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
Category: IBC-SEBI
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
Allahabad High Court reserves order on stressed power assets – The Financial Express
As per the circular, lenders will have to come out with a resolution plan for as many as 34 stressed power plants worth Rs 2.5
Operating guidelines by next week, says SBI deputy MD – The Financial Express
Operating guidelines for lead banks and the steering committee under the inter-creditor agreement (ICA) will be issued by the middle of next week, said C
RBI stands firm: ‘Power sector has chronic defaulters’ – The Financial Express
In a stern rebuttal of the power ministry’s contention that only “external factors” are to be blamed primarily for the high incidence of stress in
NCLAT stays liquidation of Jyoti Structures Ltd – Today’s Paper – The Hindu BusinessLine
The National Company Law Appellate Tribunal (NCLAT) on Monday granted an interim stay on the liquidation of Jyoti Structures Ltd. The National Company Law Tribunal
IBC wins against taxman, yet again – The Hindu BusinessLine
The Supreme Court has ruled that the Insolvency and Bankruptcy Code (IBC) will override Income-Tax rules on claims. “Given Section 238 of the Insolvency and
Creditors of Bhushan Steel stand to lose even after resolution – NEWS – The Hindu BusinessLine
The resolution plan for the debt-ridden Bhushan Steel Ltd is in place with Tata Steel willing to acquire the former for Rs. 35,000 crore, but
NCLAT grants stay on liquidation order passed against Jyoti Structures | Business Standard News
The National Company Law Appellate Tribunal (NCLAT) has granted a stay on the liquidation order passed against insolvent firm Jyoti Structures. The stay order comes after a group of
MCA probes Jet Airways on suspicion of siphoning funds: Sources | Business Standard News
The Ministry of Corporate Affairs is probing allegations of fund siphoning at Jet Airways, the country’s second largest domestic airline by market share. “The probe is at
IBC helps HBN’s retail depositors claim their dues – The Economic Times
The Insolvency and Bankruptcy Code (IBC), considered an exclusive redressal platform for institutional defaults, has yet again come to the rescue of retail depositors. A
Jaypee Infra case: 3,400 homes offered for possession in one year | Business Standard News
The resolution professional for Jaypee Infratech has, in the past nine months, offered 3,400 houses for possession. A source close to the resolution professional said,
Cheque cases to fake licences: Key court orders of the previous week | Business Standard Column
Presumption of debt in cheque cases According to the Negotiable Instruments Act, once a cheque has been signed and issued in favour of the holder,
Bankruptcy law can be extended to cross-border assets: Corp affairs secy | Business Standard News
Corporate affairs secretary Injeti Srinivas on Saturday said the evolving insolvency and bankruptcy law can be extended to cross-border assets. The government is also in looking at hiring more
Insolvency resolution: Timeline same, new law for valuers likely – The Financial Express-R
The government has no immediate plan to extend the period of insolvency resolution from a maximum of 270 days now, a senior official said on
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