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
Category: IBC-SEBI
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
Tata Steel’s Bhushan Steel acquisition hits NCLAT hurdle, may get costlier | Business Standard News
Tata Steel’s acquisition of Bhushan Steel may hit a hurdle as the National Company Law Appellate Tribunal (NCLAT) will re-examine Tata Steel’s eligibility as a
NCLAT reserves order over Bhushan Steel, challenging sale to Tata Steel | Business Standard News
The National Company Law Appellate Tribunal today reserved its order over plea filed by former promoter of Bhushan Steel challenging the sale of the debt-ridden
Delays in resolution and excessive litigation lead banks to sell NCLT exposures for quick cash recoveries – The Financial Express
The accounts which are reported to have seen the most number of lenders exiting are Essar Steel and Bhushan Steel. Lenders have put on sale
One more NPA account resolved in just 5 days; bankrupt Amtek Auto goes to Liberty House – The Financial Express
Amtek Auto, which owes nearly Rs 12,000 crore, was among the 12 big accounts identified by the Reserve Bank of India. The National Company Law
One step back: NCLT rejects Jyoti resolution plan – The Financial Express
While the financial creditors of the company claimed Rs 8,226 crore, the NCLT has admitted claims worth Rs 7,625 crore. The Mumbai bench of the
NCLAT questions Tata Steel on eligibility in Bhushan Steel case – The Financial Express
Bhushan Energy promoters sought the appellate tribunal’s intervention as the termination of the PPA might reduce its valuation. The National Company Law Appellate Tribunal (NCLAT)
Making Sashakt scheme work – The Financial Express
Earlier this month, a committee of representatives from several banks—led by the Punjab National Bank chairman Sunil Mehta—announced an alternative mechanism for resolving bad loans,
4,387 large borrowers account for 90 per cent of NPAs – The Financial Express
The government today said 4,387 large borrowers accounted for Rs 8.6 lakh crore or 90 per cent of total non-performing assets (NPAs) of the banking
A desirable route to flexible resolution
The new inter-creditor agreement (ICA), signed by two dozen banks and financial institutions, to resolve bad loans is welcome. It gives lenders flexibility in taking
IBC amendment allows firms to bid for multiple stressed assets – Business Line
Corporate houses with deep pockets can bid for multiple distressed assets under the insolvency process without getting themselves disqualified under Section 29A of the Insolvency
Banks, FIs come together for faster resolution of stressed accounts – Business Line
In a bid to expeditiously tackle stressed assets aggregating ₹3.10 lakh crore in the ₹50-500-crore category, 24 banks on Monday signed an Inter-Creditor Agreement (ICA)
24 lenders sign an inter-creditor agreement for faster NPA resolutions | Business Standard News
Two dozen lenders including State Bank of India and Punjab National Bank on Monday signed an inter-creditor agreement (ICA) to speed up the resolution process of stressed assets in the range of Rs
Insolvency process: CoC open to new bids for Deccan Chronicle, says NCLT | Business Standard News
The Committee of Creditors of Deccan Chronicle Holdings Limited (DCHL) was open to examining fresh resolution applications, including a modified resolution plan submitted earlier this month by Srei group’s
Moving ahead: Insolvency amendment Bill introduced in Lok Sabha – The Financial Express
Finance minister Piyush Goyal on Monday introduced a Bill to amend the insolvency law that would recognise home buyers as financial creditors and allow genuine