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
Category: IBC-SEBI
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
UltraTech: Dalmia Bharat delaying Binani resolution – The Financial Express–19.06.2018
With Dalmia Bharat-controlled Rajputana Properties (RPPL) sticking to its demand for getting a copy of UltraTech Cement’s revised resolution plan, the Aditya Birla Group-owned cement
NCLT grants additional 20 days for Adhunik Metaliks to complete insolvency resolution process – Business Line–19.06.2018
The Kolkata Bench of National Company Law Tribunal (NCLT) has granted an additional 20 days time for Adhunik Metaliks to complete its ongoing insolvency resolution
All you wanted to know about…Swiss Challenge – Business Line–19.06.2018
No, this is not about Federer challenging Rafa to a match on clay court. As many corporate bankruptcy cases in India get held up by
Unravelling the fine print of the ‘new’ IBC – The Hindu–19.06.2018
S. Dhanapal, senior partner, S. Dhanapal and Associates, explains the other aspects. Relief to micro, small and medium enterprises (MSME) The promoter of a
Insolvency Code: what’s new – The Hindu–19.06.2018
S. Dhanapal, senior partner,S. Dhanapaland Associates, decodes the key amendments to IBC. Homebuyers as financial creditors In a major change, homebuyers would now be treated
Delay in resolving insolvency cases has cost banks ₹25,000 cr – Business Line–18.06.2018
The inordinate delay in the insolvency resolution process against the top 10 defaulter companies has already led to a notional a loss of ₹25,000 crore
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