The bench said “permission is granted” to the bank to move to NCLT so that its claim did not become time barred. The Supreme Court
Category: IBC-SEBI
Bhushan Power & Steel: Bhushan Power lenders allowed JSW Steel to change parameters of bids: Tata Steel – The Economic Times
A two-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya has listed the matter on September 24 for next hearing. Tata SteelNSE 0.99 % Thursday
With IBC the preferred route for debt recovery, NCLTs are snowed –The Hindu BusinessLine
The average haircut that lenders take under the Insolvency and Bankruptcy Code (IBC) is at 51 per cent so far, and the process has emerged
Third-party Insurance Rule: New rules of third-party insurance: Should you buy package or bundled policy now?
With the introduction of multi-year third-party covers, it becomes all the more important that you make an informed decision. If you buy a car after
Bank depositors should be recognised as financial creditors in IBC cases – The Economic Times
y M R Umarji The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill ), which was introduced in Parliament, was recently withdrawn by the
Are MSMEs hampered by insolvency and Bankruptcy code? – The Financial Express
One of the issues that has not yet caught the attention of the government or the IBBI is the treatment of MSMEs under the resolution
Debt resolution under IBC process: Banks take 47% haircut in RBI first list | Business Standard News
With debt resolution under the Insolvency and Bankruptcy Code process picking up, banks have seen Rs 550 billion of recoveries at an average 47% haircut in the Reserve Bank of India’s (RBI) first
Lenders seek extension on resolution proceedings against Videocon Oil | Business Standard News
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,
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
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