Hearing a petition filed by Larsen & Toubro (L&T), the appellate tribunal asked Tata Steel to provide the details by Tuesday, when it is scheduled
Category: IBC-SEBI
Bhushan Power: Little liberty for lenders to select winning bidder – The Financial Express
Bhushan Power and Steel owed lenders close to Rs 47,000 crore as on March 31, 2017. Even though it is yet to take a call
Lenders sign inter-creditor pact to tackle bad loans – The Financial Express
Lenders sign inter-creditor pact to tackle bad loans As many as two dozen lenders signed the inter-creditor agreement (ICA) on Monday to tackle bad loans
Bhushan Power: Little liberty for lenders to select winning bidder – The Financial Express
Bhushan Power and Steel owed lenders close to Rs 47,000 crore as on March 31, 2017. Even though it is yet to take a call
NCLAT directs lenders to consider all 3 bids for Bhushan – Business Line
The National Company Law Appellate Tribunal has directed the Committee of Creditors of Bhushan Power to consider all three bids submitted by Tata Steel, Liberty
JAL asks SC to evaluate its financial capability – The Financial Express
Homebuyers also argued that an independent committee be set up which can assess the financial health and credibility of interested bidders who have expressed interest
Liquidation of Jaypee group firm would serve no purpose: Supreme Court – The Financial Express
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
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
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