Public sector banks have declared more than 1,100 debtors as ‘wilful defaulters’ during March 2016 to June 2018. In value terms, this is a 67
Category: IBC-SEBI
LLPs are here to stay – Here is why – The Financial Express
Conceptually, the Limited Liability Partnership (LLP) law was introduced in India in 2008 to create a platform where business can be carried out as a
Can IBC turn around the investment cycle? – The Financial Express
India has improved its ranking in both the World Bank’s Ease of Doing Business and the World Economic Forum’s Competitiveness Index by more than 30
Bhushan Power and Steel: NCLAT asks creditors’ panel to allow fresh offers by all bidders – NEWS – The Hindu BusinessLine
n a major setback to Tata Steel, the National Company Law Appellate Tribunal (NCLAT) has ordered the Committee of Creditors (CoC) of Bhushan Power and
Bhushan Power & Steel: NCLAT allows rebids by all – The Financial Express
Bhushan Power & Steel: NCLAT allows rebids by all The National Company Law Appellate Tribunal (NCLAT) on Wednesday allowed the three bidders — Tata Steel, JSW Steel
Banks expect Rs 50,000 crore haircut under AMC/AIF model – The Economic Times
Banks expect a haircut of about Rs 50,000 crore under the proposed asset management company (AMC)/Alternate Investment Fund (AIF) model for resolution of stressed loans.
IBC ordinance was not to favour any corporate house: Goyal – The Economic Times
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
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
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