Clipped from: https://www.business-standard.com/finance/news/ibc-resolution-delays-hit-five-year-high-fy25-ind-ra-125061700784_1.html Ind-Ra notes rising resolution timelines and lowest recovery levels since FY21 under the IBC framework, cautioning this could affect bond market deepening and
Category: IBC-SEBI
IBC in stress: Survival depends on commitment to its core principles
Clipped from: https://www.business-standard.com/opinion/columns/ibc-in-stress-survival-depends-on-commitment-to-its-core-principles-125061500687_1.html Public laws aim to keep the crime proceeds beyond the reach of criminals while punishing the criminals. Although these proceeds were never the
IBC sees better recoveries, lower liquidations in FY25, albeit with longer resolution time – ICRA calls for reforms – Industry News | The Financial Express
Clipped from: https://www.financialexpress.com/business/industry-ibc-outlook-fy25-better-recoveries-fewer-liquidations-but-slower-resolutions-icra-seeks-reforms-3859798/?ref=hometop_hp Per ICRA, the number of resolution plans (RP) approved by the NCLT under the IBC showed a marginal dip to 259 cases from
Claims against personal guarantors in IBC cases jump 80% in FY25 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/claims-against-personal-guarantors-in-ibc-cases-jump-80-pc-in-fy25/article69621344.ece Creditors recover just ₹129 crore or 2% of admitted claims The number of cases filed against the personal guarantors last fiscal increased 24
SC halts Bhushan Steel liquidation, orders status quo on JSW review | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/supreme-court-halts-bhushan-steel-liquidation-orders-status-quo-125052601154_1.html The Supreme Court pauses NCLT proceedings to liquidate BPSL, observing that doing so may prejudice JSW’s yet-to-be-filed review of its quashed resolution plan
Bhushan Steel ruling misses big picture – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/bhushan-steel-ruling-misses-big-picture/article69611410.ece In sticking to the letter of law and ordering liquidation, the SC has overlooked the consequences of its judgment The Supreme Court could
*****Finality of biz transactions: How delays undermined the Bhushan resolution | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/finality-of-biz-transactions-how-delays-undermined-the-bhushan-resolution-125051401692_1.html Court ordered the liquidation of BPS, which had been successfully rescued under the IBC in 2019 with the approval of relevant market participants
*****Why India’s nine-year-old insolvency law has bankers going bald with worry | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/why-india-s-nine-year-old-insolvency-law-has-bankers-going-bald-with-worry-125051300085_1.html A third of the bankruptcies admitted by the tribunals have gone for liquidation, while three-quarters of the cases still open in December had
R Sudhakar: NCLT a creature of statute, should stick to that: NCLT Chairperson | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/nclt-chairperson-says-tribunal-should-stick-to-statute-in-bpsl-case-125051501630_1.html NCLT Chairperson R Sudhakar says tribunal must operate within IBC and Companies Act as BPSL liquidation returns to Delhi bench after Supreme Court’s
*****Finality of biz transactions: How delays undermined the Bhushan resolution
Clipped from: https://www.business-standard.com/opinion/columns/finality-of-biz-transactions-how-delays-undermined-the-bhushan-resolution-125051401692_1.html Court ordered the liquidation of BPS, which had been successfully rescued under the IBC in 2019 with the approval of relevant market participants
Creditors recover record ₹67,000 crore via IBC in FY25, up 42% from FY24 | Economy & Policy News – Business Standard
lipped from: https://www.business-standard.com/economy/news/creditors-recover-rs-67000-crore-ibc-resolutions-fy25-insolvency-bankruptcy-125051500817_1.html Creditors recovered ₹67000 crore through IBC in FY25 a 42% jump from FY24 aided by record corporate resolutions and higher NCLT capacity after
SEBI should hasten slowly in reforming legacy regulations – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sebi-should-hasten-slowly-in-reforming-legacy-regulations/article69567505.ece The changes SEBI plans to undertake are aimed at ensuring that its market development role does not take a backseat to its policing
Big Four rejig IBC verticals with fewer insolvency cases getting filed
lipped from: https://www.business-standard.com/companies/news/big-four-rejig-ibc-verticals-with-fewer-insolvency-cases-getting-filed-125051201426_1.html Between the June and December quarter of FY25, the number of insolvency applications initiated by financial creditors went down from 150 to 84
Ex-promoter of Bhushan Power moves NCLT to enforce SC’s liquidation order | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/bhushan-power-s-ex-promoter-moves-nclt-to-enforce-sc-s-liquidation-ruling-125050900600_1.html Top court has rejected JSW Steel’s resolution plan to acquire Bhushan Power and Steel four years after takeover was completed In its order,
*****SEBI Chairman: Easing procedural rules from June board meeting – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/easing-of-regulations-to-start-from-june-board-meeting-sebi-chairman/article69552398.ece “When it comes to regulating more, the pace will definitely slow down,” said SEBI Chairman Tuhin Kanta Pandey The Securities and Exchange Board
*****Optimal regulations is the way to go: SEBI chief – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/optimal-regulations-is-the-way-to-go-sebi-chief/article69553982.ece Streamlining regulations and stepping up surveillance is part of its ongoing agenda, said Tuhin Kanta Pandey, Chairman, SEBI Tuhin Kanta Pandey, Chairman, SEBI
*****Bhushan Steel ruling can help strengthen IBC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/bhushan-steel-ruling-can-help-strengthen-ibc/article69550247.ece It restores discipline to the insolvency process, sets clear limits on tribunal powers, protects the independence of enforcement agencies The Supreme Court ruling
Ex promoter of Bhushan Power moves NCLT to enfore SC’s liquidation order – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/ex-promoter-of-bhushan-power-moves-nclt-to-enfore-scs-liquidation-order/article69557213.ece Singhal’s plea comes even as the government, lenders, and JSW Steel prepare to file a review petition against the SC verdict Sanjay Singhal,
Bhushan Steel: Was liquidation the only solution? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/bhushan-steel-was-liquidation-the-only-solution/article69546180.ece The SC judgment has followed the letter of the law. But it has hit the interests of the company, creditors and employees The
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