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,
Category: IBC-SEBI
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
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
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