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
Category: IBC-SEBI
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,
NCLT to RP: Consider revised plan for Lanco Infrastructure – NEWS – Business Line
National Company Law Tribunal has directed the Insolvency Resolution Professional to consider the revised plan submitted by Thriveni Earthmovers Private Limited in the debt-burdened Lanco
Tata Steel, Liberty House, or JSW Steel, who will win Bankrupt Bhushan Power under IBC? Lenders to take call – The Financial Express
Lifting its earlier stay order, the National Company Law Appellate Tribunal (NCLAT) on Thursday allowed lenders to Bhushan Power and Steel (BPSL) to go ahead
Tata Steel, Liberty House, or JSW Steel, who will win Bankrupt Bhushan Power under IBC? Lenders to take call – The Financial Express
Lifting its earlier stay order, the National Company Law Appellate Tribunal (NCLAT) on Thursday allowed lenders to Bhushan Power and Steel (BPSL) to go ahead
Banks mull AMC route for NPAs with Rs 1-2k-cr debt – The Financial Express
The banker quoted earlier that a lot of smaller power projects would qualify for this approach. Lenders are planning resolutions of stressed assets with outstanding
Panel proposes auction of NPA security receipts worth Rs 90,0000 crore – The Economic Times
The committee on bad-loan resolution led by Punjab National BankNSE -2.96 % chairman Sunil Mehta has suggested a live auction mechanism to help banks free up security receipts worth Rs 90,000
NCLT allows 16 days to examine Thriveni’s revised offer for Lanco Infratech – The Economic Times
The National Company Law Tribunal today extended the deadline by 16 days to facilitate the Committee of Creditors of Lanco Infratech to examine the revised
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