The home buyers had moved the apex court stating that around 32,000 people had booked flats and were now paying instalments. Liquidation of real estate
Category: IBC-SEBI
Jaypee Infra case: IBBI, IRP ask SC to constitute fresh CoC – The Financial Express
Singapore-based Cube Highways, through senior counsel Gopal Jain, argued that it was willing to bring in Rs 3,300 crore upfront for takeover of the 165-km
Bankruptcy: NCLT approves JK Paper’s Rs 371 cr bid for Sirpur Paper Mills – The Economic Times
K PaperNSE -4.51 % today said the NCLT has approved its Rs 371 crore bid for debt-ridden Sirpur Paper Mills under the insolvency resolution process. The Hyderabad bench of the National Company
Focus on maximising value, not who bids
The changes to the Insolvency and Bankruptcy Code to ease entry barrier for promoters of companies that are in the insolvency row are welcome. The
One more NPA resolution under IBC! AION-JSW consortia gets NCLT nod to acquire bankrupt Monnet Ispat – The Financial Express
The JSW Steel-AION Capital consortium bid has got the official nod from NCLT for Monnet Ispat NPA resolution under IBC: The AION Capital-JSW Steel consortium bid has
Realty projects: Corpus may take on stressed assets | The Indian Express
A proposal to halve the goods and services tax rate for the sector to 6 per cent was also floated by some to boost demand
Can Project Sashakt take off in time to prevent NPAs from moving to IBC? | Business Standard News
Till recently, the Insolvency and Bankruptcy Code (IBC) was projected by the government as a silver bullet for resolving the bad loans that have been plaguing the banking system.
After public outcry, Govt drops FRDI Bill – Business Line
The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy. The Union Cabinet,
Insolvency: For a voice in CoC, home buyers have to choose authorised representatives electronically – INTERNATIONAL – Business Line
Throwing its weight behind ‘electronic’ process, insolvency regulator IBBI has mandated that any class of creditors looking for a representation in the Committee of Creditors
Insolvency and Bankruptcy Code: Cabinet okays ordinance to amend IBC – The Economic Times
The Union Cabinet approved additional changes to Insolvency and Bankruptcy Code through an ordinance, easing rules to enable promoters of micro, small and medium enterprises to bid for their
Government likely to withdraw controversial FRDI Bill in current Parliament session – The Economic Times
This provision had raised concerns that deposits could be used to bail out failing banks. The government is likely to withdraw the controversial FRDI Bill in the
Fight for Essar Steel: Arcelor to pay Uttam, KSS dues – The Financial Express
Numetal and ArcelorMittal had filed petitions in the NCLAT challenging the disqualification of their first round of bids by the resolution professional. (Reuters) ArcelorMittal, which
Jaypee Infra case: IBBI, IRP ask SC to constitute fresh CoC – The Financial Express
Singapore-based Cube Highways, through senior counsel Gopal Jain, argued that it was willing to bring in Rs 3,300 crore upfront for takeover of the 165-km
Lenders file insolvency plea against 13 Videocon units – The Financial Express
Most of these subsidiaries are likely to be admitted by the National Company Law Tribunal (NCLT) for insolvency proceeding by next month. Lenders to the
Have loans? Reasons that can lead a small business to bankruptcy – The Economic Times
By Rishi Mehra Various events and the manner in which a business is run can lead to its bankruptcy. If you have creditors, it is
Bids for Bhushan Power: Post plea, NCLAT bars lenders from voting – The Economic Times
The appellate bankruptcy court on Tuesday barred lenders from voting for the highest bidder for Bhushan Power, following a plea from Liberty House that a transparent process was not
Insolvency process: Videocon lenders’ claims at Rs 59,000 crore – The Financial Express
The company reported a net loss of Rs 2,709 crore on net sales of Rs 13,743 crore in FY17, which was a 15-month period following
Bhushan Power Case: Wait till we rule on IBC – Supreme Court to NCLT – The Financial Express
Even as the government has stood firm on resisting a call for easing the exclusion norms under the insolvency resolution process to retain its integrity
Bhushan Power Case: NCLAT raps RP on no voice for CoC – The Financial Express
National Company Law Appellate Tribunal (NCLAT) on Tuesday stayed the scheduled voting of the lenders to finalise the most preferred bidder for the bankrupt firm
Quicken NCLT process – Courts need to find ways to reduce delays in insolvency resolution – The Financial Express
The resolution of Essar Steel has been dragging on for about a year now with even the grace period of 90 days, after the stipulated
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