The minister also said that certain exceptions in the code have been made to help speedier resolution of stressed assets in the MSME sector. The
Category: IBC-SEBI
Send IBC bill to standing committee: Opposition in Lok Sabha – The Economic Times
The bill seeks to create monopoly as 2 or 3 steel companies would gobble up the industry and then there would be cartelisation, Ray said.
Only JSW Steel submits revised bid to Bhushan Power lenders – The Economic Times
Lenders of Bhushan Power & Steel have received only one revised bid –– from JSW SteelNSE 0.78 % –– for the bankrupt company as the other two
I-T dept can’t attach property being liquidated under IBC – Today’s Paper – The Hindu BusinessLine
Government agencies don’t have rights on the encumbered property of a company facing liquidation under the Insolvency and Bankruptcy Code, the Hyderabad High Court has
Lok Sabha passes Insolvency Bill – NEWS – The Hindu BusinessLine
The Lok Sabha on Tuesday gave its nod for the Insolvency and Bankruptcy Code (Second Amendment) Bill 2018 that seeks to replace the June 6
Spare the taxpayer | Business Standard Editorials
The government’s failed attempt to privatise the airline it owns, Air India (AI), is already bearing bitter fruit. The airline is behind on its payments to several
Speeding up the process: NCLT may move cases to other benches – The Financial Express
Speeding up the process: NCLT may move cases to other benches The Insolvency and Bankruptcy Board of India (IBBI) is considering allowing cases admitted by
Asset quality review: RBI auditing banks’ books for weak accounts – The Financial Express
The Reserve Bank of India (RBI) has, for more than three weeks, been checking for stressed assets on banks’ books to ensure no “weak” account
NCLT allows merger of LLP, private companies – The Economic Times
In what could kick off a new wave of mergers and acquisitions and open a new frontier in the resolution space, Chennai National Company Law
Quo vadis public sector banks? – The Hindu BusinessLine
More than the bad loans and the losses, what should worry us is the state of lending At ₹10-lakh crore, India’s bank NPAs crossed a
File all NCLT petitions on shell firms by August, CBDT tells Income Tax department – The Financial Express
The Central Board of Direct Taxes (CBDT), in May, had directed the tax department to form a special team of officers to complete the task
Inputs for Allahabad High Court: RBI’s one-size-fits-all policy imprudent, says Finance Ministry – 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
Inter-creditor agreement: Legal issues may affect operations, say experts | Business Standard Column
Barely days after 24 public sector banks signed an inter-creditor agreement (ICA), as part of recently initiated bank-led resolution approach (BLRA) to deal with distressed assets, there appears to
Bhushan Power: Tatas, Liberty House will have to match JSWs ₹19,000-cr bid – The Hindu BusinessLine
Tata Steel and Liberty House, the incumbent lead bidders for the stressed Bhushan Power and Steel, will have to revise their bids upwards to stay
Stressed assets: Govt wants IBC relief for a dozen power projects | Business Standard News
The Centre, in its submission to the Allahabad High Court, could seek regulatory relief for a dozen power projects with an overall debt exposure of around Rs
RBI backs plan to have an ARC take over stressed power assets – The Hindu BusinessLine
The Reserve Bank of India has seconded the Rural Electrification Corporation’s proposal to form an Asset Reconstruction Company (ARC) to take over stressed assets in
Sajjan Jindal’s JSW Steel revises offer for Bhushan Power to Rs 180 billion | Business Standard News
In a dramatic twist, Sajjan Jindal’s JSW Steel has revised its offer for Bhushan Power & Steel to Rs 180 billion, prompting the committee of creditors (CoC) to invite
Sajjan Jindal’s JSW Steel revises offer for Bhushan Power to Rs 180 billion | Business Standard News
In a dramatic twist, Sajjan Jindal’s JSW Steel has revised its offer for Bhushan Power & Steel to Rs 180 billion, prompting the committee of creditors (CoC) to invite
Stressed assets: Govt wants IBC relief for a dozen power projects | Evernote Web
he Centre, in its submission to the Allahabad High Court, could seek regulatory relief for a dozen power projects with an overall debt exposure of around Rs
Abduction to blackmail: Professionals hired to resolve bad loans face risks | Business Standard News-R
Devendra Jain was abducted one muggy Mumbai afternoon last September, whisked away in a car by angry investors of an insolvent firm he was tasked
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