The Supreme Court on Tuesday ruled that banks can sell off assets of personal guarantors even when corporate resolution proceedings are on against the corporate
Category: IBC-SEBI
Bankruptcy: Bhushan Power & Steel IRP alleges leak of CoC meeting deliberations – The Economic Times
Tata Steel, Liberty House and JSW have submitted bids for the second time to acquire debt-laden Bhushan Power and Steel Ltd, sources in the know
IBC | Home buyers: Are home buyers secured financial creditors or unsecured creditors under IBC?
By Aditya Khadria and Sivaprakasam Babu On June 6, the Insolvency and Bankruptcy Code, 2016 (IBC) was amended through the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018
Bhushan Power creditors to consider revised bids today – NEWS – The Hindu BusinessLine
The Committee of Creditors will consider the revised bids for Bhushan Power and Steel on Tuesday as the deadline for three final bidders – JSW
‘NPA additions to slow down after Sept 2019’ – The Hindu BusinessLine
The overall stress in commercial lending has not been increasing and the NPA addition to the banking system is expected to slow down after September
RBI lens on 200 bad-loan accounts – The Economic Times
The Reserve Bank of India (RBI) has been examining about 200 bad-loan accounts going as far back as 2011as part of its annual inspection of
Lok Sabha polls on mind, Modi govt readies comprehensive package for MSMEs | Business Standard News
As the country heads towards assembly elections later this year and with the Lok Sabha elections scheduled in 2019, the Narendra Modi government is preparing a comprehensive
IBC process: 137 firms set for liquidation, but buyer interest is muted | Business Standard News
The majority of companies going for liquidation under the Insolvency and Bankruptcy Code (IBC) have been non-operational for almost over a decade. With assets depreciating over time, experts say,
What’s your revival plan, SBI asks Jet Airways seeking more loans – The Economic Times
Financially troubled Jet AirwaysNSE -0.94 % has asked State Bank of IndiaNSE -2.53 % for emergency funding, but the bank that burnt its fingers with Kingfisher AirlinesNSE -11.11 % is demanding
Strengthening the IBC | Business Standard Editorials
One of the concerns about the Insolvency and Bankruptcy Code (IBC) has always been how well it will stand up to legal tests. The National Company Law Tribunal (NCLT),
Power sector NPAs: Govt, RBI’s different stand in HC could create confusion | Business Standard Column
Insolvency concerns might have caused further distress in a large number of infrastructure companies but the power sector is being dealt with by the government differently. The
Tata Steel and Vedanta eligible to buy stressed assets of Bhushan Steel and Electrosteel: NCLAT – NEWS – The Hindu BusinessLine
The National Company Law Appellate Tribunal (NCLAT) on Friday dismissed a petition questioning the eligibility of Tata Steel and Vedanta to acquire the stressed assets
Some companies under insolvency resolution face fraud check – The Economic Times
About a dozen companies undergoing bankruptcy resolution are being reviewed by banks and investigating agencies for fraudulent activities including diversion of funds. A senior government
Bid eligibility challenge: NCLAT clears the deck for Tata Steel and Vedanta – The Financial Express
In the same order, the bench also held that Tata Steel’s resolution plan was fair and equitable to all the creditors, including the operational creditors
No Supreme Court stay on NCLAT’s Bhushan Power order – The Financial Express
In a setback for Tata Steel, the Supreme Court on Friday refused to stay the National Company Law Appellate Tribunal (NCLAT) order that allowed the three bidders
SC stays NCLAT order allowing asset freeze of 4 independent directors – The Financial Express
n a case that will redefine the role of independent directors in the corporate sector, the Supreme Court on Friday stayed the National Company Law
NCLT benches may be doubled to cope with rising cases – The Financial Express
According to government data, till March 31, 2018, as many as 701 corporates had been admitted into resolution process, of which 67 were closed on
Nothing called partial defaulters, IBC must apply equally to all: RBI | Business Standard News
The Reserve Bank of India (RBI) in its submission to the Allahabad High Court, which is hearing a case filed against the Insolvency and Bankruptcy Code (IBC),
Former Bhushan Steel promoter Neeraj Singal held for siphoning off Rs 20 bn | Business Standard News
The Serious Fraud Investigation Office (SFIO) has arrested Bhushan Steel’s former promoter Neeraj Singal after an investigation was conducted on the company and the promoter. The SFIO arrested him
Don’t ignore risks | Business Standard Editorials
The Union government will reportedly hold discussions with the Reserve Bank of India (RBI) in an attempt to have the regulator dilute the capital requirements for Indian
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