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
Category: IBC-SEBI
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
How the RERA and the IBC will help homebuyers – The Hindu–18.06.2018
The Insolvency and Bankruptcy Amendment (Ordinance) Act, 2018 received the President’s assent on June 6. The amendment to the Code was brought about with a
SEBI’s new regulations sync with the IBC – The Financial Express–17.06.2018
A lot has been said and written on the Indian insolvency law—the Insolvency and Bankruptcy Code, 2016 (IBC). It is one of the big-bang reforms
Resolution professional of Essar Power Jharkhand invites bids by July 10 | Business Standard News–17.06.2018
The resolution professional for Essar Power Jharkhand, Huzefa Fakhri Sitabkhan, has invited expressions of interest (EoIs) and resolution plans from companies by July 10. Essar Power Jharkhand was admitted under the Insolvency and
Resolution professional invites EOI for 1,200-MW Essar plant in Tori – Business Line–16.06.2018
The resolution professional of Essar Power Jharkand Ltd (EPJL), an SPV of Essar Power, developing 1,200 MW thermal power plant in Tori, Jharkand, has invited
Insolvency process: Adani Power, JSW Energy submit EoIs for Monnet Power | Business Standard News–16.06.2018
JSW Energy and Adani Power have submitted separate Expression of Interests (EoIs) to acquire stressed asset firm Monnet Power, a source told Business Standard. This is the second
Punj Lloyd ICICI Bank NCLT: ICICI Bank drags Punj Lloyd to NCLT, initiates forensic audit against firm – The Economic Times–15.06.2018
The bank has appointed TR Chadha of Chadha & Co as forensic auditor for Punj Lloyd. The move comes after the bank dragged the company
ICICI Bank’s insolvency plea may not be admitted by NCLT: Punj Lloyd – The Economic Times–15.06.2018
ICICI Bank’s plea was heard today by the principal bench of NCLT headed by President Justice M M Kumar, which issued notices to Punj Lloyd
Appeal Mumbai NCLT ruling on defaulters’ bidding – The Financial Express–14.06.2018
In a somewhat surprising ruling, the Mumbai bench of the National Company Law Tribunal (NCLT) has said that the law banning promoters who are defaulters
Insolvency: UltraTech Cement to bear cost of Binani’s legal proceedings | Business Standard News–14.06.2018
UltraTech Cement, which is in a legal battle to acquire bankruptcy-hit Binani Cement, has agreed to bear the costs arising out of the unending series
IBC 2016–Tangled web – Business Line–14.06.2018
The recent changes to bankruptcy laws have mixed implications for speedy resolution The journey for the large corporate insolvency cases queued up before the National
IBC’s Section 29A: Experts say Mumbai, NCLT’s order threatens code’s intent – The Financial Express–13.06.2018
A ruling by the Mumbai bench of the National Company Law Tribunal (NCLT) — that provisions of a November 2017 ordinance on the ineligibility of
Battle for Ruchi Soya: Adani tops with Rs 6,000-crore bid – The Financial Express–13.06.2018
Adani Wilmar, a joint venture between the Adani Group and Singapore’s Wilmar International, has beaten rival bidder Patanjali to place a higher bid of close
Tata Steel likely to have an edge in battle for Bhushan Power | Business Standard News–13.06.2018
Tata Steel is likely to have an edge in the battle for Bhushan Power & Steel after the Committee of Creditors (CoC) sat through presentations on resolution plans from all bidders on
NCLT to resolution professional: Relook new bids for Alok Ind – Business Line–13.06.2018
The National Company Law Tribunal has directed the resolution professional of Alok Industries to resubmit the plan submitted by JM Financial Asset Reconstruction and Reliance
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