Led by State Bank of India (SBI), lenders have sought the Reserve Bank of India’s (RBI’s) permission to suspend debt resolution proceedings against Videocon Oil Ventures, a subsidiary of Videocon Industries,
Category: IBC-SEBI
Supreme court admits BEL plea seeking setting aside of part of Tata Steel resolution plan – The Financial Express
Supreme court admits BEL plea seeking setting aside of part of Tata Steel resolution plan The Supreme Court on Tuesday admitted an appeal by Bhushan
Can Telangana end Nizam Sugar’s bitter tale? – The Hindu BusinessLine
In a twist to the ongoing insolvency proceedings against Nizam Deccan Sugars Ltd, the Telangana government has sought to come up with a resolution plan.
Rs 4.2 trillion debt to flow in from IBC resolutions by 2019: India Ratings – The Hindu BusinessLine
India Ratings and Research (Ind-Ra) expects around 45 per cent of total bad loans of Rs 10.2 trillion pertaining to the top 500 debt-heavy corporates,
Videocon Industries: Defer insolvency action against Videocon arm: SBI to RBI – The Economic Times
via Videocon Industries: Defer insolvency action against Videocon arm: SBI to RBI – The Economic Times
Hanging tough – The Hindu BusinessLine
The Allahabad High Court has rightly underpinned the RBI’s autonomy and upheld the sanctity of its tough actions on stressed assets In denying interim relief
NCLT directs lenders to appoint Mumbai-based IRP for Uttam Galva Steels | Business Standard News
The National Company Law Tribunal (NCLT) has directed the lenders of steel-producer Uttam Galva Steels Ltd (UGSL) to appoint an Interim Resolution Professional (IRP) to oversee the
Boost to insolvency process: NCLT asks ED to use borrower’s attached assets linked to fraud – The Economic Times
“The latest order should help move hundreds of stuck cases, which are yet to show any value for lenders despite the dedicated bankruptcy court’s order
IPPs to move courts seeking stay of RBI order on insolvency process – The Hindu BusinessLine
Several independent power producers are planning to individually move courts this week seeking relief from the Reserve Bank of India’s circular on the resolution of
Stressed assets: Liquidation, sale on piecemeal basis not the right strategy – NEWS – The Hindu BusinessLine
The liquidation of a company and sale of stressed assets on a piecemeal manner may not be the best way as valuations could further dip
RBI skips meet on stressed power assets; SBI, PNB seek time for resolution | Business Standard News
The first meeting of the high-powered committee (HPC) for resolving stress in the power sector did not see any attendance from the Reserve Bank of India (RBI)
Lending to power sector projects will have to stop: State Bank of India | Business Standard News
The nation’s largest lender State Bank on Friday said banks will have to “abort” lending to infrastructure projects, especially to the power sector, because of the harrowing
Will power NPAs claim a scapegoat?–Economic Times
Everyone is scared of someone. Bankers are reluctant to lend. The regulator is unwilling to relax the rules. The minister is hesitant to tell the
Inconsistency between IBC and regulations – The Financial Express
The IBC has almost completed two years of enactment, and has seen multiple amendments through ordinances. The enactment of the Insolvency and Bankruptcy Code (IBC)
NCLT orders insolvency proceedings against Ind-Bharat Energy; appoints IRP – NEWS – The Hindu BusinessLine
The Hyderabad Bench of the National Company Law Tribunal has permitted corporate insolvency proceedings against Ind-Bharat Energy (Utkal Limited), as per the provisions of the
JSW Energy pips Tata Power JV in race for JP firm Prayagraj – NEWS – The Hindu BusinessLine
JSW Energy has increased its bid for stressed Prayagraj Power Generation, a JP Group company, to about Rs. 6,200 crore from its earlier bid of
Arriving at ‘fair’ value – The Hindu BusinessLine
A market for distressed assets is vital While the discussion on bank lending arrangements to large corporates is an ongoing one, the recent addition is
Now, NBFCs may be allowed to take defaulting borrowers to IBC as RBI may extend resolution framework – The Financial Express
If the resolution is not approved with 180 days, these institutions will have to initiate insolvency resolution under the Insolvency and Bankruptcy Code. India’s central
Stressed power assets: Panel to discuss ARC, no fiat to RBI under Section 7 – The Financial Express
The empowered committee on power, in its crucial meeting on Friday, could discuss a proposal to set up an asset reconstruction company (ARC) to take
IBBI levies penalty on EY partner – NEWS – The Hindu BusinessLine
Insolvency regulator IBBI has slapped a penalty of Rs. 1 lakh on Dinkar T Venkatasubramanian, insolvency resolution professional (IRP) and partner at Ernst & Young
aniltikotekar4sme.com 