The Committee of Creditors (CoC) of Binani Cement on Monday voted in favour of UltraTech’s Rs 79.60 billion offer. All 100 per cent votes were cast in
Category: IBC-SEBI
Electrosteel sale status quo hurting banks, lift stay: Vedanta to NCLAT | Business Standard News–29.05.2018
Vedanta Ltd on Monday asked the National Company Law Appellate Tribunal (NCLAT) to vacate its order for maintaining status quo over the sale of debt-ridden Electrosteel
SBI tackles the problem | Business Standard Editorials–29.05.2018
State Bank of India (SBI) recorded a historically high quarterly loss in January-March 2017-18, according to the results released last week. The loss, of Rs 77.18
Bad loans: Are we celebrating the outliers? | Business Standard Column–29.05.2018
To the loud, self-congratulatory tweets of policymakers and politicians, supported by the media (which is quick to declare a few data points as a major
Insolvency and Bankruptcy Code: How inordinate delays can ruin the purpose of bankruptcy code – The Economic Times–28.05.2018
By Amitabh Kant In the Essar Steel matter before it, the National Company Law Appellate Tribunal (NCLAT) has stalled the resolution process, directing all concerned entities to abstain
Binani Insolvency: Dalmia moves SC again on UltraTech’s eligibility to bid | Business Standard News–28.05.2018
Just ahead of the scheduled meeting of the Committee of Creditors (CoC) of Binani Cement, which is undergoing bankruptcy proceedings, the Dalmia Bharat Cement-led consortium has moved Supreme Court for the
Binani Cement: Dalmia Bharat again moves apex court on NCLAT order – The Financial Express–27.05.2018
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
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
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