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
Category: IBC-SEBI
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
Apex court takes a judicious step back
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
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
aniltikotekar4sme.com 