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
Category: IBC-SEBI
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,
A solution for non-performing assets? The main criticism of the AMC proposal relates to the source of funding – The Financial Express–06.07.2018
The non-performing assets (NPA) of banks have been climbing year after year and had reached 11.6% of gross advances by the end of March 2018.
ArcelorMittal urges NCLAT to disqualify NuMetal’s bid for Essar Steel | Business Standard News–06.07.2018
Locked in a direct fight to acquire Essar Steel, ArcelorMittal on Thursday sought disqualification of Russia’s VTB Capital-backed NuMetal Ltd, alleging that the firm was acting in
Public, private banks ink pact for faster resolution of stressed assets | The Indian Express–06.07.2018
According to the pact, if 66% of the lenders agree to a decision with regard to a stressed asset, it will be enforceable on the
Insolvency process: IBBI rejigs norms, specifies timeline for resolution | Business Standard News–05.07.2018–*****
The IBBI has notified revised norms for insolvency resolution process paving the way for home buyers to seek relief as financial creditors, putting in place clear timelines to be
NCLT’s knuckle-raps have put insolvency resolution professionals under a scanner – NEWS – Business Line–05.07.2018–*****
The role of insolvency resolution professionals (IRPs) and their ability to handle day-to day affairs of bankrupt companies has come under the spotlight with the
Insolvency process: SC asks Binani Cement pleas to be moved to NCLAT | Business Standard News–04.07.2018
The Supreme Court on Monday ordered transferring all litigations related to Binani Cement’s insolvency resolution pending at the Kolkata Bench of the National Company Law
aniltikotekar4sme.com 