday
Doubling limit for filing DRT cases will expedite bad loan recovery, says Finance Ministry – The Financial Express
The pecuniary limit was raised last week following amendment in the rules of Recovery of Debts due to Banks and Financial Institutions Act, 1993. (File
Fix NCLT/NCLAT delays – The Financial Express
In the initial bidding round for Essar Steel, one of the bidders was Numetal whose shareholders included a trust in which Rewant Ruia was a
SBI puts Ballarpur Ind, Jai Balaji, Rohit Ferro Tech exposures on sale – The Financial Express
For one account — Modern India Concast — SBI has set a reserve price 27% higher than its outstanding of Rs 71 crore. State Bank
Two independent directors of Jaypee Infratech resign – The Economic Times
Jaypee Infratech, a subsidiary of Jaypee Group’s flagship firm Jaiprakash Associates, is developing about 32,000 flats, of which it has delivered 9,500 apartments. Jaypee Infratech
NPA: Power projects heading to NCLT may get to retain fuel supply pacts – The Economic Times
It is estimated that 60,000-65,000 mw of about 75,000 mw operational coal- based power capacity in the private sector may be under financial stress. Stressed
NPA uncertainty deepens | 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
IBC: Relief for companies as SC stays RBI circular – The Hindu BusinessLine
In a breather to stressed companies, the Supreme Court on Tuesday put an interim stay on the Reserve Bank of India’s February 12 circular asking
‘RBI should have pushed earlier for enactment of the Bankruptcy Code’ – The Hindu BusinessLine
The Reserve Bank of India should probably have raised more flags about the quality of lending in the early days of banking exuberance, said former
Stressed power firms: Relief for 2 power projects; Madras HC stays insolvency proceedings – The Economic Times
Madras High Court has granted interim reprieve to two private power companies by staying insolvency proceedings against their stressed assets. Several other firms, meanwhile, are likely to
Insolvency case: ICICI Bank moves NCLT against JP Associates – The Financial Express
ICICI Bank on Monday filed an insolvency case against Jaiprakash Associates before the Allahabad bench of the National Company Law Tribunal (NCLT), which issued notices
Bidding battle: ArcelorMittal ups the ante in the race for Essar Steel – The Financial Express
Steel major ArcelorMittal will up its bid for Essar Steel to Rs 42,000 crore and will also settle its dues of Rs 7,000 crore to
IBC and Companies Act: Accountability of owners – Will the bells toll now? – The Financial Express
Shuchi Dutta & Kaushik Dutta The year is 1982. A young Swraj Paul has just attempted a hostile takeover of DCM and Escorts, two leading
Power NPA case: SC transfers all pleas filed in different HCs to itself | Business Standard News
In a relief to power companies, the Supreme Court on Tuesday transferred all pleas filed before different high courts to itself in power NPAs case. The apex
Power companies move HC to get more time to settle with lenders – The Economic Times
GMR Energy’s 1320-mw power plant in Chhattisgarh is closest to resolution with Adani Power as the highest bidder. Essar Power, GMR Energy and RattanIndia Power
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