The government is planning a separate legislation for registered valuers who can help arrive at a better valuation of bankrupt companies under the insolvency process, a
Category: IBC-SEBI
Jaypee Infratech | NCLT: Supreme Court sends Jaypee Infratech case back to NCLT for fresh resolution
The Supreme Court, which had stalled insolvency proceedings against Jaypee Infratech to protect the interests of homebuyers, has referred it back to the insolvency court to
Resolution under IBC: Creditors recover Rs 5,000 crore – The Financial Express
Of course, the headline numbers are good primarily because of Bhushan Steel, which accounted for close to 64 per cent of the total claims by
Binani Cement creditors allege ‘misconduct’ by RP, say kept out of process – The Financial Express
Operational creditors of Binani Cement on Thursday alleged before the National Company Law Appellate Tribunal (NCLAT) that the resolution professional (RP) kept them out of
Revisions undermine bidding | Business Standard Column
In cases where bidding is the norm for the sale or lease of an asset, or even for government procurement, it is accompanied by a
Shareholding in IPAs: IBBI seeks to cap stake of multilateral bodies at 15% – The Financial Express
The Insolvency and Bankruptcy Board of India (IBBI) has floated a discussion paper, proposing to cap the stake of multilateral institutions in an insolvency professionals
Insolvency proceeding: JSW Steel bid for Bhushan Power is lenders’ top pick – The Financial Express
Insolvency proceeding: JSW Steel bid for Bhushan Power is lenders’ top pick Lenders to Bhushan Power and Steel have zeroed in on JSW Steel as
Lenders can sell assets of personal guarantors under IBC: Apex court – The Financial Express
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
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
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