While the committee of creditors (CoC) of Binani Cement is expected to consider a revised offer from UltraTech Cement along with the company’s resolution plan
Category: IBC-SEBI
IBC–India Inc’s debt woes open new career path – Business Line–27.05.2018-R
India Inc’s debt problem may soon lead to a new career opportunity for bright young professionals entering the job market in India. Insolvency regulator IBBI
IBC–Law and learning | The Indian Express–27.05.2018
Of the two structural reforms associated with this government — the Goods and Services Tax and the Insolvency and Bankruptcy law — it is the
IBC–‘CoC is not proactive enough’ – The Hindu–27.05.2018-R
The Committee of Creditors (CoC) is not being proactive enough in dealing with the cases, Insolvency and Bankruptcy Board of India (IBBI) chairman M.S. Sahoo said on
Insolvency and Bankruptcy Code: IBC not being used to full extent; CoCs need to do more: M S Sahoo – The Economic Times–26.05.2018-R
Objective of the bankruptcy law is to resolve an insolvency and revive an asset for collective good and not to maximise value for a chosen
Not even Rs 1 lakh crore NPA resolved and 26 banks sitting on whopping Rs 7.3 lakh crore bad loans volcano – The Financial Express–26.05.2018-R
The NPAs of 26 banks were Rs 7.31 lakh crore on March 31, 2018. Narendra Modi government’s Insolvency and Bankruptcy Code (IBC) was hugely celebrated after
Tata Steel’s takeover of Bhushan Steel: IBC’s ‘operational’ test case | Business Standard News–26.05.2018
A series of tweets from Piyush Goyal, the officiating minister in the ministry of finance, on Friday set the tone of government narrative on the
Timely amendments: Govt steps in to deal with IBC’s effect on SMEs, realty | Business Standard Editorials–26.05.2018
The Union Cabinet approved an Ordinance on Wednesday that amended the new Insolvency and Bankruptcy Code (IBC) in an attempt to fill in some gaps in the
IBC not being used to full extent; lenders need to do more: IBBI chief | Business Standard News–26.05.2018-R
The objective of the bankruptcy law is to resolve an insolvency and revive an asset for the collective good and not to maximise value for a chosen few, Insolvency and Bankruptcy Board of India chairman M
Corporate debtors must get shareholders’ approval to initiate insolvency process – Business Line–26.05.2018
Shareholders’ approval through a special resolution is a must for a ‘corporate debtor’ to apply for initiation of insolvency process. Simply put, a company (corporate
NCLAT admits banks’ petition over Jaypee Infratech land | business news | Hindustan Times–26.05.2018
The National Company Law Appellate Tribunal on Thursday admitted a petition filed by banks against the NCLT order which had directed Jaiprakash Associates to return
Seller beware: homebuyers and Bankruptcy Code – The Hindu–26.05.2018
The proposed change to the Bankruptcy Code must treat homebuyers a step above lenders Homebuyers parted of their money by real estate developers have some relief coming
Bankruptcy Act in india developer narendra modi government | बुडण्यानंतरचे तरंगणे | Loksatta–25.05.2018
सर्वसामान्य घरखरेदीदार तसेच लघू व मध्यम उद्योजकांच्या गुंतवणूक सुरक्षेबाबत केंद्र सरकारने अलीकडेच घेतलेला निर्णय स्वागतार्ह ठरतो. नियमांच्या अधीन राहून संपत्तीनिर्मिती सहजपणाने करता येणे जसे आवश्यक
Lenders move NCLAT for early hearing in Essar Steel case–25.05.2018
Essar Steel lenders have moved the National Company Law Appellate Tribunal seeking an early hearing of appeals filed by suitors for the insolvency-bound firm, saying
Bankruptcy ordinance: Government extends lifeline to distressed homebuyers–Times of India–25.05.2018
The Insolvency and Bankruptcy Code is the most important economic reform the Modi government has initiated and seen through. But in cases of real estate
Signals from a bankruptcy | The Indian Express–25.05.2018
A Taliban prisoner once told an American soldier: “You have the watches, but we have the time.” His quip was not different from what defaulting
Welcome changes in resolution rules–Economic Times–25.05.2018
An ordinance to amend the Insolvency and Bankruptcy Code to treat home buyers as financial creditors and ease curbs on promoters of micro, small and
insolvency: MSME promoters get insolvency relief, can bid for resolution if turnover is up to Rs 250 crore – The Economic Times–25.05.2018
The government on Wednesday proposed to ease curbs on promoters of micro, small and medium enterprises (MSMEs) from bidding during the insolvency process to take over a
Relief for now: NCLAT asks JAL not to transfer land back to Jaypee Infratech – The Financial Express–25.05.2018
Jaiprakash Associates (JAL) has been asked by the National Company Law Appellate Tribunal (NCLAT) to not transfer 760 acres, mortgaged to its lenders, back to
Insolvency: No fresh bids for Bhushan Power, says NCLAT – The Financial Express–25.05.2018
The NCLAT on Thursday declined a request from the committee of creditors asking Tata Steel and UK-based Liberty House be allowed to submit fresh bids for the
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