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.
Category: IBC-SEBI
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
Unlikely the new plan will work as well as the IBC – The Financial Express–04.07.2018
The IBC route is as market-based and transparent as the new approach promises to be. The Sunil Mehta Committee’s suggestion that bad loans should be
NCLT rebukes SBI for “lackadaisical approach” – The Economic Times–29.06.2018
The National Company Law Tribunal’s Mumbai chapter has rebuked the country’s largest lender, State Bank of India, for its “lackadaisical approach” in sanctioning a Rs
Individual bankruptcy rules to take more time: All you need to know | Business Standard News–29.06.2018
Rules for individual bankruptcy might take still longer to come. A key official involved in framing it, says: “While insolvency provisions for companies would not create a
Bhushan Power bid: Liberty Steel banking on NCLAT decision – Business Line–29.06.2018
Liberty Steel is confident that its highest bid to acquire Bhushan Power and Steel will get the National Company Law Appellate Tribunal’s (NCLAT) approval even
NCLAT refuses to stay Electrosteel delisting – The Financial Express–28.06.2018
NCLAT refuses to stay Electrosteel delisting The National Company Law Appellate Tribunal (NCLAT) on Wednesday refused to stay the delisting of Electrosteel Steels shares by
IBC: Making way for reforms | Deccan Herald–28.06.2018
Kalpesh J Mehta, There has been a lot of buzz in the economy in the recent past on the amendment of The Insolvency and Bankruptcy
RBI deputy governor Viral Acharya praises Modi’s IBC, says bodes well for system – The Financial Express–27.06.2018
RBI Deputy Governor Viral Acharya today said initiatives like Insolvency and Bankruptcy Code and norms for prompt recognition of bad loans bode well for financial stability
NCLT has exceeded expectations in terms of deciding cases in 2 yrs: Experts | Business Standard Column–26.06.2018
Come July, the National Company Law Tribunal (NCLT) would have functioned for two full years. The provisions setting up the NCLT were notified on 1 June 2016. It began
Home Buyers | Bankruptcy Law: Here’s a lifeline for India’s often neglected home buyers–23.06.2018
by Dhirendra Kumar The recognition of home buyers as financial creditors under the bankruptcy law may well turn out to be the most important legal development ever in India’s
Insolvency process: Alok Industries goes to RIL-JM with big haircut – The Financial Express–23.06.2018
The committee of creditors (CoC) on Friday approved the resolution plan submitted by RIL-JM Financial. Banks have taken a huge 83% haircut on the sale
Insolvency professionals may step down only on health, legal grounds – The Financial Express–23.06.2018
The IBBI has sought public comments after coming out with an discussion paper. ReIterating that regulations under the Insolvency and Bankruptcy Code (IBC) do
Insolvency regulator to IRPs: Charge reasonable fees, disclose all expenses – NEWS – Business Line–22.06.2018
You will now get to know how much insolvency resolution professionals (IRPs) charge as ‘fees’ for their crucial role in the corporate insolvency resolution process
BoB puts Rs 3,000-cr exposure to NCLT accounts on sale | The Indian Express–22.06.2018
Over the last week, Bank of Baroda (BoB) has put on sale non-performing assets (NPAs) worth Rs 7,655 crore, including its exposures to some accounts
IBC 2016–Ordinance: big deal for homebuyers | Deccan Herald–20.06.2018
The ordinance amending the Insolvency and Bankruptcy Code (IBC) to protect homebuyers is a welcome development as it treats homebuyers as financial creditors. This is
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