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
Category: IBC-SEBI
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
IBBI inaugurates one-day programme for insolvency professionals – The Financial Express-R
“Insolvency and Bankruptcy Board of India (IBBI) Chairperson M S Sahoo inaugurated one-day refresher programme for insolvency professionals here today,” an official statement said. IBBI
Clock is ticking for Rs 3.8 trn stressed assets; 70 firms may land in NCLT | Business Standard News
The fate of about 70 big-ticket stressed accounts with loans of over Rs 3.8 trillion is uncertain as the deadline of August 27 for firming
Patanjali moves NCLT against Ruchi Soya lenders approving Adani Wilmar bid | Business Standard News
Ramdev-led Patanjali Ayurved has approached the NCLT challenging the decision by Ruchi Soya’s lenders to approve Adani Wilmar’s Rs 60 billion (Rs 6,000 crore) takeover bid. The
More financial scams in the offing, says West Bengal FM Amit Mitra | Business Standard News
West Bengal Finance Minister Amit Mitra has termed the rising non-performing assets (NPAs) in the economy as a “serious crisis”. “Macroeconomic scenario of the banking
IVRCL’s insolvency resolution period extended by 90 days – The Hindu BusinessLine
The National Company Law Tribunal (NCLT), Hyderabad has extended the duration of the corporate insolvency resolution process period for IVRCL Ltd by an additional 90
IBBI cancels registration of an IP for contravention of insolvency process – NEWS – The Hindu BusinessLine
In the first ever instance of ‘harshest punishment’ on an insolvency professional (IP), the insolvency regulator, IBBI, has cancelled the registration of Mukesh Mohan, for
Gemini Communication Ltd. – Corporate Insolvency Resolution Process (CIRP)-List of Creditors – The Hindu BusinessLine
We are hereby enclosed list of Creditors updated as on 11th August 2018 of Gemini Communication Limited as required to be displayed under Regulation 13(2)(c)
Power sector NPAs call for unique fix–Economic Times
Flawed politics has stricken the power sector, and its woes have spilt over into banking, a fifth of whose non-performing assets, currently estimated at Rs
Power sector NPAs call for unique fix
Flawed politics has stricken the power sector, and its woes have spilt over into banking, a fifth of whose non-performing assets, currently estimated at Rs
After IBC war on NPAs, Modi government gets tough on bank frauds; warns CEOs to keep check or face action – The Financial Express
In a stern warning to bankers, the Finance Ministry has asked chief executives of public sector banks (PSBs) to check all NPA accounts exceeding Rs
Lanco Infratech insolvency case sees another twist – NEWS – The Hindu BusinessLine
The ongoing insolvency case against Lanco Infratech Ltd now has Power Mech Projects Ltd, a potential bidder, submitting an Expression of Interest, to be a
Deccan Chronicle Holdings moves Hyderabad HC against move to seize office | Business Standard News
Indiabulls says it has an exclusive lien over Deccan Chronicle’s corporate office in Secunderabad and a printing press property on the city’s outskirts. The resolution
Indiabulls attempts to seize Deccan Chronicle office, taken to Hyderabad HC | Business Standard News
The resolution professional of Deccan Chronicle Holdings Limited (DCHL) on Tuesday approached the Hyderabad High Court seeking orders against an attempted seizure of the company’s corporate office by Indiabulls.
Unitech case: Supreme Court orders sale of personal assets – The Financial Express
Cracking its whip on Unitech, the Supreme Court on Tuesday asked the Dhingra committee to sell all the unencumbered personal assets of the directors of
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