The bankruptcy court has admitted the insolvency plea against Sterling Biotech filed by Andhra Bank – a move by banks to recover their dues amidst probe by
Category: IBC-SEBI
Insolvency Code: what’s new – The Hindu–12.06.2018
Last week, President Ram Nath Kovind gave his nod to promulgate the Insolvency and Bankruptcy code (Amendment) Ordinance 2018. S. Dhanapal, senior partner,S. Dhanapaland Associates, decodes
insolvency and bankruptcy process: Companies under insolvency process to face additional surveillance from June 11 – The Economic Times–10.06.2018
As per the BSE, the “surveillance measures shall be in conjunction with all other prevailing surveillance measures” being imposed by the exchanges from time to
Public Credit Regisgtry–Don’t spoil a good idea with monopoly–Economic Times–10.06.2018
The RBI’s High-Level Task Force on creating a Public Credit Registry (PCR) for India has recommended an in-house repository having extensive information on all borrowers.
Insolvency & bankruptcy: Focus on resolution and not liquidation, says IBBI chief MS Sahoo – The Financial Express–10.06.2018-R
At a time when a majority of companies headed for resolution under the Insolvency and Bankruptcy Code (IBC) have been slipping into liquidation, M S
Homebuyers: From ‘worst sufferer’ to at par with lenders, Arun Jaitley explains how IBC Ordinance helps – The Financial Express–09.06.2018
As President Ram Nath Kovind gave his nod to the Ordinance making amendments to the Insolvency and Bankruptcy Code (IBC) on Wednesday, the homebuyers got
Resolution plan for IVRCL: RP receives EoI from some applicants – The Financial Express–09.06.2018
The RP will review these EoIs to ensure that the same are according to the provisions of the Insolvency and Bankruptcy Code. As part of
IBC Process: NCLT gives Ruchi Soya another 90 days – The Financial Express–09.06.2018
Claims worth Rs 9,119 crore from financial creditors of Ruchi Soya had been admitted by the NCLT as on May 18, 2018. The Mumbai bench
IBC delisting norms: Small shareholders ask Sebi for review | Business Standard News–08.06.2018
Minority shareholders are miffed at the lenient delisting process for companies facing insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). According to sources, several investor protection
Videocon case: NCLT hears State Bank of India petition | The Indian Express–08.06.2018
On June 6, another bench of NCLT admitted a plea from SBI to initiate a resolution process against Videocon Industries Ltd, the flagship firm of
NCLT admits Videocon case; Venugopal Dhoot says banks to recover 80% debt – The Economic Times–07.06.2018
The National Company Law Tribunal (NCLT) has on Wednesday admitted Videocon IndustriesNSE -4.74 % under the Insolvency and Bankruptcy Code, and the debt-ridden firm is hopeful that its lenders
Relief for MSMEs under IBC, promoter can bid for his enterprise – The Economic Times–07.06.2018
The development provides major relief to MSMEs facing insolvency proceedings. The Government on Wednesday provided major relief to MSMEs facing insolvency proceeding under the Insolvency & Bankruptcy Code Ordinance,
Adhunik Metaliks case: NCLT reserves order on extra time – The Financial Express–07.06.2018
The Kolkata bench of the National Company Law Tribunal (NCLT) on Wednesday reserved its order over the issue of exclusion of requisite number of days
Amtek case: NCLT reserves order on Liberty House eligibility – The Financial Express-07.06.2018
The Chandigarh bench of the National Company Law Tribunal (NCLT) has reserved its order on whether Liberty House was eligible to bid for the bankrupt
The power sector solution that is not–Economic Times–06.06.2018
Lenders have identified 11 power projects with a combined installed capacity of nearly 13,000 MW that have turned into non-performing assets for a special resolution
IBC’s blind spot: Rights of operational creditors need to be spelt out | Business Standard Editorials–06.06.2018
As the first exercise of its kind in India, the Insolvency and Bankruptcy Code (IBC) has been a work in progress, entailing periodic adjustments to
Insolvency and Bankruptcy Code Monitor: Legal challenges hold up progress in most cases | The Indian Express–06.06.2018
Bhushan Steel’s acquisition by a Tata firm only success story so far. While the Insolvency and Bankruptcy Code (IBC) has ushered in significant urgency in
Vedanta enters steel with acquisition of Electrosteel Steels, to hold 90% | Business Standard News–05.06.2018
Anil Agarwal-promoted Vedanta Ltd announced on Monday that it has acquired the control of Electrosteel Steels Ltd (ESL) under a resolution plan that became effective Monday. “Pursuant
With riders: Sebi exempts IBC firms from delisting norms | The Indian Express–05.06.2018
Certain relaxations have also been extended to insolvent entities with respect to regulations pertaining to substantial acquisition of shares and takeovers as well as issue
Don’t finalise Binani Cement asset sale till further orders: Supreme Court | The Indian Express–05.06.2018
The Supreme Court Monday restrained finalisation of the sale of assets of the bankrupt Binani Cement without its prior approval. However, it allowed the debt
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