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
Category: IBC-SEBI
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
Huge write-off: Banks to take 92% haircut in Adhunik Metaliks case – The Financial Express
This is the third large company to be resolved under the Insolvency and Bankruptcy Code (IBC) after Bhushan Steel and Electrosteel Steels. Lenders to Adhunik
NCLT approves Liberty House’s resolution plan to acquire Adhunik Metaliks – Business Line
The Kolkata bench of the National Company Law Tribunal (NCLT) on Tuesday approved Liberty House’s resolution plan to acquire Adhunik Metaliks. The bench comprising Justice
Ringside View: Inter-creditor agreement- dead on arrival? – The Economic Times
Banks have to initiate bankruptcy proceedings within 180 days of missing payments in any account above Rs 2,000 crore if they are unable to restructure.
Uttam Galva IBC proceedings: NCLT awaits ruling on ArcelorMittal bid | Business Standard News
The National Company Law Tribunal (NCLT) adjourned the hearing of insolvent firm Uttam Galva Steels (UGSL) till August 13, saying it was waiting for the National Company Law and
Insolvency proceedings: Tata Steel readying blueprint to buy Bhushan Power | Business Standard News–16.07.2018
Tata Steel is gearing up to acquire Bhushan Power & Steel, going through insolvency proceedings, if it gets the requisite approvals. Much like the Bhushan Steel
Making Sashakt stronger | Business Standard Column–16.07.2017
Sashakt takes a much-needed stab at creating a structure outside the bank to systematically park distressed asset for resolution. The proposal of inter-creditor agreement to
ARC ‘cure’ may compound NPA disease – Business Line–16.07.2018
Low provisioning for security receipts against stressed assets could hurt banks Banks, which are already groaning under the burden of non-performing assets (NPAs) imposed
56 lenders to sign inter-creditor agreement in a few days – The Economic Times—–
The agreement says each resolution plan would be submitted to an overseeing committee comprising experts from the banking industry. As many as 56 lenders are
Operational creditors of Bhushan Power may halt work at Jharsuguda plant | Business Standard News—–
Around 1,200 operational creditors of Bhushan Power and Steel plan to bring the company’s Jharsuguda plant to a stand-still. Operational creditors of the debt-ridden company told Business Standard they would ensure there was no
NCLAT rejects Liberty House plea to stay Bhushan Power’s resolution process | Business Standard News—–
The lenders of Bhushan Power and Steel are in the process of finalising the bids The National Company Law Appellate Tribunal (NCLAT) today turned down the plea
‘Resolution process cannot please everyone’ – NEWS – Business Line—–
Deloitte Touche Tohmatsu India had made its mark in the IBC process by finding the first suitor for a stressed asset. Tata Steel walked away
To simplify GST, 28 per cent tax slab has to go: CEA Arvind Subramanian | The Indian Express—–
Outgoing Chief Economic Advisor Arvind Subramanian Wednesday said that removing the highest 28 per cent slab and a uniform rate of cess should be the
Fee regulations for insolvency professionals soon – Business Line—–
The Insolvency and Bankruptcy Board of India (IBBI) may shortly go for some “light touch” regulations on the increasingly controversial aspect of fees quoted by
JSW Steel: Clarify NCLT processes; consider safeguard duty on the metal – NEWS – Business Line
JSW Steel has announced plans to invest Rs. 40,000 crore in the next three years, even as lending rates continue to rise globally. Seshagiri Rao,
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