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
Category: IBC-SEBI
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
Banks have to take up to 50% haircut on stressed debt of Rs 50,000 cr under ICE framework: Study – The Hindu BusinessLine
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
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
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