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
Category: IBC-SEBI
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
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,