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
Category: IBC-SEBI
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
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
aniltikotekar4sme.com 