The Supreme Court has ordered reversion to the National Company Law Tribunal (NCLT) of the Jaypee Infratech Ltd (JIL) resolution process, through which one major
Category: IBC-SEBI
Clock starts on Jaypee Group insolvency: Supreme Court hands over to NCLT; 180-day limitation begins today – The Financial Express
In a setback to the Jaypee group, the Supreme Court today asked the National Company Law Tribunal (NCLT), Allahabad, to deal with the insolvency proceedings
PSB privatisation will take care of governance issues: IMF report – The Hindu BusinessLine
More aggressive disinvestment and privatisation of public sector banks (PSBs) would address some of the structural issues in governance, such as incentives and efficiency of
Panel suggests higher threshold for NCLT cases – The Economic Times
The 14-member expert committee set up by the government to suggest decriminalisation of less-significant violations of the companies law has favoured an increase in the
Not easy for home buyer to recover from defaulting builder under IBC: NCLT President – The Economic Times
Unless the Supreme Court comes to their rescue, there are many risks for homebuyers under the IBC, said Justice Kumar It is not a “cakewalk”
Can’t allow late NCLT bids; this vitiates the bidding process, tribunals must rule against it – The Financial Express
It is indeed a pity that Tata Steel needed to knock on the doors of the Supreme Court to protest against the tribunals entertaining late
Stressed power assets: RBI should amend order, says panel – The Financial Express
The RBI’s February circular stipulates a one-day default rule on term loans, which mandates treating a borrower who misses repayments as a defaulter the very
Undeclared NPAs in FY18 still at Rs 3 lakh crore – The Economic Times
There are over Rs 3 lakh crore worth of undeclared non-performing assets in the books of banks as of March 2018. These are by borrowers who have defaulted to
Project Sashakt: PSBs will need Rs 1.3 trn to tackle bad loans, says panel | Business Standard News
Public sector banks (PSBs) will need an additional capital of Rs 1.1-1.3 trillion over the next two years to implement a five-point strategy to tackle bad
Reinforcing IBC | Business Standard Editorials
The Ministry of Corporate Affairs’ decision to set up eight special courts under the National Company Law Tribunal (NCLT) to deal specifically with insolvency cases
NCLAT extends deadline for submission of revised bid for Bhushan Power & Steel – The Financial Express
The National Company Law Appellate Tribunal (NCLAT) today extended the deadline for submission of revised bids for debt-ridden Bhushan Power and Steel by one week
Bhushan Power rebid process violates NCLAT orders: Tata Steel – The Economic Times
Bhushan Power rebid process violates NCLAT orders: Tata Steel steelindustry-ap.jpg.webp10.7 KB Tata Steel’s offer stands at Rs 17,000 crore. Bhushan Power and Steel owes about
Govt plans eight special courts under NCLT to deal with insolvency cases | Business Standard News
The corporate affairs ministry has proposed setting up special courts under the National Company Law Tribunal (NCLT) to deal with insolvency cases. Ministry officials say eight courts are proposed
Prioritise pushing large firms via IBC | Business Standard Column
India has begun on resolving the corporate balance sheet, and four big firms have completed the process. The data for 2015-16 shows that there were
Debt resolution process: Rising litigation mars success of IBC | Business Standard News
Six months after the Reserve Bank of India (RBI) deadline for the second list of non-performing assets (NPAs), 17 of the 28 cases have been
Bhushan Power: Tatas move SC against revised bids – NEWS – The Hindu BusinessLine
Tata Steel has moved the Supreme Court against the National Company Law Appellate Tribunal decision to consider revised bids for stressed asset Bhushan Power and
SC to hear Tata Steel plea against rebids for Bhushan Power on August 10 | Business Standard News
The Supreme Court will hear a Tata Steel petition challenging the revised bids for Bhushan Power & Steel only on August 10 even as the new offers are expected to be
Insolvency and Bankruptcy Code: Govt ready to make further changes to IBC if needed – The Financial Express-R
The Code, which comes under the corporate affairs ministry, has already been amended twice. The government is ready to make further changes to the Insolvency
SC allows RCom to sell telecom assets worth Rs 181 billion to Reliance Jio | Business Standard News
The Supreme Court on Friday allowed Anil Ambani-owned Reliance Communications (RCom) to sell its telecom assets worth about Rs 181 billion to Reliance Jio, controlled
A game changer, IBC will have positive impact on economy: Injeti Srinivas – The Hindu BusinessLine
The Centre on Friday sought to silence critics of the Insolvency and Bankruptcy Code (IBC), who contended that the entire process was leading to “huge
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