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
Category: IBC-SEBI
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
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
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