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
Category: IBC-SEBI
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
Bankruptcy: Government hints at new law for registered valuers – The Financial Express-R
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
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
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