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,
Category: IBC-SEBI
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
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)
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