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
Category: IBC-SEBI
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
No concentration of power under creditors’ pact: SBI – The Economic Times
Rubbishing allegations that State Bank of IndiaNSE -1.90 % would get an upper hand under the new inter-creditor arrangement for stressed loans, chairman Rajnish Kumar said no power was being
Accountants: Tighter rules coming up for CAs, valuers and monitoring agencies – The Economic Times
Sebi has proposed amendments to tighten laws governing auditors and other third-party individuals hired by listed companies for auditing financial results, among other things. The
MSDE, IBBI announce training programme for new job role of insolvency associates – The Economic Times—–
This first-of-a-kind course, designed to provide the Indian youth with better career opportunities, will help them contribute to the overall growth and development of the
Lenders may be allowed to change NCLT bench – The Economic Times
Many in the corporate world are shaken by Reserve Bank of India’s queries on foreign investments that companies have received over the years, the declarations they have to give
EXCLUSIVE | Bankruptcy Code: Are homebuyers secured financial creditors? Read builder agreement carefully – The Financial Express—–R
MS Sahoo, the chairman of the Insolvency and Bankruptcy Board of India that notified regulations for corporate resolution process last week, also says an insolvency
Essar Steel lenders ask NCLAT to speed up resolution process – The Financial Express
Lenders to the bankrupt Essar Steel on Wednesday urged the National Company Law Appellate Tribunal (NCLAT) to speed up the resolution process as they were
Nothing new in Mehta panel report – Business Line
None of the recommendations give an immediate handle to attempt early resolution of NPAs in banks From a reading of the Sunil Mehta Committee report
Old wine, new bottle – Business Line
The Sunil Mehta panel’s proposals on the banks’ NPA problem are anything but original Project ‘Sashakt’ — the Sunil Mehta-led committee’s five-point plan on bad
Power Mech seeks more time for Lanco’s insolvency resolution process | Business Standard News–07.07.2018
In the latest twist to the Lanco Infratech’s delayed insolvency resolution process, Vijayawada-based listed company Power Mech Projects Limited on Friday filed an interim application
IBBI insists on independence of resolution professionals – NEWS – Business Line–07.07.2018
Insolvency regulator IBBI has directed Insolvency Professional Entities (IPEs) to refrain from joining any panel of any market participant. The cautionary advice came in the
We should not take our eyes off IBC, says CEA Arvind Subramanian | Business Standard News–06.07.2018
After helping the government in policymaking since October 2014, Chief Economic Adviser Arvind Subramanian is returning to academics and will be teaching at Harvard Kennedy School on
Not so ‘Sashakt’ | Business Standard Editorials–06.07.2018
The government has approved a new scheme to address India’s enormous bad loans problem. The scheme, known as “Sashakt”, will divide stressed assets into three
ICICI Bank vs SBI vs Others: NCLAT – 75% votes must to appoint or change resolution professional – The Financial Express–06.07.2018
The National Company Law Appellate Tribunal (NCLAT) has ruled that an interim resolution professional (IRP) can neither be appointed as the resolution professional (RP) nor
For tackling NPAs, lean on IBC, not AMC – The Financial Express–06.07.2018
Just when many started believing that the idea of a bad bank or an alternate vehicle to offload non-performing assets (NPAs) was stillborn and buried,
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