The government must respect the High Court’s decision to not provide any kind of interim relief to these troubled firms. While the Allahabad High Court
Category: IBC-SEBI
bank loans: Stressed assets: Big bank clean-up enters the last lap – The Economic Times
Incidentally, the last ray of hope has also faded for India Inc, with the Allahabad High Court refusing to provide any relief to power companies.
Don’t issue a directive to RBI on stressed power companies – The Financial Express
The government must respect the High Court’s decision to not provide any kind of interim relief to these troubled firms. While the Allahabad High Court
Allahabad High Court order fails to resolve all issues of power sector | Business Standard News
The Allahabad High Court (HC) order has not cleared the air for stressed power assets that have insolvency looming over them, leaving the door open for more
bad loans: Lenders will have 15-days to resolve the stressed accounts that come within RBI’s Feb 12 circular – The Economic Times
Banks will have a window of another 15 days to resolve the stressed assets that comes within the remit of the Reserve Bank of India’s
The policymaker versus the promoter – The Financial Express
The government—being the main equity holder in PSU banks—appears to be warming up to the idea of waiver for the power sector from RBI’s new
Insolvency resolution: NCLAT order on Essar Steel this week, say bankers | Business Standard News
With the National Company Law Appellate Tribunal (NCLAT) order on Essar Steel expected this week, bankers said they were hoping Numetal, ArcelorMittal, and Vedanta to revise their
IBC process: Two fresh bids for Nagarjuna after NCLT rejects liquidation | Business Standard News
Two fresh bids have been submitted after the insolvency process for Nagarjuna Oil Corporation (NOCL) ran into controversy. The firm’s committee of creditors (CoC) was recommending liquidation,
NCLT orders liquidation of Lanco Infratech, appoints Savan Godiawala as RP | Business Standard News
The Hyderabad Bench of the National Company Law Tribunal (NCLT) on Monday ordered the liquidation of Lanco Infratech Limited (LITL), the holding company of the
Judicious decision | Business Standard Editorials
The Allahabad High Court has taken the right decision by denying interim relief to power companies from the Reserve Bank of India’s (RBI’s) February 12
Stressed power assets: 180-day deadline breach not end of road, say bankers | Business Standard News
Banks may breach the 180-day deadline of August 27 for firming up a resolution plan on big-ticket stressed accounts. But that is not the end of the
Economy of India RBI | आज काय होणार? | Loksatta
कांकडील सुमारे चार लाख कोटी रुपयांच्या थकीत कर्जाच्या वसुलीचा ठोस कार्यक्रम रिझव्र्ह बँकेस सादर झाला नाही, तर ७० कंपन्या लिलावात निघतील.. आज, सोमवारी सायंकाळी रिझव्र्ह
Tata Steel set to scrap Bhushan Steel-energy deal – The Economic Times
Tata SteelNSE 1.20 % has started the process of cancelling power purchase agreements (PPAs) between Bhushan SteelNSE -0.36 %, a company it acquired through bankruptcy resolution proceedings, and Bhushan Energy in
Tax authorities left high and dry in IBC cases – The Hindu BusinessLine
The judiciary’s latest stand may prohibit the tax authorities from making appeals Last week, the Supreme Court ruled that the Insolvency and Bankruptcy Code (IBC)
Bankruptcy: Bankruptcy sword looms over 60 companies owing Rs 3.5L crore – The Economic Times
Banks will have to initiate bankruptcy proceedings against dozens of corporate defaulters next week as the six-month deadline set by the RBI on February 12 ends on Monday. The
NCLT recruitment 2018: Government seeks applications to fill judicial, technical member posts; check last date to apply – The Financial Express
NCLT recruitment drive The government has sought applications for filling up as many as 36 posts of judicial and technical members at the National Company
High and dry in the IBC era | Business Standard Column
At 20 per cent, India has so far had the world’s lowest bad-loan recovery rate. As a result, in comparison to a year for London and
Tax authorities left high and dry in IBC cases – The Hindu BusinessLine
The judiciary’s latest stand may prohibit the tax authorities from making appeals Last week, the Supreme Court ruled that the Insolvency and Bankruptcy Code (IBC)
RCom gets relief from overseas bondholders; plan cleared for a 42% haircut | Business Standard News
In a development that takes it closer to averting bankruptcy proceedings, Reliance Communications (RCom) has secured approval of its overseas bondholders for the revised terms.
Just 3 days left: Round 2 of war on NPAs to begin soon; here’s what RBI rule states – The Financial Express
Just 3 days left: Round 2 of war on NPA to begin soon; here’s what RBI rule states Round two of the war on non-performing
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