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
Category: IBC-SEBI
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
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
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